Comerica Bank Acquires 717 Shares of MarineMax Inc (NYSE:HZO)

Comerica Bank lifted its position in MarineMax Inc (NYSE:HZO) by 3.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,508 shares of the specialty retailer’s stock after buying an additional 717 shares during the quarter. Comerica Bank owned about 0.10% of MarineMax worth $437,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of MarineMax by 118.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,534 shares of the specialty retailer’s stock worth $28,000 after buying an additional 831 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of MarineMax by 753.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,246 shares of the specialty retailer’s stock valued at $101,000 after buying an additional 4,631 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of MarineMax by 355.6% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 7,773 shares of the specialty retailer’s stock valued at $142,000 after buying an additional 6,067 shares in the last quarter. Oregon Public Employees Retirement Fund acquired a new position in shares of MarineMax in the 4th quarter valued at $159,000. Finally, Menta Capital LLC acquired a new position in shares of MarineMax in the 4th quarter valued at $239,000. Institutional investors and hedge funds own 91.93% of the company’s stock.

NYSE:HZO traded up $0.20 during mid-day trading on Monday, reaching $16.64. 218,700 shares of the company were exchanged, compared to its average volume of 335,671. MarineMax Inc has a 12 month low of $15.34 and a 12 month high of $26.11. The firm’s fifty day moving average is $16.40. The stock has a market capitalization of $449.19 million, a PE ratio of 9.77 and a beta of 0.88.

MarineMax (NYSE:HZO) last issued its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.08). MarineMax had a return on equity of 10.93% and a net margin of 3.22%. The company had revenue of $303.59 million for the quarter, compared to the consensus estimate of $290.24 million. During the same period in the prior year, the company earned $0.27 EPS. The firm’s revenue was up 12.2% compared to the same quarter last year. As a group, equities analysts anticipate that MarineMax Inc will post 1.79 EPS for the current fiscal year.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of MarineMax from a “strong sell” rating to a “hold” rating in a research note on Thursday. ValuEngine upgraded shares of MarineMax from a “strong sell” rating to a “sell” rating in a research note on Monday, June 24th. TheStreet cut shares of MarineMax from a “b-” rating to a “c+” rating in a research note on Wednesday, May 8th. Finally, Northcoast Research restated a “buy” rating on shares of MarineMax in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. MarineMax has a consensus rating of “Buy” and an average price target of $26.34.

About MarineMax

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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Institutional Ownership by Quarter for MarineMax (NYSE:HZO)

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