NBW Capital LLC grew its holdings in shares of MarineMax Inc (NYSE:HZO) by 31.2% in the 4th quarter, Holdings Channel reports. The firm owned 205,487 shares of the specialty retailer’s stock after acquiring an additional 48,917 shares during the quarter. NBW Capital LLC’s holdings in MarineMax were worth $3,884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also made changes to their positions in the company. Boothbay Fund Management LLC purchased a new stake in shares of MarineMax during the 3rd quarter valued at $182,000. Landscape Capital Management L.L.C. purchased a new stake in shares of MarineMax during the 4th quarter valued at $192,000. Louisiana State Employees Retirement System purchased a new stake in shares of MarineMax during the 4th quarter valued at $193,000. BNP Paribas Arbitrage SA increased its position in shares of MarineMax by 69.3% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 12,442 shares of the specialty retailer’s stock valued at $206,000 after purchasing an additional 5,094 shares during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of MarineMax during the 3rd quarter valued at $232,000. 89.90% of the stock is owned by hedge funds and other institutional investors.
In other MarineMax news, Chairman William H. Mcgill, Jr. sold 50,000 shares of the firm’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $23.60, for a total value of $1,180,000.00. Following the completion of the transaction, the chairman now owns 231,742 shares in the company, valued at approximately $5,469,111.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Joseph Allen Watters sold 2,500 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $21.20, for a total value of $53,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 67,500 shares of company stock valued at $1,566,400. 4.40% of the stock is currently owned by insiders.
MarineMax (NYSE:HZO) last announced its quarterly earnings data on Wednesday, January 24th. The specialty retailer reported $0.23 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.24. MarineMax had a return on equity of 8.63% and a net margin of 2.36%. The company had revenue of $236.92 million during the quarter, compared to analyst estimates of $231.75 million. During the same quarter last year, the firm posted $0.11 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. analysts anticipate that MarineMax Inc will post 1.48 earnings per share for the current year.
HZO has been the subject of several research analyst reports. CL King initiated coverage on MarineMax in a research report on Monday, November 13th. They set a “neutral” rating for the company. TheStreet raised MarineMax from a “c+” rating to a “b” rating in a research report on Thursday, December 7th. Zacks Investment Research raised MarineMax from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Wednesday, January 3rd. B. Riley reissued a “buy” rating and issued a $22.00 price objective on shares of MarineMax in a report on Monday, January 22nd. Finally, Northcoast Research set a $26.00 price objective on MarineMax and gave the stock a “buy” rating in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. MarineMax currently has an average rating of “Buy” and a consensus target price of $22.00.
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MarineMax, Inc is a recreational boat and yacht dealer in the United States. Through 56 retail locations in Alabama, California, Connecticut, Florida, Georgia, Maryland, Massachusetts, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, and Texas, the Company sold new and used recreational boats, including pleasure and fishing boats, as of September 30, 2016.
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