Malibu Boats, Inc. (NASDAQ:MBUU) Given Average Recommendation of “Hold” by Brokerages

Malibu Boats, Inc. (NASDAQ:MBUU) has been given a consensus rating of “Hold” by the seven ratings firms that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $42.83.

MBUU has been the subject of several recent analyst reports. Truist Financial raised their target price on Malibu Boats from $34.00 to $38.00 and gave the stock a “hold” rating in a research note on Friday, January 31st. KeyCorp reduced their price objective on shares of Malibu Boats from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Benchmark reaffirmed a “buy” rating and set a $44.00 target price on shares of Malibu Boats in a research note on Tuesday, February 4th. B. Riley raised shares of Malibu Boats to a “hold” rating in a research note on Wednesday, February 12th. Finally, StockNews.com raised shares of Malibu Boats from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th.

Institutional Trading of Malibu Boats

A number of large investors have recently modified their holdings of the stock. Geode Capital Management LLC boosted its holdings in Malibu Boats by 8.2% in the third quarter. Geode Capital Management LLC now owns 576,070 shares of the company’s stock valued at $22,361,000 after purchasing an additional 43,769 shares during the period. Meros Investment Management LP acquired a new position in shares of Malibu Boats during the third quarter worth about $4,117,000. Empowered Funds LLC increased its stake in shares of Malibu Boats by 38.8% during the third quarter. Empowered Funds LLC now owns 66,606 shares of the company’s stock worth $2,585,000 after buying an additional 18,636 shares during the period. Barclays PLC raised its holdings in Malibu Boats by 92.6% in the third quarter. Barclays PLC now owns 46,919 shares of the company’s stock valued at $1,820,000 after acquiring an additional 22,556 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Malibu Boats by 6.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 121,711 shares of the company’s stock worth $4,575,000 after acquiring an additional 7,186 shares during the last quarter. Hedge funds and other institutional investors own 91.35% of the company’s stock.

Malibu Boats Trading Up 2.0 %

Shares of MBUU stock opened at $31.32 on Monday. Malibu Boats has a twelve month low of $29.69 and a twelve month high of $47.82. The stock has a market cap of $614.97 million, a price-to-earnings ratio of -7.20 and a beta of 1.42. The company’s 50-day moving average price is $35.39 and its 200-day moving average price is $38.57. The company has a current ratio of 1.52, a quick ratio of 0.45 and a debt-to-equity ratio of 0.04.

Malibu Boats (NASDAQ:MBUU) last posted its earnings results on Thursday, January 30th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). Malibu Boats had a negative net margin of 12.09% and a positive return on equity of 1.04%. As a group, equities analysts predict that Malibu Boats will post 1.69 earnings per share for the current year.

Malibu Boats Company 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.