Thomson Horstmann Bryant Inc buys $11,388,620 stake in MarineMax Inc (HZO)

MarineMax Inc (HZO) : Thomson Horstmann Bryant Inc scooped up 114,365 additional shares in MarineMax Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 20, 2016. The investment management firm now holds a total of 587,345 shares of MarineMax Inc which is valued at $11,388,620.MarineMax Inc makes up approximately 1.41% of Thomson Horstmann Bryant Inc’s portfolio.

Other Hedge Funds, Including , Eagle Asset Management Inc boosted its stake in HZO in the latest quarter, The investment management firm added 1,189,194 additional shares and now holds a total of 2,134,603 shares of MarineMax Inc which is valued at $41,219,184. MarineMax Inc makes up approx 0.27% of Eagle Asset Management Inc’s portfolio. Independent Portfolio Consultants sold out all of its stake in HZO during the most recent quarter. The investment firm sold 685 shares of HZO which is valued $12,974.Foundry Partners reduced its stake in HZO by selling 6,730 shares or 2.46% in the most recent quarter. The Hedge Fund company now holds 267,155 shares of HZO which is valued at $5,094,646. MarineMax Inc makes up approx 0.48% of Foundry Partners’s portfolio.Creative Planning reduced its stake in HZO by selling 344 shares or 48.59% in the most recent quarter. The Hedge Fund company now holds 364 shares of HZO which is valued at $6,941.Bnp Paribas Arbitrage Sa boosted its stake in HZO in the latest quarter, The investment management firm added 3,733 additional shares and now holds a total of 7,555 shares of MarineMax Inc which is valued at $141,883.

MarineMax Inc opened for trading at $18.86 and hit $19.33 on the upside on Wednesday, eventually ending the session at $19.31, with a gain of 2.93% or 0.55 points. The heightened volatility saw the trading volume jump to 2,11,401 shares. Company has a market cap of $496 M.

On the company’s financial health, MarineMax Inc reported $0.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.07. The company had revenue of $199.60 million for the quarter, compared to analysts expectations of $192.16 million. The company’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.

MarineMax Inc. is a recreational boat dealer in the United States. Through 54 retail locations in Alabama Arizona California Colorado Connecticut Florida Georgia Kansas Maryland Minnesota Missouri New Jersey New York North Carolina Ohio Oklahoma Rhode Island Tennessee and Texas the Company sells new and used recreational boats including pleasure and fishing boats. The Company also provides repair maintenance and slip and storage services; arrange related boat financing insurance and extended service contracts; offers boat and yacht brokerage services and operates a yacht charter business. It is also retailer of Sea Ray Boston Whaler Bayliner Cabo Hatteras and Meridian recreational boats and yachts all of which are manufactured by Brunswick Corporation (Brunswick).

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