MarineMax Inc (NYSE:HZO) Director Dean S. Woodman sold 10,000 shares of MarineMax stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $25.97, for a total transaction of $259,700.00. Following the completion of the transaction, the director now directly owns 23,844 shares in the company, valued at $619,228.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of HZO traded down $0.65 during trading hours on Friday, reaching $24.35. 8,380 shares of the company traded hands, compared to its average volume of 445,237. The firm has a market capitalization of $697.84 million, a PE ratio of 14.51 and a beta of 0.94. MarineMax Inc has a 12-month low of $16.40 and a 12-month high of $26.11.
MarineMax (NYSE:HZO) last posted its quarterly earnings results on Tuesday, October 30th. The specialty retailer reported $0.45 EPS for the quarter, beating the consensus estimate of $0.23 by $0.22. MarineMax had a net margin of 3.34% and a return on equity of 11.97%. The company had revenue of $308.59 million for the quarter, compared to analyst estimates of $273.60 million. During the same period in the prior year, the company earned $0.22 earnings per share. The firm’s revenue was up 23.1% on a year-over-year basis. On average, equities research analysts forecast that MarineMax Inc will post 1.92 EPS for the current fiscal year.
Several institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its position in shares of MarineMax by 6.3% in the second quarter. BlackRock Inc. now owns 3,110,799 shares of the specialty retailer’s stock worth $58,949,000 after acquiring an additional 183,082 shares during the period. Eagle Asset Management Inc. raised its position in shares of MarineMax by 4.1% in the third quarter. Eagle Asset Management Inc. now owns 2,895,645 shares of the specialty retailer’s stock worth $61,532,000 after acquiring an additional 113,830 shares during the period. Carillon Tower Advisers Inc. raised its position in shares of MarineMax by 3.8% in the second quarter. Carillon Tower Advisers Inc. now owns 1,861,655 shares of the specialty retailer’s stock worth $35,278,000 after acquiring an additional 67,605 shares during the period. WINTON GROUP Ltd raised its position in shares of MarineMax by 75.5% in the second quarter. WINTON GROUP Ltd now owns 458,925 shares of the specialty retailer’s stock worth $8,697,000 after acquiring an additional 197,449 shares during the period. Finally, Royce & Associates LP raised its position in shares of MarineMax by 31.7% in the second quarter. Royce & Associates LP now owns 378,100 shares of the specialty retailer’s stock worth $7,165,000 after acquiring an additional 91,000 shares during the period. Institutional investors and hedge funds own 88.95% of the company’s stock.
MarineMax Company Profile
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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