Fort Washington Investment Advisors Inc. OH Boosts Stake in Malibu Boats, Inc. (NASDAQ:MBUU)

Fort Washington Investment Advisors Inc. OH grew its stake in Malibu Boats, Inc. (NASDAQ:MBUU) by 15.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 394,288 shares of the company’s stock after acquiring an additional 53,907 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 2.00% of Malibu Boats worth $14,821,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in MBUU. Studio Investment Management LLC raised its holdings in Malibu Boats by 53.7% in the third quarter. Studio Investment Management LLC now owns 1,087 shares of the company’s stock worth $42,000 after purchasing an additional 380 shares in the last quarter. nVerses Capital LLC bought a new position in shares of Malibu Boats during the 3rd quarter worth approximately $74,000. Central Pacific Bank Trust Division lifted its position in Malibu Boats by 11.3% during 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 during the last quarter. SG Americas Securities LLC boosted its stake 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 acquiring an additional 1,252 shares in the last quarter. Finally, US Bancorp DE grew its holdings in Malibu Boats by 851.7% in the third quarter. US Bancorp DE now owns 5,434 shares of the company’s stock worth $211,000 after purchasing an additional 4,863 shares during the last quarter. 91.35% of the stock is owned by institutional investors.

Malibu Boats Trading Down 1.1 %

NASDAQ MBUU opened at $36.51 on Thursday. Malibu Boats, Inc. has a 1 year low of $30.20 and a 1 year high of $54.31. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.55 and a quick ratio of 0.52. The company has a market capitalization of $719.98 million, a PE ratio of -9.17 and a beta of 1.32. The company has a fifty day moving average of $39.40 and a 200 day moving average of $38.55.

Malibu Boats (NASDAQ:MBUU) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.16. The business had revenue of $171.60 million during the quarter, compared to analysts’ expectations of $165.33 million. Malibu Boats had a positive return on equity of 2.39% and a negative net margin of 10.90%. The company’s revenue for the quarter was down 32.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.07 EPS. Research analysts forecast that Malibu Boats, Inc. will post 2.06 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on MBUU shares. Robert W. Baird boosted their target price on Malibu Boats from $40.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Truist Financial cut their price objective on shares of Malibu Boats from $42.00 to $34.00 and set a “hold” rating on the stock in a report on Tuesday, January 7th. DA Davidson downgraded shares of Malibu Boats from a “buy” rating to a “neutral” rating and set a $45.00 target price on the stock. in a research report on Friday, November 1st. KeyCorp decreased their price target on shares of Malibu Boats from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Finally, Benchmark reissued a “buy” rating and set a $44.00 price objective on shares of Malibu Boats in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $42.71.

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.