ValuEngine lowered shares of MarineMax (NYSE:HZO) from a hold rating to a sell rating in a research note published on Tuesday morning.
HZO has been the subject of a number of other reports. Zacks Investment Research lowered MarineMax from a strong-buy rating to a hold rating in a report on Tuesday, April 3rd. B. Riley increased their price objective on MarineMax from $26.75 to $29.00 and gave the stock a buy rating in a report on Friday, April 27th. Finally, Craig Hallum set a $27.00 price objective on MarineMax and gave the stock a buy rating in a report on Thursday, April 26th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Hold and an average price target of $23.25.
Shares of MarineMax opened at $19.30 on Tuesday, Marketbeat.com reports. MarineMax has a 12-month low of $13.80 and a 12-month high of $25.05. The company has a market capitalization of $500.68 million, a P/E ratio of 19.30 and a beta of 1.11.
In other MarineMax news, VP Michael H. Mclamb sold 41,378 shares of the stock in a transaction on Thursday, April 26th. The stock was sold at an average price of $21.65, for a total transaction of $895,833.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Michael H. Mclamb sold 25,000 shares of the stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $24.07, for a total value of $601,750.00. Following the transaction, the vice president now directly owns 99,696 shares of the company’s stock, valued at $2,399,682.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 132,354 shares of company stock valued at $3,009,610. 5.00% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of HZO. Landscape Capital Management L.L.C. bought a new position in MarineMax during the 4th quarter valued at $192,000. AlphaMark Advisors LLC bought a new position in MarineMax during the 1st quarter valued at $195,000. Gotham Asset Management LLC bought a new position in MarineMax during the 4th quarter valued at $236,000. MetLife Investment Advisors LLC bought a new position in MarineMax during the 4th quarter valued at $240,000. Finally, Hsbc Holdings PLC bought a new position in MarineMax during the 1st quarter valued at $241,000. 93.33% of the stock is owned by hedge funds and other institutional investors.
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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