Arizona State Retirement System Trims Holdings in MarineMax Inc (NYSE:HZO)

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Arizona State Retirement System decreased its holdings in MarineMax Inc (NYSE:HZO) by 43.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,307 shares of the specialty retailer’s stock after selling 11,124 shares during the period. Arizona State Retirement System’s holdings in MarineMax were worth $239,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Barclays PLC increased its stake in MarineMax by 23.1% in the third quarter. Barclays PLC now owns 68,144 shares of the specialty retailer’s stock worth $1,056,000 after purchasing an additional 12,774 shares during the period. Advisors Preferred LLC purchased a new stake in MarineMax in the fourth quarter worth $33,000. Municipal Employees Retirement System of Michigan increased its stake in MarineMax by 15.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 57,550 shares of the specialty retailer’s stock worth $891,000 after purchasing an additional 7,800 shares during the period. Rhumbline Advisers increased its stake in MarineMax by 3.4% in the third quarter. Rhumbline Advisers now owns 82,710 shares of the specialty retailer’s stock worth $1,280,000 after purchasing an additional 2,729 shares during the period. Finally, Granahan Investment Management Inc. MA increased its stake in MarineMax by 8.3% in the third quarter. Granahan Investment Management Inc. MA now owns 585,887 shares of the specialty retailer’s stock worth $9,070,000 after purchasing an additional 44,809 shares during the period. Institutional investors and hedge funds own 83.16% of the company’s stock.

In other MarineMax news, EVP Charles A. Cashman sold 2,656 shares of MarineMax stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $21.75, for a total value of $57,768.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Joseph Allen Watters sold 10,000 shares of MarineMax stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $16.12, for a total value of $161,200.00. In the last 90 days, insiders have sold 20,156 shares of company stock worth $377,968. Insiders own 4.80% of the company’s stock.

Shares of MarineMax stock opened at $20.81 on Friday. The firm has a market cap of $443.87 million, a P/E ratio of 11.63 and a beta of 1.06. The company has a current ratio of 1.39, a quick ratio of 0.20 and a debt-to-equity ratio of 0.10. MarineMax Inc has a 12 month low of $13.73 and a 12 month high of $23.15. The stock’s fifty day moving average price is $18.52 and its 200-day moving average price is $16.37.

MarineMax (NYSE:HZO) last announced its quarterly earnings results on Thursday, January 23rd. The specialty retailer reported $0.41 EPS for the quarter, beating the consensus estimate of $0.07 by $0.34. The firm had revenue of $304.20 million for the quarter, compared to analyst estimates of $260.33 million. MarineMax had a return on equity of 11.22% and a net margin of 3.09%. The business’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 earnings per share. Analysts forecast that MarineMax Inc will post 1.91 earnings per share for the current year.

A number of analysts have weighed in on HZO shares. Zacks Investment Research upgraded MarineMax from a “hold” rating to a “strong-buy” rating and set a $25.00 target price on the stock in a research note on Tuesday, January 28th. TheStreet upgraded MarineMax from a “c+” rating to a “b” rating in a research note on Thursday, January 23rd. ValuEngine lowered MarineMax from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. B. Riley restated a “buy” rating and set a $24.00 price target on shares of MarineMax in a research note on Friday, January 24th. Finally, SunTrust Banks restated a “buy” rating and set a $26.00 price target on shares of MarineMax in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. MarineMax has an average rating of “Buy” and an average target price of $22.80.

About MarineMax

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.

Read More: What Does a Sell-Side Analyst Rating Mean?

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Institutional Ownership by Quarter for MarineMax (NYSE:HZO)

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