Hodges Capital Management Inc. Decreases Stake in MarineMax Inc (HZO)

Hodges Capital Management Inc. decreased its position in MarineMax Inc (NYSE:HZO) by 37.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 80,000 shares of the specialty retailer’s stock after selling 48,000 shares during the quarter. Hodges Capital Management Inc. owned about 0.30% of MarineMax worth $1,700,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Intrinsic Edge Capital Management LLC grew its position in MarineMax by 265.5% during the second quarter. Intrinsic Edge Capital Management LLC now owns 361,033 shares of the specialty retailer’s stock worth $6,842,000 after buying an additional 262,266 shares in the last quarter. WINTON GROUP Ltd grew its position in MarineMax by 75.5% during the second quarter. WINTON GROUP Ltd now owns 458,925 shares of the specialty retailer’s stock worth $8,697,000 after buying an additional 197,449 shares in the last quarter. BlackRock Inc. grew its position in MarineMax by 6.3% during the second quarter. BlackRock Inc. now owns 3,110,799 shares of the specialty retailer’s stock worth $58,949,000 after buying an additional 183,082 shares in the last quarter. Millennium Management LLC acquired a new stake in MarineMax during the second quarter worth approximately $2,626,000. Finally, Royce & Associates LP grew its position in MarineMax by 31.7% during the second quarter. Royce & Associates LP now owns 378,100 shares of the specialty retailer’s stock worth $7,165,000 after buying an additional 91,000 shares in the last quarter. 89.20% of the stock is currently owned by institutional investors.

HZO has been the topic of a number of analyst reports. ValuEngine raised MarineMax from a “sell” rating to a “hold” rating in a research report on Thursday, July 19th. B. Riley raised MarineMax from a “neutral” rating to a “buy” rating and increased their price target for the stock from $23.50 to $27.00 in a research report on Friday, July 27th. Wedbush reduced their price target on MarineMax from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, July 27th. Zacks Investment Research downgraded MarineMax from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. Finally, Citigroup reduced their price target on MarineMax from $28.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, August 15th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $24.71.



In other MarineMax news, Director Joseph Allen Watters sold 2,500 shares of the firm’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $21.17, for a total value of $52,925.00. Following the sale, the director now owns 62,413 shares of the company’s stock, valued at approximately $1,321,283.21. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 4.40% of the company’s stock.

Shares of HZO stock opened at $22.00 on Wednesday. The firm has a market capitalization of $509.21 million, a price-to-earnings ratio of 22.00 and a beta of 1.30. MarineMax Inc has a fifty-two week low of $16.40 and a fifty-two week high of $25.05.

MarineMax (NYSE:HZO) last issued its earnings results on Tuesday, October 30th. The specialty retailer reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.22. The firm had revenue of $308.59 million for the quarter, compared to the consensus estimate of $273.60 million. MarineMax had a return on equity of 10.83% and a net margin of 2.83%. The company’s revenue was up 23.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 EPS. Equities research analysts expect that MarineMax Inc will post 1.51 earnings per share for the current year.

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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Institutional Ownership by Quarter for MarineMax (NYSE:HZO)

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