Gotham Asset Management LLC Boosts Holdings in MarineMax Inc (NYSE:HZO)

Gotham Asset Management LLC grew its stake in shares of MarineMax Inc (NYSE:HZO) by 20.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 19,316 shares of the specialty retailer’s stock after acquiring an additional 3,258 shares during the period. Gotham Asset Management LLC owned about 0.07% of MarineMax worth $354,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of MarineMax in the third quarter valued at approximately $128,000. Prudential Financial Inc. boosted its stake in shares of 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 buying an additional 8,260 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of 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 buying an additional 37,843 shares in the last quarter. BlackRock Inc. boosted its stake in shares of 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 buying an additional 393,107 shares in the last quarter. Finally, American International Group Inc. boosted its stake in shares of 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 buying an additional 3,397 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

In related news, CEO W Brett Mcgill sold 5,061 shares of MarineMax stock in a transaction on Friday, March 1st. The stock was sold at an average price of $20.03, for a total transaction of $101,371.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.40% of the company’s stock.

A number of research firms recently weighed in on HZO. ValuEngine downgraded MarineMax from a “sell” rating to a “strong sell” rating in a research note on Thursday. TheStreet upgraded MarineMax from a “c+” rating to a “b-” rating in a research note on Friday, January 18th. Zacks Investment Research downgraded MarineMax from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. Northcoast Research restated a “buy” rating on shares of MarineMax in a research note on Thursday, March 14th. Finally, Craig Hallum raised MarineMax from a “hold” rating to a “buy” rating and set a $18.39 price objective for the company in a report on Friday, February 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. MarineMax presently has a consensus rating of “Buy” and an average price target of $26.34.

Shares of HZO stock opened at $16.53 on Friday. The firm has a market cap of $377.50 million, a P/E ratio of 9.72 and a beta of 0.90. MarineMax Inc has a 1 year low of $15.51 and a 1 year high of $26.11.

MarineMax (NYSE:HZO) last issued its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.08). The firm had revenue of $303.59 million for the quarter, compared to analyst estimates of $290.24 million. MarineMax had a return on equity of 11.47% and a net margin of 3.38%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.27 earnings per share. Analysts predict that MarineMax Inc will post 1.95 EPS for the current year.

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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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