State of Alaska Department of Revenue raised its stake in MarineMax, Inc. (NYSE:HZO) by 2.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,235 shares of the specialty retailer’s stock after buying an additional 490 shares during the period. State of Alaska Department of Revenue owned approximately 0.09% of MarineMax worth $519,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Public Employees Retirement System of Ohio increased its holdings in MarineMax by 85.8% in the second quarter. Public Employees Retirement System of Ohio now owns 1,206 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 557 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in MarineMax by 3.5% in the second quarter. Great West Life Assurance Co. Can now owns 25,985 shares of the specialty retailer’s stock valued at $582,000 after buying an additional 867 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in MarineMax by 5.3% in the first quarter. Thrivent Financial for Lutherans now owns 17,981 shares of the specialty retailer’s stock valued at $187,000 after buying an additional 897 shares in the last quarter. Legal & General Group Plc increased its holdings in MarineMax by 2.0% in the first quarter. Legal & General Group Plc now owns 56,771 shares of the specialty retailer’s stock valued at $591,000 after buying an additional 1,088 shares in the last quarter. Finally, Private Advisor Group LLC purchased a new position in MarineMax in the second quarter valued at about $26,000.

Shares of NYSE HZO opened at $29.24 on Friday. MarineMax, Inc. has a 1 year low of $7.24 and a 1 year high of $34.06. The firm’s 50 day moving average price is $26.48 and its 200 day moving average price is $22.09. The firm has a market cap of $632.40 million, a P/E ratio of 11.56 and a beta of 1.91.

MarineMax (NYSE:HZO) last announced 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 net margin of 3.93% and a return on equity of 14.68%. The firm had revenue of $498.30 million for the quarter, compared to analyst estimates of $414.69 million. During the same quarter last year, the business earned $0.84 earnings per share. MarineMax’s revenue was up 29.9% compared to the same quarter last year. Analysts anticipate that MarineMax, Inc. will post 2.61 EPS for the current fiscal year.

Several analysts have recently commented on HZO shares. Wolfe Research started coverage on shares of MarineMax in a research report on Tuesday, September 22nd. They issued an “outperform” rating and a $29.00 price target on the stock. B. Riley increased their price target on shares of MarineMax from $33.00 to $34.00 in a research report on Thursday. Craig Hallum increased their price target on shares of MarineMax from $16.00 to $24.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Raymond James reiterated a “buy” rating on shares of MarineMax in a research report on Thursday, October 1st. Finally, TheStreet upgraded shares of MarineMax from a “c+” rating to a “b-” rating in a research report on Monday, July 20th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $27.92.

In other MarineMax news, CFO Michael H. Mclamb sold 10,000 shares of the stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $25.87, for a total transaction of $258,700.00. Following the transaction, the chief financial officer now owns 97,840 shares of the company’s stock, valued at $2,531,120.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman William H. Mcgill, Jr. sold 20,000 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $32.06, for a total transaction of $641,200.00. In the last 90 days, insiders have sold 73,335 shares of company stock worth $2,209,691. 4.40% of the stock is owned by company insiders.

MarineMax Company Profile

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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Institutional Ownership by Quarter for MarineMax (NYSE:HZO)

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