William H. Mcgill, Jr. Sells 35,000 Shares of MarineMax, Inc. (HZO) Stock
MarineMax, Inc. (NYSE:HZO) Chairman William H. Mcgill, Jr. sold 35,000 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $22.03, for a total value of $771,050.00. Following the transaction, the chairman now owns 262,142 shares of the company’s stock, valued at $5,774,988.26. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
MarineMax, Inc. (NYSE:HZO) opened at $21.35 on Wednesday. MarineMax, Inc. has a 1-year low of $13.80 and a 1-year high of $23.65. The firm has a market capitalization of $560.62, a PE ratio of 21.19, a PEG ratio of 0.61 and a beta of 1.04.
MarineMax (NYSE:HZO) last released its quarterly earnings data on Tuesday, October 31st. The specialty retailer reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $250.62 million for the quarter, compared to analysts’ expectations of $231.96 million. During the same quarter in the previous year, the business posted $0.18 EPS. MarineMax’s revenue for the quarter was up 10.2% on a year-over-year basis. equities analysts expect that MarineMax, Inc. will post 1.16 earnings per share for the current year.
Several equities analysts have recently issued reports on HZO shares. CL King started coverage on MarineMax in a research report on Monday, November 13th. They set a “neutral” rating for the company. B. Riley reiterated a “buy” rating and set a $19.75 price objective on shares of MarineMax in a report on Thursday, October 26th. Craig Hallum set a $21.00 price objective on MarineMax and gave the company a “buy” rating in a report on Tuesday, October 31st. Forward View cut MarineMax from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Finally, Ifs Securities reiterated a “strong-buy” rating and set a $20.00 price objective on shares of MarineMax in a report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $21.67.
Several large investors have recently added to or reduced their stakes in HZO. BNP Paribas Arbitrage SA lifted its holdings in shares of MarineMax by 58.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,348 shares of the specialty retailer’s stock valued at $144,000 after purchasing an additional 2,699 shares in the last quarter. Boothbay Fund Management LLC bought a new stake in MarineMax in the 3rd quarter valued at approximately $182,000. UBS Group AG lifted its stake in MarineMax by 175.7% in the 1st quarter. UBS Group AG now owns 9,697 shares of the specialty retailer’s stock valued at $210,000 after acquiring an additional 6,180 shares in the last quarter. CAPROCK Group Inc. bought a new stake in MarineMax in the 3rd quarter valued at approximately $213,000. Finally, Crossmark Global Holdings Inc. bought a new stake in MarineMax in the 3rd quarter valued at approximately $232,000. Institutional investors and hedge funds own 98.81% of the company’s stock.
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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.
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