William H. Mcgill, Jr. Sells 5,400 Shares of MarineMax, Inc. (HZO) Stock
MarineMax, Inc. (NYSE:HZO) CEO William H. Mcgill, Jr. sold 5,400 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $22.00, for a total value of $118,800.00. Following the completion of the sale, the chief executive officer now directly owns 262,142 shares of the company’s stock, valued at approximately $5,767,124. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
MarineMax, Inc. (HZO) remained flat at $$21.40 during mid-day trading on Monday. The company’s stock had a trading volume of 259,875 shares, compared to its average volume of 306,206. The company has a market cap of $507.94, a price-to-earnings ratio of 21.19, a PEG ratio of 0.61 and a beta of 1.04. MarineMax, Inc. has a 1-year low of $13.80 and a 1-year high of $23.65.
MarineMax (NYSE:HZO) last posted its earnings results on Tuesday, October 31st. The specialty retailer reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.11. The company had revenue of $250.62 million during the quarter, compared to analysts’ expectations of $231.96 million. MarineMax had a return on equity of 7.82% and a net margin of 2.24%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.18 earnings per share. analysts predict that MarineMax, Inc. will post 1.16 EPS for the current fiscal year.
HZO has been the subject of several recent research reports. B. Riley reaffirmed a “buy” rating and issued a $19.75 price target on shares of MarineMax in a report on Thursday, October 26th. Citigroup increased their price target on MarineMax from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, October 2nd. Craig Hallum set a $21.00 price target 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, CL King initiated coverage on MarineMax in a report on Monday, November 13th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $21.67.
Hedge funds have recently bought and sold shares of the business. BNP Paribas Arbitrage SA increased its stake in MarineMax by 58.1% during the second quarter. BNP Paribas Arbitrage SA now owns 7,348 shares of the specialty retailer’s stock worth $144,000 after acquiring an additional 2,699 shares during the last quarter. Boothbay Fund Management LLC acquired a new stake in MarineMax during the third quarter worth $182,000. UBS Group AG increased its stake in MarineMax by 175.7% during the first quarter. UBS Group AG now owns 9,697 shares of the specialty retailer’s stock worth $210,000 after acquiring an additional 6,180 shares during the last quarter. CAPROCK Group Inc. acquired a new stake in MarineMax during the third quarter worth $213,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in MarineMax during the third quarter worth $232,000. 98.81% of the stock is owned by institutional investors.
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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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