Legato Capital Management LLC Lowers Stock Holdings in Malibu Boats, Inc. (NASDAQ:MBUU)

Legato Capital Management LLC cut its holdings in shares of Malibu Boats, Inc. (NASDAQ:MBUU) by 1.2% during the fourth quarter, Holdings Channel reports. The firm owned 31,402 shares of the company’s stock after selling 369 shares during the quarter. Legato Capital Management LLC’s holdings in Malibu Boats were worth $1,180,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Heck Capital Advisors LLC purchased a new stake in Malibu Boats during the 4th quarter worth approximately $38,000. Studio Investment Management LLC increased its position in shares of Malibu Boats by 53.7% during the third quarter. Studio Investment Management LLC now owns 1,087 shares of the company’s stock worth $42,000 after acquiring an additional 380 shares during the period. nVerses Capital LLC acquired a new stake in shares of Malibu Boats in the third quarter valued at $74,000. Central Pacific Bank Trust Division raised its stake in shares of Malibu Boats by 11.3% in the fourth quarter. Central Pacific Bank Trust Division now owns 3,626 shares of the company’s stock valued at $136,000 after acquiring an additional 368 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Malibu Boats by 31.6% in the third quarter. SG Americas Securities LLC now owns 5,212 shares of the company’s stock valued at $202,000 after purchasing an additional 1,252 shares during the period. Institutional investors and hedge funds own 91.35% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. StockNews.com upgraded Malibu Boats to a “sell” rating in a report on Saturday, November 2nd. DA Davidson cut shares of Malibu Boats from a “buy” rating to a “neutral” rating and set a $45.00 target price on the stock. in a report on Friday, November 1st. Benchmark reiterated a “buy” rating and issued a $44.00 price target on shares of Malibu Boats in a research note on Tuesday, February 4th. Robert W. Baird increased their price objective on shares of Malibu Boats from $40.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, KeyCorp decreased their price objective on shares of Malibu Boats from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Malibu Boats presently has an average rating of “Hold” and a consensus target price of $42.83.

Malibu Boats Trading Down 2.6 %

MBUU stock opened at $36.48 on Thursday. The company’s 50 day moving average is $38.00 and its two-hundred day moving average is $38.81. Malibu Boats, Inc. has a twelve month low of $30.20 and a twelve month high of $48.92. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.52 and a quick ratio of 0.45.

Malibu Boats (NASDAQ:MBUU) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). Malibu Boats had a positive return on equity of 1.04% and a negative net margin of 12.09%. As a group, equities research analysts expect that Malibu Boats, Inc. will post 1.76 EPS for the current fiscal year.

Malibu Boats Profile

Malibu Boats, Inc designs, engineers, manufactures, markets, and sells a range of recreational powerboats. It operates through three segments: Malibu, Saltwater Fishing, and Cobalt. The company provides performance sport boats, and sterndrive and outboard boats under the Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes, and Cobalt brands.