Shares of the company are trading at $18.55 quite a bit higher than $16.44, the 50 day moving average and marginally over the 200 day moving average of $17.54. The 50 day moving average was up $2.11 and the 200 day average went up by +5.78%. Trading was heavy with 1,609K shares changing hands on Tuesday. Trading volume was up 363.76% over the stocks average daily volume.
Traders are feeling more bearish on the company lately if you take note of the uptick in short interest. The company realized a rise in short interest of 4.84% as of the latest report on October 13, 2017. Short shares grew from 2,687,626 to 2,817,746 over that period. With short interest at 2,817,746 and short average daily volume at 229,082, days to cover is 12.0 and the percentage of shorted shares was 0.12% on October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (HZO). Victory Capital Management Inc expanded its investment by buying 34,186 shares an increase of 45.7% in the quarter. Victory Capital Management Inc controls 108,981 shares valued at $1,804,000. The total value of its holdings increased 23.4%. Huntington National Bank cut its holdings by shedding 15 shares a decrease of 4.3% from 06/30/2017 to 09/30/2017. Huntington National Bank claims 330 shares worth $5,000. The value of the position overall is down by 28.6%.
Parkside Financial Bank & Trust grew its ownership by buying 6 shares an increase of 31.6%. Parkside Financial Bank & Trust now holds 25 shares with a value of $0. The total value of its holdings decreased nan%. As of quarter end Simplex Trading, LLC had acquired a total of 2,951 shares growing its stake by 81.6%. The value of the investment in MarineMax, Inc. (FL) increased from $70,000 to $108,000 increasing 54.3% quarter to quarter.
MarineMax, Inc. (FL) currently has a P/E ratio of 18.55 and the market cap of the company is 450.32M. In the latest earnings report the EPS was $1.00 and is expected to be $0.89 for the current year with 24,276,000 shares now outstanding. Next quarter’s EPS is expected be $0.06 with next year’s EPS projected to be $1.14.
MarineMax, Inc., launched on January 20, 2015, is a recreational boat and yacht dealer in the United States. Through 56 retail locations in Alabama, California, Connecticut, Florida, Georgia, Maryland, Massachusetts, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, and Texas, the Company sold new and used recreational boats, including pleasure and fishing boats, as of September 30, 2016. The Company also sells related marine products, including engines, trailers, parts and accessories. In addition, it provides repair, maintenance, and slip and storage services; arranges related boat financing, insurance, and extended service contracts; offers boat and yacht brokerage sales, and operates a yacht charter business..