Wakefield Asset Management LLLP Raises Position in MarineMax Inc (HZO)

Share on StockTwits

Wakefield Asset Management LLLP increased its position in shares of MarineMax Inc (NYSE:HZO) by 37.3% in the 1st quarter, HoldingsChannel reports. The firm owned 27,120 shares of the specialty retailer’s stock after purchasing an additional 7,371 shares during the period. Wakefield Asset Management LLLP’s holdings in MarineMax were worth $520,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gotham Asset Management LLC increased its position in shares of MarineMax by 20.3% during the fourth quarter. Gotham Asset Management LLC now owns 19,316 shares of the specialty retailer’s stock worth $354,000 after purchasing an additional 3,258 shares in the last quarter. MetLife Investment Advisors LLC increased 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 purchasing an additional 6,067 shares in the last quarter. Arizona State Retirement System increased 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 purchasing an additional 2,541 shares in the last quarter. Prudential Financial Inc. increased 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 purchasing an additional 55,079 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of MarineMax during the fourth quarter worth approximately $1,500,000. Hedge funds and other institutional investors own 91.55% of the company’s stock.

Several brokerages recently commented on HZO. ValuEngine upgraded MarineMax from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th. TheStreet upgraded MarineMax from a “c+” rating to a “b-” rating in a report on Friday, January 18th. Northcoast Research restated a “buy” rating on shares of MarineMax in a report on Friday, April 26th. Craig Hallum upgraded MarineMax from a “hold” rating to a “buy” rating and set a $18.39 target price for the company in a report on Friday, February 1st. Finally, Zacks Investment Research cut MarineMax from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $26.34.

Shares of NYSE:HZO opened at $16.82 on Wednesday. The firm has a market capitalization of $450.83 million, a price-to-earnings ratio of 9.89 and a beta of 0.84. MarineMax Inc has a 52-week low of $15.51 and a 52-week high of $26.11.

MarineMax (NYSE:HZO) last issued its earnings results on Thursday, April 25th. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.08). The company had revenue of $303.59 million during the quarter, compared to analysts’ expectations of $290.24 million. MarineMax had a net margin of 3.22% and a return on equity of 10.93%. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.27 earnings per share. As a group, equities research analysts anticipate that MarineMax Inc will post 1.82 earnings per share for the current year.

In other MarineMax news, CEO W Brett Mcgill sold 5,061 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $20.03, for a total value of $101,371.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.50% of the stock is owned by corporate insiders.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by Week Herald and is owned by of Week Herald. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece can be accessed at https://weekherald.com/2019/05/15/wakefield-asset-management-lllp-raises-position-in-marinemax-inc-hzo.html.

MarineMax 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.

Featured Story: How do candlesticks reflect price movement?

Want to see what other hedge funds are holding HZO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MarineMax Inc (NYSE:HZO).

Institutional Ownership by Quarter for MarineMax (NYSE:HZO)

Receive News & Ratings for MarineMax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MarineMax and related companies with MarketBeat.com's FREE daily email newsletter.