Dimensional Fund Advisors LP boosted its stake in shares of MarineMax Inc. (NYSE:HZO) by 3.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,181,457 shares of the company’s stock after buying an additional 76,509 shares during the period. Dimensional Fund Advisors LP owned 9.02% of MarineMax worth $37,019,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in HZO. Eagle Asset Management Inc. increased its stake in shares of MarineMax by 125.8% in the second quarter. Eagle Asset Management Inc. now owns 2,134,603 shares of the company’s stock worth $36,224,000 after buying an additional 1,189,194 shares in the last quarter. Redwood Investments LLC bought a new stake in shares of MarineMax during the second quarter worth about $3,247,000. Emerald Acquisition Ltd. bought a new stake in shares of MarineMax during the second quarter worth about $3,166,000. Hood River Capital Management LLC increased its stake in shares of MarineMax by 57.7% in the second quarter. Hood River Capital Management LLC now owns 475,411 shares of the company’s stock worth $8,068,000 after buying an additional 174,039 shares in the last quarter. Finally, Thomson Horstmann & Bryant Inc. increased its stake in shares of MarineMax by 24.2% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 587,345 shares of the company’s stock worth $9,967,000 after buying an additional 114,365 shares in the last quarter.
Shares of MarineMax Inc. (NYSE:HZO) opened at 20.85 on Wednesday. The company has a market capitalization of $504.22 million, a P/E ratio of 10.30 and a beta of 1.32. The stock has a 50 day moving average of $20.28 and a 200-day moving average of $18.74. MarineMax Inc. has a 12-month low of $13.56 and a 12-month high of $22.03.
MarineMax (NYSE:HZO) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.45 by $0.12. The business had revenue of $345.60 million for the quarter, compared to the consensus estimate of $268.34 million. MarineMax had a net margin of 5.55% and a return on equity of 7.88%. The business’s revenue for the quarter was up 49.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 EPS. Equities research analysts forecast that MarineMax Inc. will post $0.90 EPS for the current year.
A number of analysts have issued reports on HZO shares. Zacks Investment Research downgraded shares of MarineMax from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd. B. Riley reiterated a “buy” rating and issued a $22.50 price target on shares of MarineMax in a report on Wednesday, July 27th. Finally, Forward View upgraded shares of MarineMax from a “hold” rating to a “buy” rating in a report on Thursday, July 28th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. MarineMax presently has an average rating of “Buy” and an average target price of $24.50.
In related news, VP Michael H. Mclamb sold 6,337 shares of the stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $20.62, for a total transaction of $130,668.94. Following the sale, the vice president now directly owns 131,185 shares of the company’s stock, valued at $2,705,034.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP W Brett Mcgill sold 10,000 shares of the stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $20.05, for a total transaction of $200,500.00. Following the sale, the executive vice president now directly owns 18,930 shares in the company, valued at $379,546.50. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by insiders.
MarineMax Company Profile
MarineMax, Inc is a recreational boat dealer in the United States. The Company engages in the retail sale, brokerage, and service of used boats, motors, trailers, marine parts and accessories and offers slip and storage accommodations in certain locations. It offers related boat financing, insurance and extended service contracts.
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