Two Sigma Advisers LP Takes Position in MarineMax Inc (HZO)
Two Sigma Advisers LP bought a new position in MarineMax Inc (NYSE:HZO) in the fourth quarter, Holdings Channel reports. The fund bought 62,527 shares of the specialty retailer’s stock, valued at approximately $1,145,000.
A number of other large investors also recently bought and sold shares of the business. SG Americas Securities LLC bought a new stake in shares of MarineMax during the third quarter valued at approximately $128,000. Prudential Financial Inc. grew its position in MarineMax by 21.9% in the third quarter. Prudential Financial Inc. now owns 46,004 shares of the specialty retailer’s stock valued at $978,000 after acquiring an additional 8,260 shares in the last quarter. Bank of New York Mellon Corp grew its position in MarineMax by 14.5% in the third quarter. Bank of New York Mellon Corp now owns 299,257 shares of the specialty retailer’s stock valued at $6,359,000 after acquiring an additional 37,843 shares in the last quarter. BlackRock Inc. grew its position in MarineMax by 12.6% in the third quarter. BlackRock Inc. now owns 3,503,906 shares of the specialty retailer’s stock valued at $74,458,000 after acquiring an additional 393,107 shares in the last quarter. Finally, American International Group Inc. grew its position in MarineMax by 20.4% in the third quarter. American International Group Inc. now owns 20,016 shares of the specialty retailer’s stock valued at $425,000 after acquiring an additional 3,397 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.
Several analysts have issued reports on the stock. ValuEngine raised shares of MarineMax from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th. Zacks Investment Research downgraded shares of MarineMax from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. Northcoast Research reissued a “buy” rating on shares of MarineMax in a research report on Thursday, March 14th. Craig Hallum raised shares of MarineMax from a “hold” rating to a “buy” rating and set a $18.39 price target for the company in a research report on Friday, February 1st. Finally, TheStreet raised shares of MarineMax from a “c+” rating to a “b-” rating in a research report on Friday, January 18th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. MarineMax has an average rating of “Buy” and a consensus price target of $26.34.
MarineMax (NYSE:HZO) last released its quarterly earnings results on Wednesday, January 23rd. The specialty retailer reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.07. MarineMax had a net margin of 3.38% and a return on equity of 11.47%. The business had revenue of $241.90 million during the quarter, compared to the consensus estimate of $252.03 million. During the same quarter last year, the company earned $0.19 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. Research analysts expect that MarineMax Inc will post 1.95 EPS for the current fiscal year.
In other MarineMax news, CEO W Brett Mcgill sold 5,061 shares of MarineMax stock in a transaction on Friday, March 1st. The shares were sold at an average price of $20.03, for a total value of $101,371.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.40% of the company’s stock.
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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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