American Century Companies Inc. grew its holdings in MarineMax, Inc. (NYSE:HZO) by 21.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 796,961 shares of the specialty retailer’s stock after buying an additional 140,288 shares during the quarter. American Century Companies Inc. owned 3.04% of MarineMax worth $15,581,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Alps Advisors Inc. increased its position 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. Arizona State Retirement System increased its position in shares of MarineMax by 0.8% in the second quarter. Arizona State Retirement System now owns 12,722 shares of the specialty retailer’s stock valued at $249,000 after buying an additional 100 shares in the last quarter. Legal & General Group Plc increased its position in shares of MarineMax by 0.3% in the first quarter. Legal & General Group Plc now owns 40,772 shares of the specialty retailer’s stock valued at $882,000 after buying an additional 105 shares in the last quarter. Texas Permanent School Fund increased its position in shares of MarineMax by 1.2% in the second quarter. Texas Permanent School Fund now owns 17,779 shares of the specialty retailer’s stock valued at $348,000 after buying an additional 205 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its position in shares of MarineMax by 2.8% in the first quarter. Municipal Employees Retirement System of Michigan now owns 8,880 shares of the specialty retailer’s stock valued at $192,000 after buying an additional 240 shares in the last quarter. Institutional investors and hedge funds own 90.57% of the company’s stock.

A number of analysts have recently commented on the company. B. Riley restated a “buy” rating and issued a $20.00 price objective on shares of MarineMax in a research report on Friday, July 21st. Ifs Securities restated a “strong-buy” rating and issued a $20.00 price objective on shares of MarineMax in a research report on Thursday, August 24th. BidaskClub cut MarineMax from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. TheStreet cut MarineMax from a “b” rating to a “c+” rating in a research report on Wednesday, July 26th. Finally, Citigroup Inc. restated a “buy” rating and issued a $25.00 price objective (down from $26.00) on shares of MarineMax in a research report on Monday, May 15th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $22.86.

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Shares of MarineMax, Inc. (HZO) opened at 16.20 on Monday. The stock has a 50 day moving average price of $15.85 and a 200-day moving average price of $19.22. MarineMax, Inc. has a 52 week low of $13.80 and a 52 week high of $23.65. The firm has a market capitalization of $393.27 million, a price-to-earnings ratio of 16.20 and a beta of 1.00.

MarineMax (NYSE:HZO) last released its quarterly earnings data on Thursday, July 20th. The specialty retailer reported $0.57 earnings per share for the quarter, missing the 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 analysts’ expectations of $383.01 million. During the same period in the previous year, the business earned $0.57 earnings per share. The business’s revenue for the quarter was down 4.6% on a year-over-year basis. On average, analysts anticipate that MarineMax, Inc. will post $0.99 EPS for the current year.

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

In related news, Director Dean S. Woodman sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dean S. Woodman sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The shares were 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 directly owns 15,193 shares of the company’s stock, valued at $227,895. The disclosure for this sale can be found here. Company insiders own 5.00% of the company’s stock.

MarineMax Company Profile

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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