Malibu Boats (NASDAQ:MBUU) Sets New 1-Year Low – Should You Sell?

Shares of Malibu Boats, Inc. (NASDAQ:MBUU) reached a new 52-week low during trading on Wednesday . The stock traded as low as $29.74 and last traded at $29.73, with a volume of 39621 shares. The stock had previously closed at $30.49.

Analyst Ratings Changes

Several research analysts have recently commented on MBUU shares. B. Riley upgraded shares of Malibu Boats to a “hold” rating in a research note on Wednesday, February 12th. KeyCorp lowered their target price on shares of Malibu Boats from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Truist Financial boosted their price target on Malibu Boats from $34.00 to $38.00 and gave the stock a “hold” rating in a research report on Friday, January 31st. Benchmark reissued a “buy” rating and set a $44.00 price objective on shares of Malibu Boats in a report on Tuesday, February 4th. Finally, StockNews.com lowered Malibu Boats from a “hold” rating to a “sell” rating in a report on Monday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Malibu Boats has an average rating of “Hold” and a consensus target price of $42.83.

Malibu Boats Stock Up 1.7 %

The firm has a 50-day moving average of $36.27 and a two-hundred day moving average of $38.76. The firm has a market cap of $608.98 million, a price-to-earnings ratio of -7.13 and a beta of 1.33. 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 issued its quarterly earnings results on Thursday, January 30th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates 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, sell-side analysts predict that Malibu Boats, Inc. will post 1.69 earnings per share for the current fiscal year.

Institutional Trading of Malibu Boats

Several hedge funds and other institutional investors have recently bought and sold shares of MBUU. Pzena Investment Management LLC raised its position in shares of Malibu Boats by 5.2% during the third quarter. Pzena Investment Management LLC now owns 1,555,331 shares of the company’s stock valued at $60,362,000 after buying an additional 77,015 shares during the last quarter. Wellington Management Group LLP increased its stake in Malibu Boats by 3.8% during the fourth quarter. Wellington Management Group LLP now owns 1,533,605 shares of the company’s stock valued at $57,648,000 after acquiring an additional 56,629 shares during the period. Cooke & Bieler LP raised its holdings in Malibu Boats by 1.0% in the 4th quarter. Cooke & Bieler LP now owns 1,343,660 shares of the company’s stock valued at $50,508,000 after acquiring an additional 13,767 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its position in shares of Malibu Boats by 1.0% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 719,717 shares of the company’s stock worth $27,054,000 after acquiring an additional 6,865 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of Malibu Boats by 10.6% during the 4th quarter. American Century Companies Inc. now owns 579,664 shares of the company’s stock worth $21,790,000 after purchasing an additional 55,767 shares in the last quarter. 91.35% of the stock is currently owned by institutional investors and hedge funds.

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.