William H. Mcgill, Jr. Sells 8,525 Shares of MarineMax Inc (HZO) Stock

MarineMax Inc (NYSE:HZO) insider William H. Mcgill, Jr. sold 8,525 shares of the company’s stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $26.06, for a total value of $222,161.50. Following the transaction, the insider now owns 269,515 shares in the company, valued at approximately $7,023,560.90. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

MarineMax stock opened at $24.46 on Friday. The company has a market capitalization of $648.19 million, a P/E ratio of 13.97 and a beta of 0.94. MarineMax Inc has a twelve month low of $16.40 and a twelve month high of $26.11.

MarineMax (NYSE:HZO) last posted its quarterly earnings results on Tuesday, October 30th. The specialty retailer reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.22. The company had revenue of $308.59 million for the quarter, compared to the consensus estimate of $273.60 million. MarineMax had a return on equity of 11.97% and a net margin of 3.34%. The firm’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.22 EPS. As a group, analysts forecast that MarineMax Inc will post 1.92 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. WINTON GROUP Ltd grew its stake in shares of MarineMax by 75.5% in the 2nd quarter. WINTON GROUP Ltd now owns 458,925 shares of the specialty retailer’s stock worth $8,697,000 after buying an additional 197,449 shares during the last quarter. Citadel Advisors LLC boosted its stake in MarineMax by 121.8% during the 2nd quarter. Citadel Advisors LLC now owns 100,684 shares of the specialty retailer’s stock valued at $1,908,000 after purchasing an additional 55,293 shares during the last quarter. Millennium Management LLC purchased a new stake in MarineMax during the 2nd quarter valued at $2,626,000. Hodges Capital Management Inc. boosted its stake in MarineMax by 21.9% during the 2nd quarter. Hodges Capital Management Inc. now owns 128,000 shares of the specialty retailer’s stock valued at $2,426,000 after purchasing an additional 23,000 shares during the last quarter. Finally, AlphaMark Advisors LLC boosted its stake in MarineMax by 42.9% during the 3rd quarter. AlphaMark Advisors LLC now owns 28,572 shares of the specialty retailer’s stock valued at $607,000 after purchasing an additional 8,572 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.

A number of research analysts have weighed in on the company. Citigroup upped their target price on MarineMax from $23.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday. B. Riley upped their target price on MarineMax to $30.00 and gave the stock a “buy” rating in a report on Wednesday, October 31st. Raymond James upped their price target on MarineMax from $24.00 to $28.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 31st. Wedbush upped their price target on MarineMax from $21.00 to $25.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 31st. Finally, CL King downgraded MarineMax from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 31st. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $27.00.

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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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Insider Buying and Selling by Quarter for MarineMax (NYSE:HZO)

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