Shares of MarineMax Inc (NYSE:HZO) have been assigned an average rating of “Hold” from the eleven research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $22.38.
A number of equities analysts have issued reports on the company. ValuEngine upgraded MarineMax from a “sell” rating to a “hold” rating in a report on Thursday. B. Riley cut MarineMax from a “buy” rating to a “neutral” rating and cut their price target for the stock from $29.00 to $26.00 in a report on Monday, June 18th. Craig Hallum cut MarineMax from a “buy” rating to a “hold” rating in a report on Monday, June 25th. Finally, Zacks Investment Research cut MarineMax from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 3rd.
Shares of HZO stock opened at $21.25 on Friday. MarineMax has a one year low of $13.80 and a one year high of $25.05. The company has a market capitalization of $563.43 million, a P/E ratio of 21.25 and a beta of 1.12.
In other news, VP Michael H. Mclamb sold 41,378 shares of the company’s stock in a transaction that occurred on Thursday, April 26th. The stock was sold at an average price of $21.65, for a total transaction of $895,833.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Michael H. Mclamb sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $24.07, for a total value of $601,750.00. Following the transaction, the vice president now directly owns 99,696 shares in the company, valued at $2,399,682.72. The disclosure for this sale can be found here. Insiders have sold a total of 132,354 shares of company stock worth $3,009,610 over the last 90 days. Company insiders own 5.00% of the company’s stock.
Several large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of MarineMax by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 2,245,923 shares of the specialty retailer’s stock worth $43,683,000 after purchasing an additional 31,883 shares during the period. Macquarie Group Ltd. raised its position in shares of MarineMax by 14.9% during the fourth quarter. Macquarie Group Ltd. now owns 1,361,778 shares of the specialty retailer’s stock worth $25,738,000 after purchasing an additional 176,561 shares during the period. Cortina Asset Management LLC raised its position in shares of MarineMax by 2.1% during the first quarter. Cortina Asset Management LLC now owns 341,979 shares of the specialty retailer’s stock worth $6,651,000 after purchasing an additional 6,931 shares during the period. Monarch Partners Asset Management LLC raised its position in shares of MarineMax by 96.2% during the first quarter. Monarch Partners Asset Management LLC now owns 302,805 shares of the specialty retailer’s stock worth $5,890,000 after purchasing an additional 148,475 shares during the period. Finally, Harvest Capital Strategies LLC purchased a new stake in MarineMax in the 1st quarter valued at $5,453,000. 93.33% of the stock is currently owned by institutional investors.
MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. It sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; motor yachts; convertible yachts; pleasure boats; pontoon boats; fishing boats; ski boats; and jet boats.
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