Coe Capital Management buys $8,454,533 stake in MarineMax Inc (HZO)

MarineMax Inc (HZO) : Coe Capital Management scooped up 65,139 additional shares in MarineMax Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 414,032 shares of MarineMax Inc which is valued at $8,454,533.MarineMax Inc makes up approximately 2.68% of Coe Capital Management’s portfolio.

Other Hedge Funds, Including , Thrivent Financial For Lutherans boosted its stake in HZO in the latest quarter, The investment management firm added 530 additional shares and now holds a total of 11,600 shares of MarineMax Inc which is valued at $236,872.Comerica Bank reduced its stake in HZO by selling 381 shares or 1.55% in the most recent quarter. The Hedge Fund company now holds 24,208 shares of HZO which is valued at $494,327.Victory Capital Management Inc reduced its stake in HZO by selling 20,982 shares or 28.64% in the most recent quarter. The Hedge Fund company now holds 52,278 shares of HZO which is valued at $1,065,426.California Public Employees Retirement System reduced its stake in HZO by selling 6,100 shares or 6.87% in the most recent quarter. The Hedge Fund company now holds 82,700 shares of HZO which is valued at $1,668,059.

MarineMax Inc opened for trading at $19.63 and hit $19.88 on the upside on Monday, eventually ending the session at $19.72, with a gain of 0.41% or 0.08 points. The heightened volatility saw the trading volume jump to 74,911 shares. Company has a market cap of $510 M.

On the company’s financial health, MarineMax Inc reported $0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.45. The company had revenue of $345.59 million for the quarter, compared to analysts expectations of $269.43 million. The company’s revenue was up 49.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 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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