MarineMax Inc (NYSE:HZO) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totalling 1,852,000 shares, a decrease of 11.7% from the May 30th total of 2,098,200 shares. Based on an average daily volume of 312,500 shares, the days-to-cover ratio is currently 5.9 days. Currently, 8.4% of the company’s shares are short sold.
Shares of MarineMax stock traded up $0.10 during trading on Friday, reaching $17.00. 143,766 shares of the company traded hands, compared to its average volume of 206,512. MarineMax has a 1-year low of $15.34 and a 1-year high of $26.11. The company has a 50 day moving average price of $16.41. The company has a market cap of $464.49 million, a price-to-earnings ratio of 10.00 and a beta of 0.88.
MarineMax (NYSE:HZO) last released its earnings results on Thursday, April 25th. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.08). MarineMax had a net margin of 3.22% and a return on equity of 10.93%. The company had revenue of $303.59 million for the quarter, compared to analyst estimates of $290.24 million. During the same quarter in the previous year, the firm earned $0.27 EPS. The firm’s revenue was up 12.2% on a year-over-year basis. Equities analysts predict that MarineMax will post 1.79 earnings per share for the current year.
HZO has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Green Plains from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 27th. Northcoast Research reiterated a “buy” rating on shares of MarineMax in a research report on Friday, April 26th. TheStreet upgraded shares of WillScot from a “d-” rating to a “c-” rating in a research report on Wednesday, May 8th. Finally, ValuEngine upgraded shares of YPF from a “sell” rating to a “hold” rating in a research report on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $26.34.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cutler Group LP acquired a new position in MarineMax during the first quarter worth $30,000. Manchester Capital Management LLC acquired a new position in MarineMax during the first quarter worth $40,000. BNP Paribas Arbitrage SA raised its holdings in MarineMax by 753.0% during the first quarter. BNP Paribas Arbitrage SA now owns 5,246 shares of the specialty retailer’s stock worth $101,000 after buying an additional 4,631 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its holdings in MarineMax by 355.6% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,773 shares of the specialty retailer’s stock worth $142,000 after buying an additional 6,067 shares during the last quarter. Finally, NumerixS Investment Technologies Inc acquired a new position in MarineMax during the first quarter worth $156,000. Hedge funds and other institutional investors own 91.93% of the company’s stock.
MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. The company sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; fishing boats; motor and convertible yachts; pontoon boats; fishing boats; ski boats; and jet boats.
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