Media coverage about MarineMax (NYSE:HZO) has trended somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. MarineMax earned a news impact score of 0.11 on Accern’s scale. Accern also gave news headlines about the specialty retailer an impact score of 45.8673351344195 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- MarineMax severs ties with its top lawyer (bizjournals.com)
- MarineMax (HZO) Rating Lowered to Sell at BidaskClub (americanbankingnews.com)
- Critical Review: U.S. Auto Parts (PRTS) versus MarineMax (HZO) (americanbankingnews.com)
- MarineMax Inc (HZO) Expected to Post Quarterly Sales of $261.38 Million (americanbankingnews.com)
- MarineMax Inc (HZO) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
NYSE:HZO traded up $0.30 during trading hours on Tuesday, reaching $18.85. 123,280 shares of the company traded hands, compared to its average volume of 320,961. The stock has a market capitalization of $494.33, a price-to-earnings ratio of 18.85, a PEG ratio of 0.42 and a beta of 1.06. MarineMax has a 1 year low of $13.80 and a 1 year high of $24.30.
A number of brokerages have issued reports on HZO. TheStreet cut MarineMax from a “b” rating to a “c+” rating in a research note on Friday, January 5th. B. Riley reiterated a “buy” rating and set a $22.00 price objective on shares of MarineMax in a research note on Monday, January 22nd. Northcoast Research set a $26.00 price objective on MarineMax and gave the company a “buy” rating in a research note on Wednesday, January 24th. CL King upgraded MarineMax from a “neutral” rating to a “buy” rating in a research note on Thursday, January 25th. Finally, Zacks Investment Research cut MarineMax from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $22.00.
In other MarineMax news, Director Joseph Allen Watters sold 2,500 shares of MarineMax stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $21.20, for a total value of $53,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO W Brett Mcgill sold 10,000 shares of MarineMax stock in a transaction on Friday, February 9th. The stock was sold at an average price of $21.26, for a total value of $212,600.00. Following the completion of the sale, the chief operating officer now directly owns 11,866 shares of the company’s stock, valued at approximately $252,271.16. The disclosure for this sale can be found here. In the last three months, insiders sold 67,500 shares of company stock valued at $1,566,400. Corporate insiders own 4.40% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Somewhat Positive Press Coverage Somewhat Unlikely to Affect MarineMax (HZO) Share Price” was reported by Week Herald and is owned by of Week Herald. If you are reading this piece on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://weekherald.com/2018/04/17/somewhat-positive-press-coverage-somewhat-unlikely-to-affect-marinemax-hzo-share-price.html.
MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. It sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; motor yachts; convertible yachts; pleasure boats; pontoon boats; fishing boats; ski boats; and jet boats.
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