ValuEngine downgraded shares of MarineMax (NYSE:HZO) from a buy rating to a hold rating in a research note issued to investors on Friday.
HZO has been the topic of a number of other reports. Wedbush cut their price target on MarineMax from $24.00 to $21.00 and set a neutral rating on the stock in a report on Friday, July 27th. CL King cut MarineMax from a buy rating to a neutral rating in a report on Wednesday, October 31st. Citigroup cut their price target on MarineMax from $28.00 to $23.00 and set a buy rating on the stock in a report on Wednesday, August 15th. Ifs Securities restated a buy rating and set a $31.00 price target on shares of MarineMax in a report on Tuesday, October 30th. Finally, Zacks Investment Research upgraded MarineMax from a hold rating to a buy rating and set a $23.00 price target on the stock in a report on Thursday, October 18th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and an average price target of $27.00.
Shares of HZO stock opened at $22.72 on Friday. MarineMax has a one year low of $16.40 and a one year high of $26.11. The company has a market capitalization of $617.16 million, a P/E ratio of 13.25 and a beta of 0.94.
In other MarineMax news, insider William H. Mcgill, Jr. sold 8,525 shares of the stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $26.06, for a total transaction of $222,161.50. Following the transaction, the insider now directly owns 269,515 shares in the company, valued at approximately $7,023,560.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dean S. Woodman sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $25.97, for a total value of $259,700.00. Following the transaction, the director now owns 23,844 shares in the company, valued at $619,228.68. The disclosure for this sale can be found here. Insiders have sold a total of 135,300 shares of company stock worth $3,324,713 over the last 90 days. Company insiders own 4.40% of the company’s stock.
Several large investors have recently modified their holdings of HZO. Pacer Advisors Inc. acquired a new position in shares of MarineMax during the third quarter worth approximately $105,000. SG Americas Securities LLC acquired a new position in shares of MarineMax during the third quarter worth approximately $128,000. Louisiana State Employees Retirement System acquired a new position in shares of MarineMax during the second quarter worth approximately $190,000. Trexquant Investment LP acquired a new position in shares of MarineMax during the second quarter worth approximately $202,000. Finally, Globeflex Capital L P acquired a new position in shares of MarineMax during the third quarter worth approximately $259,000. 92.87% of the stock is currently owned by institutional investors.
MarineMax Company Profile
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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