Principal Financial Group Inc. Acquires 3,823 Shares of MarineMax Inc (HZO)

Principal Financial Group Inc. grew its position in MarineMax Inc (NYSE:HZO) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 185,559 shares of the specialty retailer’s stock after acquiring an additional 3,823 shares during the quarter. Principal Financial Group Inc. owned about 0.68% of MarineMax worth $3,398,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in shares of MarineMax in the 3rd quarter valued at about $128,000. Prudential Financial Inc. grew its holdings in MarineMax by 21.9% during the third quarter. Prudential Financial Inc. now owns 46,004 shares of the specialty retailer’s stock worth $978,000 after purchasing an additional 8,260 shares during the period. Bank of New York Mellon Corp grew its holdings in MarineMax by 14.5% during the third quarter. Bank of New York Mellon Corp now owns 299,257 shares of the specialty retailer’s stock worth $6,359,000 after purchasing an additional 37,843 shares during the period. BlackRock Inc. grew its holdings in MarineMax by 12.6% during the third quarter. BlackRock Inc. now owns 3,503,906 shares of the specialty retailer’s stock worth $74,458,000 after purchasing an additional 393,107 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in MarineMax by 1.1% during the third quarter. Dimensional Fund Advisors LP now owns 2,269,576 shares of the specialty retailer’s stock worth $48,229,000 after purchasing an additional 23,839 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO W Brett Mcgill sold 5,061 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $20.03, for a total transaction of $101,371.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.50% of the company’s stock.

HZO has been the subject of a number of research analyst reports. Zacks Investment Research cut MarineMax from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th. ValuEngine cut MarineMax from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. TheStreet upgraded MarineMax from a “c+” rating to a “b-” rating in a report on Friday, January 18th. Finally, Northcoast Research reiterated a “buy” rating on shares of MarineMax in a report on Thursday, March 14th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $26.34.

MarineMax stock opened at $19.66 on Wednesday. MarineMax Inc has a 52 week low of $16.40 and a 52 week high of $26.11. The stock has a market cap of $446.01 million, a P/E ratio of 11.49 and a beta of 0.90.

MarineMax (NYSE:HZO) last posted its quarterly earnings results on Wednesday, January 23rd. The specialty retailer reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.07. MarineMax had a return on equity of 11.47% and a net margin of 3.38%. The business had revenue of $241.90 million during the quarter, compared to analysts’ expectations of $252.03 million. During the same quarter last year, the company posted $0.19 earnings per share. MarineMax’s quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts forecast that MarineMax Inc will post 1.95 EPS for the current fiscal year.

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MarineMax Company Profile

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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