Dimensional Fund Advisors LP lessened its holdings in MarineMax Inc (NYSE:HZO) by 2.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,157,881 shares of the specialty retailer’s stock after selling 48,692 shares during the quarter. Dimensional Fund Advisors LP owned 9.09% of MarineMax worth $35,713,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of MarineMax by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 1,349,327 shares of the specialty retailer’s stock valued at $26,380,000 after purchasing an additional 53,443 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of MarineMax by 51.7% in the 3rd quarter. American Century Companies Inc. now owns 1,208,999 shares of the specialty retailer’s stock valued at $20,009,000 after purchasing an additional 412,038 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in shares of MarineMax by 0.6% in the 3rd quarter. Macquarie Group Ltd. now owns 1,185,217 shares of the specialty retailer’s stock valued at $19,615,000 after purchasing an additional 7,492 shares in the last quarter. Numeric Investors LLC boosted its holdings in shares of MarineMax by 8.4% in the 2nd quarter. Numeric Investors LLC now owns 913,733 shares of the specialty retailer’s stock valued at $17,863,000 after purchasing an additional 70,500 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of MarineMax by 3.3% in the 2nd quarter. State Street Corp now owns 688,449 shares of the specialty retailer’s stock valued at $13,460,000 after purchasing an additional 21,944 shares in the last quarter. 88.30% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have weighed in on HZO shares. B. Riley reaffirmed a “buy” rating and issued a $19.75 target price on shares of MarineMax in a report on Wednesday, September 20th. Citigroup raised their target price on MarineMax from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, October 2nd. Forward View downgraded MarineMax from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Craig Hallum set a $21.00 target price on MarineMax and gave the company a “buy” rating in a report on Tuesday, October 31st. Finally, CL King began coverage on MarineMax in a report on Monday, November 13th. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. MarineMax presently has an average rating of “Hold” and a consensus price target of $21.00.
MarineMax Inc (NYSE:HZO) opened at $19.60 on Friday. MarineMax Inc has a 12 month low of $13.80 and a 12 month high of $23.65. The company has a market capitalization of $522.89, a price-to-earnings ratio of 20.42, a PEG ratio of 0.56 and a beta of 1.05.
MarineMax (NYSE:HZO) last announced its quarterly earnings results on Tuesday, October 31st. The specialty retailer reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.11. MarineMax had a return on equity of 7.82% and a net margin of 2.24%. The company had revenue of $250.62 million during the quarter, compared to analysts’ expectations of $231.96 million. During the same period in the prior year, the company earned $0.18 EPS. MarineMax’s revenue was up 10.2% compared to the same quarter last year. equities analysts expect that MarineMax Inc will post 1.17 EPS for the current year.
In related news, Chairman William H. Mcgill, Jr. sold 35,000 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $21.03, for a total transaction of $736,050.00. Following the completion of the transaction, the chairman now directly owns 281,640 shares of the company’s stock, valued at approximately $5,922,889.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William H. Mcgill, Jr. sold 5,400 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $22.00, for a total value of $118,800.00. Following the transaction, the chief executive officer now directly owns 262,142 shares of the company’s stock, valued at $5,767,124. The disclosure for this sale can be found here. Insiders sold a total of 96,900 shares of company stock valued at $2,083,440 over the last quarter. 5.00% of the stock is owned by corporate insiders.
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.
Want to see what other hedge funds are holding HZO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MarineMax Inc (NYSE:HZO).
Receive News & Ratings for MarineMax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MarineMax and related companies with MarketBeat.com's FREE daily email newsletter.