Eagle Asset Management Inc. raised its stake in MarineMax, Inc. (NYSE:HZO) by 4.6% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 3,330,527 shares of the specialty retailer’s stock after buying an additional 146,127 shares during the period. Eagle Asset Management Inc. owned about 12.68% of MarineMax worth $65,111,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. American Century Companies Inc. boosted its stake in shares of MarineMax by 21.4% in the second quarter. American Century Companies Inc. now owns 796,961 shares of the specialty retailer’s stock valued at $15,581,000 after buying an additional 140,288 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of MarineMax by 6.0% in the second quarter. Victory Capital Management Inc. now owns 74,795 shares of the specialty retailer’s stock valued at $1,462,000 after buying an additional 4,259 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of MarineMax by 58.1% in the second quarter. BNP Paribas Arbitrage SA now owns 7,348 shares of the specialty retailer’s stock valued at $144,000 after buying an additional 2,699 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of MarineMax by 8.9% in the second quarter. Legal & General Group Plc now owns 44,407 shares of the specialty retailer’s stock valued at $867,000 after buying an additional 3,635 shares in the last quarter. Finally, Alps Advisors Inc. boosted its stake in shares of MarineMax by 0.3% in the second quarter. Alps Advisors Inc. now owns 21,619 shares of the specialty retailer’s stock valued at $423,000 after buying an additional 56 shares in the last quarter. Institutional investors own 90.57% of the company’s stock.

MarineMax, Inc. (HZO) opened at 16.15 on Friday. The company has a market cap of $392.06 million, a price-to-earnings ratio of 16.15 and a beta of 1.00. The company’s 50-day moving average is $15.95 and its 200 day moving average is $19.26. MarineMax, Inc. has a 1-year low of $13.80 and a 1-year high of $23.65.

MarineMax (NYSE:HZO) last released its quarterly earnings data on Thursday, July 20th. The specialty retailer reported $0.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by $0.11. MarineMax had a net margin of 2.45% and a return on equity of 7.53%. The firm had revenue of $329.80 million during the quarter, compared to analyst estimates of $383.01 million. During the same period in the prior year, the company earned $0.57 EPS. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. On average, equities analysts predict that MarineMax, Inc. will post $0.99 EPS for the current fiscal year.

MarineMax announced that its board has authorized a share repurchase plan on Wednesday, August 2nd that permits the company to buyback 2,000,000 shares. This buyback authorization permits the specialty retailer to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

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Several equities research analysts have recently commented on the stock. Ifs Securities reiterated a “strong-buy” rating and set a $20.00 price target on shares of MarineMax in a research report on Thursday, August 24th. TheStreet cut shares of MarineMax from a “b” rating to a “c+” rating in a research report on Wednesday, July 26th. BidaskClub cut shares of MarineMax from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. B. Riley reiterated a “buy” rating and set a $20.00 price target on shares of MarineMax in a research report on Friday, July 21st. Finally, Zacks Investment Research cut shares of MarineMax from a “hold” rating to a “sell” rating in a research report on Friday, June 30th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $22.86.

In other news, Director Dean S. Woodman sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $15.00, for a total value of $45,000.00. Following the completion of the transaction, the director now owns 15,193 shares of the company’s stock, valued at $227,895. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dean S. Woodman sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $16.00, for a total value of $40,000.00. Following the completion of the transaction, the director now directly owns 14,693 shares of the company’s stock, valued at approximately $235,088. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company’s stock.

About MarineMax

MarineMax, Inc is a recreational boat and yacht dealer in the United States. Through 56 retail locations in Alabama, California, Connecticut, Florida, Georgia, Maryland, Massachusetts, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, and Texas, the Company sold new and used recreational boats, including pleasure and fishing boats, as of September 30, 2016.

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Institutional Ownership by Quarter for MarineMax (NYSE:HZO)

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