MarineMax Inc (NYSE:HZO) Shares Bought by Peregrine Capital Management LLC
Peregrine Capital Management LLC increased its holdings in MarineMax Inc (NYSE:HZO) by 1.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 315,878 shares of the specialty retailer’s stock after buying an additional 4,531 shares during the quarter. Peregrine Capital Management LLC owned about 1.47% of MarineMax worth $7,073,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the stock. State Street Corp grew its stake in MarineMax by 10.6% in the 1st quarter. State Street Corp now owns 787,188 shares of the specialty retailer’s stock valued at $8,202,000 after acquiring an additional 75,570 shares during the period. JPMorgan Chase & Co. lifted its stake in MarineMax by 96.9% during the first quarter. JPMorgan Chase & Co. now owns 138,095 shares of the specialty retailer’s stock worth $1,439,000 after purchasing an additional 67,962 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in MarineMax by 825.0% during the first quarter. BNP Paribas Arbitrage SA now owns 44,151 shares of the specialty retailer’s stock worth $460,000 after purchasing an additional 39,378 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in MarineMax during the first quarter worth approximately $352,000. Finally, FDx Advisors Inc. purchased a new stake in MarineMax in the first quarter valued at approximately $34,000. Institutional investors own 83.16% of the company’s stock.
HZO has been the subject of a number of recent research reports. ValuEngine upgraded MarineMax from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 23rd. TheStreet upgraded MarineMax from a “c+” rating to a “b-” rating in a research note on Monday, July 20th. Raymond James raised their price objective on MarineMax from $23.50 to $31.50 and gave the company an “outperform” rating in a research note on Friday, July 24th. B. Riley restated a “buy” rating and set a $28.00 price objective on shares of MarineMax in a research note on Wednesday, July 1st. Finally, Northcoast Research restated a “buy” rating on shares of MarineMax in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $24.30.
Shares of NYSE HZO traded down $2.01 during mid-day trading on Friday, reaching $27.74. The company had a trading volume of 710,960 shares, compared to its average volume of 380,755. The company has a current ratio of 1.77, a quick ratio of 0.62 and a debt-to-equity ratio of 0.08. The stock has a market cap of $600.02 million, a PE ratio of 10.96 and a beta of 1.85. The company has a 50-day moving average price of $23.56 and a two-hundred day moving average price of $17.74. MarineMax Inc has a 1-year low of $7.24 and a 1-year high of $30.45.
MarineMax (NYSE:HZO) last issued its earnings results on Thursday, July 23rd. The specialty retailer reported $1.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.86. MarineMax had a return on equity of 14.68% and a net margin of 3.93%. The business had revenue of $498.30 million for the quarter, compared to analysts’ expectations of $414.69 million. During the same period in the previous year, the firm posted $0.84 EPS. The company’s quarterly revenue was up 29.9% on a year-over-year basis. On average, research analysts expect that MarineMax Inc will post 2.54 EPS for the current year.
MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. The company sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; fishing boats; motor and convertible yachts; pontoon boats; fishing boats; ski boats; and jet boats.
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