Municipal Employees Retirement System of Michigan Lowers Stake in MarineMax Inc (HZO)

Municipal Employees Retirement System of Michigan lessened its holdings in MarineMax Inc (NYSE:HZO) by 76.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 9,140 shares of the specialty retailer’s stock after selling 29,280 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in MarineMax were worth $173,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sei Investments Co. lifted its position in shares of MarineMax by 47.3% in the 3rd quarter. Sei Investments Co. now owns 59,824 shares of the specialty retailer’s stock worth $990,000 after purchasing an additional 19,208 shares during the period. NBW Capital LLC lifted its position in MarineMax by 31.2% during the fourth quarter. NBW Capital LLC now owns 205,487 shares of the specialty retailer’s stock valued at $3,884,000 after acquiring an additional 48,917 shares during the last quarter. Royce & Associates LP lifted its position in MarineMax by 116.9% during the fourth quarter. Royce & Associates LP now owns 287,600 shares of the specialty retailer’s stock valued at $5,436,000 after acquiring an additional 155,000 shares during the last quarter. Impala Asset Management LLC lifted its position in MarineMax by 23.1% during the third quarter. Impala Asset Management LLC now owns 2,209,749 shares of the specialty retailer’s stock valued at $36,571,000 after acquiring an additional 413,990 shares during the last quarter. Finally, Thomson Horstmann & Bryant Inc. lifted its position in MarineMax by 57.1% during the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 617,054 shares of the specialty retailer’s stock valued at $11,662,000 after acquiring an additional 224,397 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

How to Become a New Pot Stock Millionaire

HZO has been the subject of a number of analyst reports. CL King raised shares of MarineMax from a “neutral” rating to a “buy” rating in a research report on Thursday, January 25th. TheStreet raised shares of MarineMax from a “c+” rating to a “b” rating in a research report on Thursday, December 7th. Zacks Investment Research raised shares of MarineMax from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Wednesday, January 24th. Northcoast Research set a $26.00 target price on shares of MarineMax and gave the company a “buy” rating in a research report on Wednesday, January 24th. Finally, B. Riley reissued a “buy” rating and set a $22.00 target price on shares of MarineMax in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $22.00.

In other MarineMax news, Director Joseph Allen Watters sold 2,500 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $21.20, for a total value of $53,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman William H. Mcgill, Jr. sold 50,000 shares of the firm’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $23.60, for a total transaction of $1,180,000.00. Following the completion of the transaction, the chairman now directly owns 231,742 shares of the company’s stock, valued at approximately $5,469,111.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,500 shares of company stock valued at $1,566,400. Corporate insiders own 5.00% of the company’s stock.

NYSE HZO opened at $19.45 on Friday. The firm has a market capitalization of $516.92, a price-to-earnings ratio of 17.21, a P/E/G ratio of 0.44 and a beta of 1.04. MarineMax Inc has a 12-month low of $13.80 and a 12-month high of $24.30.

MarineMax (NYSE:HZO) last posted its quarterly earnings results on Wednesday, January 24th. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.24. The business had revenue of $236.92 million during the quarter, compared to analysts’ expectations of $231.75 million. MarineMax had a net margin of 2.36% and a return on equity of 8.63%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the company posted $0.11 earnings per share. sell-side analysts expect that MarineMax Inc will post 1.48 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This piece was published by WKRB News and is owned by of WKRB News. If you are viewing this piece on another site, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be read at https://www.wkrb13.com/2018/03/31/municipal-employees-retirement-system-of-michigan-lowers-stake-in-marinemax-inc-hzo.html.

MarineMax Profile

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).

Institutional Ownership by Quarter for MarineMax (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.

Leave a Reply