MarineMax Inc Can’t Burn Your Long Portfolio. Option Traders are Bullish

 MarineMax Inc Can't Burn Your Long Portfolio. Option Traders are Bullish

In today’s session MarineMax Inc (HZO) registered an unusually high (464) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious HZO increase. With 464 contracts traded and 664 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: HZO161118C00020000 closed last at: $1 or 25% up. About 373,361 shares traded hands or 69.63% up from the average. MarineMax Inc (NYSE:HZO) has declined 15.51% since March 31, 2016 and is downtrending. It has underperformed by 18.03% the S&P500.

MarineMax Inc (NYSE:HZO) Ratings Coverage

Out of 4 analysts covering Marinemax (NYSE:HZO), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Marinemax has been the topic of 5 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Longbow given on Tuesday, August 18. The rating was maintained by Stephens on Monday, September 14 with “Overweight”. Craig Hallum initiated MarineMax Inc (NYSE:HZO) on Thursday, December 3 with “Buy” rating.

According to Zacks Investment Research, “MarineMax, Inc. is a recreational boat dealer in the United States. Through retail locations, the company sells new and used recreational boats and fishing boats with a focus on premium brands in each segment.”

Insitutional Activity: The institutional sentiment increased to 1.2 in Q2 2016. Its up 0.29, from 0.91 in 2016Q1. The ratio improved, as 10 funds sold all MarineMax Inc shares owned while 40 reduced positions. 12 funds bought stakes while 48 increased positions. They now own 25.45 million shares or 2.77% more from 24.76 million shares in 2016Q1.
Wells Fargo And Mn last reported 0% of its portfolio in the stock. Pinebridge Invs Lp has 0% invested in the company for 3,002 shares. Envestnet Asset Mgmt Inc has invested 0% of its portfolio in MarineMax Inc (NYSE:HZO). Cortina Asset Management Ltd Liability Corp has 293,019 shares for 0.23% of their US portfolio. Frontier Capital Mngmt Lc accumulated 765,105 shares or 0.11% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% of its portfolio in MarineMax Inc (NYSE:HZO) for 410 shares. Foundry Prns Limited Com holds 0.26% or 267,855 shares in its portfolio. Invesco Limited holds 0% or 73,858 shares in its portfolio. Goldman Sachs Grp has 29,660 shares for 0% of their US portfolio. Etrade Capital Mngmt Llc has invested 0.06% of its portfolio in MarineMax Inc (NYSE:HZO). Hodges Capital Mgmt Inc has 177,000 shares for 0.15% of their US portfolio. Creative Planning has 0% invested in the company for 364 shares. Monarch Partners Asset Management Limited Co owns 196,295 shares or 0.33% of their US portfolio. Ameriprise Incorporated holds 118,622 shares or 0% of its portfolio. Texas Permanent School Fund reported 18,611 shares or 0% of all its holdings.

Insider Transactions: Since July 26, 2016, the stock had 0 buys, and 16 selling transactions for $2.18 million net activity. 10,000 shares were sold by MCLAMB MICHAEL H, worth $211,000 on Friday, September 23. $100,650 worth of shares were sold by EURE HILLIARD M on Wednesday, July 27. Shares for $10,005 were sold by Cashman Charles A. On Tuesday, July 26 the insider MCGILL WILLIAM H JR sold $268,414. 2,537 shares with value of $54,495 were sold by McGill W Brett on Tuesday, July 26. The insider Day Paulee C sold $352,331. $161,229 worth of shares were sold by Cassella Anthony E. Jr. on Tuesday, July 26.

MarineMax, Inc. is a recreational boat dealer in the United States. The company has a market cap of $351.75 million. The Firm engages in the retail sale, brokerage, and service of used boats, motors, trailers, marine parts and accessories and offers slip and storage accommodations in certain locations. It has a 8.16 P/E ratio. It offers related boat financing, insurance and extended service contracts.

HZO Company Profile

MarineMax, Inc., incorporated on January 23, 1998, 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 Firm 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).

More recent MarineMax Inc (NYSE:HZO) news were published by: Investorplace.com which released: “Hottest Retail Trade Stocks Now – DXLG ASNA FTD BKE” on September 06, 2016. Also Seekingalpha.com published the news titled: “Mixed report for MarineMax, management says boat trends strong” on November 01, 2016. Businesswire.com‘s news article titled: “MarineMax and Partners to Ring New York Stock Exchange Closing Bell” with publication date: January 08, 2016 was also an interesting one.

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