Malibu Boats (NASDAQ:MBUU) Upgraded by StockNews.com to Hold Rating

Malibu Boats (NASDAQ:MBUU) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Friday.

A number of other analysts also recently commented on MBUU. KeyCorp reduced their price objective on Malibu Boats from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. 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 report on Friday, January 31st. Benchmark reissued a “buy” rating and issued a $44.00 price target on shares of Malibu Boats in a report on Tuesday, February 4th. B. Riley upgraded shares of Malibu Boats to a “hold” rating in a research report on Wednesday. Finally, 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 research note on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Malibu Boats presently has an average rating of “Hold” and a consensus target price of $42.83.

Malibu Boats Stock Performance

MBUU opened at $37.37 on Friday. The company has a quick ratio of 0.45, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. The stock’s 50 day moving average price is $37.74 and its two-hundred day moving average price is $38.78. The firm has a market capitalization of $733.95 million, a P/E ratio of -8.59 and a beta of 1.33. Malibu Boats has a 12-month low of $30.20 and a 12-month high of $48.92.

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%. On average, equities analysts forecast that Malibu Boats will post 1.76 earnings per share for the current year.

Institutional Trading of Malibu Boats

Large investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its stake in shares of Malibu Boats by 154.8% in the third quarter. Wellington Management Group LLP now owns 1,476,976 shares of the company’s stock valued at $57,321,000 after acquiring an additional 897,387 shares during the last quarter. Twin Lions Management LLC bought a new position in Malibu Boats in the 4th quarter valued at $19,807,000. Bank of New York Mellon Corp boosted its stake in Malibu Boats by 370.5% in the fourth quarter. Bank of New York Mellon Corp now owns 440,829 shares of the company’s stock worth $16,571,000 after purchasing an additional 347,144 shares in the last quarter. Lodge Hill Capital LLC grew its holdings in shares of Malibu Boats by 74.6% during the fourth quarter. Lodge Hill Capital LLC now owns 530,514 shares of the company’s stock worth $19,942,000 after purchasing an additional 226,650 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of Malibu Boats by 1,267.7% in the third quarter. Janus Henderson Group PLC now owns 238,576 shares of the company’s stock valued at $9,259,000 after buying an additional 221,133 shares in the last quarter. 91.35% of the stock is owned by institutional investors.

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.