MarineMax Inc (NYSE:HZO) was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totalling 1,852,000 shares, a decrease of 11.7% from the May 30th total of 2,098,200 shares. Approximately 8.4% of the shares of the company are sold short. Based on an average daily trading volume, of 312,500 shares, the days-to-cover ratio is currently 5.9 days.
Several hedge funds and other institutional investors have recently modified their holdings of HZO. Cortina Asset Management LLC lifted its position in MarineMax by 13.2% during the 2nd quarter. Cortina Asset Management LLC now owns 427,072 shares of the specialty retailer’s stock worth $7,021,000 after acquiring an additional 49,738 shares during the period. Marshall Wace North America L.P. raised its stake in shares of MarineMax by 30.0% during the 1st quarter. Marshall Wace North America L.P. now owns 10,196 shares of the specialty retailer’s stock valued at $196,000 after buying an additional 2,355 shares during the last quarter. Marshall Wace LLP raised its stake in shares of MarineMax by 1,066.9% during the 1st quarter. Marshall Wace LLP now owns 127,585 shares of the specialty retailer’s stock valued at $2,445,000 after buying an additional 116,651 shares during the last quarter. Hancock Whitney Corp purchased a new position in shares of MarineMax during the 1st quarter valued at about $987,000. Finally, Kennedy Capital Management Inc. raised its stake in shares of MarineMax by 105.7% during the 1st quarter. Kennedy Capital Management Inc. now owns 79,462 shares of the specialty retailer’s stock valued at $1,522,000 after buying an additional 40,836 shares during the last quarter. Hedge funds and other institutional investors own 91.93% of the company’s stock.
A number of equities analysts have recently weighed in on HZO shares. Northcoast Research reaffirmed a “buy” rating on shares of MarineMax in a research note on Friday, April 26th. ValuEngine raised YPF from a “sell” rating to a “hold” rating in a research note on Monday, June 24th. Zacks Investment Research lowered Green Plains from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 27th. Finally, TheStreet raised WillScot from a “d-” rating to a “c-” rating in a research note on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $26.34.
MarineMax (NYSE:HZO) last issued its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.08). MarineMax had a return on equity of 10.93% and a net margin of 3.22%. The business had revenue of $303.59 million during the quarter, compared to analysts’ expectations of $290.24 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, equities analysts expect that MarineMax will post 1.79 EPS for the current fiscal year.
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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