Jennison Associates LLC Reduces Position in MarineMax, Inc. (NYSE:HZO)

Jennison Associates LLC decreased its stake in shares of MarineMax, Inc. (NYSE:HZO) by 1.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,856 shares of the specialty retailer’s stock after selling 222 shares during the period. Jennison Associates LLC owned 0.09% of MarineMax worth $915,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Mutual of America Capital Management LLC grew its position in shares of MarineMax by 6.5% in the second quarter. Mutual of America Capital Management LLC now owns 3,150 shares of the specialty retailer’s stock valued at $154,000 after purchasing an additional 193 shares during the period. PNC Financial Services Group Inc. grew its position in shares of MarineMax by 15.6% in the third quarter. PNC Financial Services Group Inc. now owns 1,675 shares of the specialty retailer’s stock valued at $81,000 after purchasing an additional 226 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in MarineMax by 2.3% in the second quarter. The Manufacturers Life Insurance Company now owns 12,272 shares of the specialty retailer’s stock valued at $598,000 after acquiring an additional 281 shares during the last quarter. FMR LLC boosted its holdings in MarineMax by 129.0% in the second quarter. FMR LLC now owns 561 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 316 shares during the last quarter. Finally, Islay Capital Management LLC boosted its holdings in MarineMax by 16.6% in the third quarter. Islay Capital Management LLC now owns 2,347 shares of the specialty retailer’s stock valued at $114,000 after acquiring an additional 334 shares during the last quarter. 98.61% of the stock is owned by institutional investors and hedge funds.

Shares of HZO opened at $51.25 on Friday. The stock’s 50-day moving average is $55.91 and its two-hundred day moving average is $51.96. The stock has a market cap of $1.13 billion, a PE ratio of 7.57 and a beta of 1.71. MarineMax, Inc. has a 12 month low of $39.63 and a 12 month high of $70.89. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.06 and a quick ratio of 1.14.

MarineMax (NYSE:HZO) last issued its quarterly earnings data on Tuesday, October 26th. The specialty retailer reported $1.45 EPS for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.28. The company had revenue of $462.31 million for the quarter, compared to analysts’ expectations of $512.36 million. MarineMax had a return on equity of 28.52% and a net margin of 7.51%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.19 earnings per share. On average, research analysts anticipate that MarineMax, Inc. will post 7.43 earnings per share for the current year.

In related news, Director Hilliard M. Eure sold 1,200 shares of the business’s stock in a transaction dated Monday, January 3rd. The stock was sold at an average price of $60.12, for a total value of $72,144.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Anthony E. Jr. Cassella sold 904 shares of the business’s stock in a transaction dated Friday, December 10th. The stock was sold at an average price of $57.07, for a total value of $51,591.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,804 shares of company stock worth $1,026,081. 2.60% of the stock is currently owned by insiders.

HZO has been the topic of a number of research analyst reports. Raymond James lifted their target price on MarineMax from $63.00 to $67.00 and gave the company an “outperform” rating in a report on Wednesday, October 27th. B. Riley lifted their target price on MarineMax from $65.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, October 27th. Finally, Zacks Investment Research cut MarineMax from a “buy” rating to a “hold” rating in a report on Wednesday, January 5th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $59.00.

MarineMax Profile

MarineMax, Inc engages in the provision of boating-related activities. The firm sells used and new sport boats, sport cruisers, sport yachts and fishing boats through retail stores. It also provides maintenance, repair, slip and storage services. The company was founded in January 1998 and is headquartered in Clearwater, FL.

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Institutional Ownership by Quarter for MarineMax (NYSE:HZO)

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