Global Alpha Capital Management Ltd. raised its position in shares of MarineMax Inc (NYSE:HZO) by 58.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 392,168 shares of the specialty retailer’s stock after purchasing an additional 144,400 shares during the period. MarineMax accounts for approximately 2.0% of Global Alpha Capital Management Ltd.’s holdings, making the stock its 23rd biggest position. Global Alpha Capital Management Ltd. owned approximately 1.45% of MarineMax worth $8,334,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of HZO. Janney Montgomery Scott LLC boosted its stake in MarineMax by 12.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 33,984 shares of the specialty retailer’s stock valued at $644,000 after purchasing an additional 3,722 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in MarineMax during the 2nd quarter valued at about $285,000. AlphaMark Advisors LLC boosted its stake in MarineMax by 100.0% during the 2nd quarter. AlphaMark Advisors LLC now owns 20,000 shares of the specialty retailer’s stock valued at $379,000 after purchasing an additional 10,000 shares during the period. Engineers Gate Manager LP acquired a new position in MarineMax during the 2nd quarter valued at about $306,000. Finally, Strs Ohio acquired a new position in MarineMax during the 2nd quarter valued at about $695,000. 91.21% of the stock is owned by hedge funds and other institutional investors.

In related news, VP Michael H. Mclamb sold 60,000 shares of the stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $23.95, for a total transaction of $1,437,000.00. Following the completion of the sale, the vice president now directly owns 151,818 shares of the company’s stock, valued at $3,636,041.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Joseph Allen Watters sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $22.08, for a total transaction of $220,800.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 145,300 shares of company stock valued at $3,545,513. Company insiders own 5.00% of the company’s stock.

HZO has been the subject of a number of research analyst reports. B. Riley set a $30.00 price target on shares of MarineMax and gave the stock a “buy” rating in a research note on Monday. ValuEngine lowered shares of MarineMax from a “buy” rating to a “hold” rating in a research note on Friday, November 16th. Citigroup upped their price target on shares of MarineMax from $23.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, November 6th. Raymond James upped their price target on shares of MarineMax from $24.00 to $28.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 31st. Finally, Wedbush upped their price target on shares of MarineMax from $21.00 to $25.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 31st. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. MarineMax has a consensus rating of “Buy” and an average target price of $27.00.

Shares of NYSE:HZO opened at $20.91 on Thursday. The company has a market capitalization of $570.47 million, a PE ratio of 12.30 and a beta of 0.91. MarineMax Inc has a twelve month low of $16.40 and a twelve month high of $26.11.

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

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MarineMax 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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Institutional Ownership by Quarter for MarineMax (NYSE:HZO)

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