California State Teachers Retirement System Has $660,000 Stake in MarineMax Inc (HZO)

California State Teachers Retirement System lessened its stake in shares of MarineMax Inc (NYSE:HZO) by 10.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,863 shares of the specialty retailer’s stock after selling 4,673 shares during the quarter. California State Teachers Retirement System’s holdings in MarineMax were worth $660,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted its stake in shares of MarineMax by 4.7% during the third quarter. Schwab Charles Investment Management Inc. now owns 118,179 shares of the specialty retailer’s stock valued at $1,956,000 after purchasing an additional 5,258 shares during the period. Wells Fargo & Company MN boosted its stake in shares of MarineMax by 11.4% during the third quarter. Wells Fargo & Company MN now owns 90,819 shares of the specialty retailer’s stock valued at $1,504,000 after purchasing an additional 9,317 shares during the period. Citadel Advisors LLC boosted its stake in shares of MarineMax by 67.1% during the third quarter. Citadel Advisors LLC now owns 46,035 shares of the specialty retailer’s stock valued at $762,000 after purchasing an additional 18,480 shares during the period. Fuller & Thaler Asset Management Inc. bought a new position in shares of MarineMax during the third quarter valued at approximately $4,065,000. Finally, Macquarie Group Ltd. raised its holdings in shares of MarineMax by 0.6% during the third quarter. Macquarie Group Ltd. now owns 1,185,217 shares of the specialty retailer’s stock valued at $19,615,000 after acquiring an additional 7,492 shares in the last quarter. 86.84% of the stock is owned by hedge funds and other institutional investors.

MarineMax Inc (HZO) opened at $21.10 on Friday. The company has a market capitalization of $569.76, a P/E ratio of 20.49, a P/E/G ratio of 0.52 and a beta of 0.98. MarineMax Inc has a twelve month low of $13.80 and a twelve month high of $24.30.

MarineMax (NYSE:HZO) last announced its earnings results on Wednesday, January 24th. The specialty retailer reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.24. The company had revenue of $236.92 million during the quarter, compared to the consensus estimate of $231.75 million. MarineMax had a return on equity of 8.63% and a net margin of 2.36%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 earnings per share. equities analysts forecast that MarineMax Inc will post 1.48 earnings per share for the current fiscal year.

A number of equities analysts recently commented on the company. TheStreet downgraded MarineMax from a “b” rating to a “c+” rating in a report on Friday, January 5th. CL King upgraded MarineMax from a “neutral” rating to a “buy” rating in a report on Thursday, January 25th. B. Riley restated a “buy” rating and set a $22.00 target price on shares of MarineMax in a report on Monday, January 22nd. Forward View downgraded MarineMax from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Finally, Northcoast Research set a $26.00 target price on MarineMax and gave the company a “buy” rating in a report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $22.00.

In other MarineMax news, VP Michael H. Mclamb sold 10,000 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $21.10, for a total value of $211,000.00. Following the completion of the transaction, the vice president now owns 21,500 shares in the company, valued at $453,650. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Paulee C. Day sold 5,000 shares of the stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $24.16, for a total value of $120,800.00. Following the completion of the transaction, the executive vice president now owns 29,675 shares of the company’s stock, valued at approximately $716,948. The disclosure for this sale can be found here. In the last quarter, insiders sold 151,900 shares of company stock valued at $3,384,240. 5.00% of the stock is owned by corporate insiders.

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MarineMax Profile

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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Institutional Ownership by Quarter for MarineMax (NYSE:HZO)

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