Walthausen & Co. LLC increased its stake in shares of MarineMax Inc (NYSE:HZO) by 7.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,510 shares of the specialty retailer’s stock after buying an additional 5,840 shares during the quarter. Walthausen & Co. LLC owned 0.39% of MarineMax worth $1,410,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. Acadian Asset Management LLC purchased a new position in MarineMax in the fourth quarter worth $28,000. Aigen Investment Management LP acquired a new stake in MarineMax during the fourth quarter worth about $30,000. Advisors Preferred LLC acquired a new stake in MarineMax during the fourth quarter worth about $33,000. Bank of Montreal Can boosted its stake in MarineMax by 30.7% during the fourth quarter. Bank of Montreal Can now owns 3,466 shares of the specialty retailer’s stock worth $57,000 after buying an additional 814 shares during the period. Finally, Jane Street Group LLC purchased a new position in MarineMax during the fourth quarter worth about $254,000. Institutional investors and hedge funds own 83.16% of the company’s stock.
Several brokerages have commented on HZO. ValuEngine upgraded shares of MarineMax from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. TheStreet raised MarineMax from a “c+” rating to a “b” rating in a report on Thursday, January 23rd. SunTrust Banks reissued a “buy” rating and set a $26.00 price objective on shares of MarineMax in a report on Friday, January 24th. Zacks Investment Research raised MarineMax from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective on the stock in a report on Tuesday, January 28th. Finally, B. Riley cut their price objective on MarineMax from $26.50 to $13.50 and set a “buy” rating on the stock in a report on Monday. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $21.08.
Shares of NYSE:HZO traded up $0.63 during trading on Thursday, reaching $10.11. 238,501 shares of the stock traded hands, compared to its average volume of 283,595. The stock has a 50-day moving average of $16.04 and a two-hundred day moving average of $16.43. MarineMax Inc has a 52-week low of $7.24 and a 52-week high of $23.15. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.20 and a current ratio of 1.39. The stock has a market cap of $209.70 million, a P/E ratio of 5.65 and a beta of 1.16.
MarineMax (NYSE:HZO) last announced its quarterly earnings data on Thursday, January 23rd. The specialty retailer reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.34. MarineMax had a net margin of 3.09% and a return on equity of 11.22%. The firm had revenue of $304.20 million for the quarter, compared to the consensus estimate of $260.33 million. During the same period last year, the firm earned $0.21 EPS. The company’s revenue was up 25.8% on a year-over-year basis. Sell-side analysts expect that MarineMax Inc will post 1.91 earnings per share for the current year.
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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