Metropolitan Life Insurance Co. NY grew its holdings in MarineMax Inc (NYSE:HZO) by 355.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,773 shares of the specialty retailer’s stock after purchasing an additional 6,067 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in MarineMax were worth $142,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Pacer Advisors Inc. acquired a new position in MarineMax in the third quarter worth $105,000. Man Group plc raised its position in shares of MarineMax by 245.2% during the third quarter. Man Group plc now owns 97,047 shares of the specialty retailer’s stock worth $2,063,000 after acquiring an additional 68,930 shares during the last quarter. MetLife Investment Advisors LLC raised its position in shares of MarineMax by 47.8% during the third quarter. MetLife Investment Advisors LLC now owns 18,763 shares of the specialty retailer’s stock worth $399,000 after acquiring an additional 6,067 shares during the last quarter. Arizona State Retirement System raised its position in shares of MarineMax by 7.8% during the fourth quarter. Arizona State Retirement System now owns 35,198 shares of the specialty retailer’s stock worth $644,000 after acquiring an additional 2,541 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in shares of MarineMax by 119.7% during the fourth quarter. Prudential Financial Inc. now owns 101,083 shares of the specialty retailer’s stock worth $1,851,000 after acquiring an additional 55,079 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently weighed in on the company. TheStreet upgraded MarineMax from a “c+” rating to a “b-” rating in a research report on Friday, January 18th. ValuEngine upgraded MarineMax from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th. Zacks Investment Research downgraded MarineMax from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. Northcoast Research restated a “buy” rating on shares of MarineMax in a research report on Thursday, March 14th. Finally, Craig Hallum upgraded MarineMax from a “hold” rating to a “buy” rating and set a $18.39 target price for the company in a research report on Friday, February 1st. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $26.34.
MarineMax (NYSE:HZO) last released its quarterly earnings data on Wednesday, January 23rd. The specialty retailer reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.07. The business had revenue of $241.90 million during the quarter, compared to the consensus estimate of $252.03 million. MarineMax had a return on equity of 11.47% and a net margin of 3.38%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.19 earnings per share. On average, equities analysts expect that MarineMax Inc will post 1.95 EPS for the current fiscal year.
In related news, CEO W Brett Mcgill sold 5,061 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $20.03, for a total value of $101,371.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.50% of the company’s stock.
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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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