Schroder Investment Management Group Buys Shares of 186,615 Malibu Boats, Inc. (NASDAQ:MBUU)

Schroder Investment Management Group purchased a new position in Malibu Boats, Inc. (NASDAQ:MBUU) in the fourth quarter, HoldingsChannel reports. The firm purchased 186,615 shares of the company’s stock, valued at approximately $6,888,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC lifted its position in Malibu Boats by 8.2% in the third quarter. FMR LLC now owns 136,043 shares of the company’s stock worth $5,280,000 after purchasing an additional 10,276 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Malibu Boats by 60.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,879 shares of the company’s stock worth $267,000 after buying an additional 2,585 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Malibu Boats by 20.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,711 shares of the company’s stock valued at $1,735,000 after buying an additional 7,637 shares during the period. Verition Fund Management LLC bought a new position in Malibu Boats during the third quarter valued at about $878,000. Finally, Benjamin Edwards Inc. grew its holdings in Malibu Boats by 28.6% during the third quarter. Benjamin Edwards Inc. now owns 6,572 shares of the company’s stock worth $255,000 after acquiring an additional 1,460 shares during the period. 91.35% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. KeyCorp lowered shares of Malibu Boats from an “overweight” rating to a “sector weight” rating in a research report on Thursday, March 20th. StockNews.com upgraded shares of Malibu Boats from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. B. Riley upgraded Malibu Boats to a “hold” rating in a research report on Wednesday, February 12th. Benchmark restated a “buy” rating and issued a $44.00 target price on shares of Malibu Boats in a report on Tuesday, February 4th. Finally, Truist Financial upped their target price on Malibu Boats from $34.00 to $38.00 and gave the company a “hold” rating in a report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Malibu Boats currently has an average rating of “Hold” and a consensus price target of $39.83.

Malibu Boats Price Performance

MBUU opened at $28.51 on Friday. The firm has a market capitalization of $559.79 million, a P/E ratio of -6.55 and a beta of 1.42. The stock has a fifty day moving average of $33.71 and a 200-day moving average of $37.89. The company has a quick ratio of 0.45, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. Malibu Boats, Inc. has a 12-month low of $25.93 and a 12-month high of $47.82.

Malibu Boats (NASDAQ:MBUU) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.20 earnings per share (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%. Equities analysts forecast that Malibu Boats, Inc. will post 1.69 EPS for the current fiscal year.

About Malibu Boats

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.