Malibu Boats, Inc. (NASDAQ:MBUU) Stake Boosted by Lodge Hill Capital LLC

Lodge Hill Capital LLC lifted its stake in Malibu Boats, Inc. (NASDAQ:MBUU) by 74.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 530,514 shares of the company’s stock after acquiring an additional 226,650 shares during the quarter. Malibu Boats makes up 5.5% of Lodge Hill Capital LLC’s portfolio, making the stock its 7th biggest holding. Lodge Hill Capital LLC’s holdings in Malibu Boats were worth $19,942,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of MBUU. Exchange Traded Concepts LLC grew its stake in shares of Malibu Boats by 4.1% in the 4th quarter. Exchange Traded Concepts LLC now owns 7,977 shares of the company’s stock valued at $300,000 after buying an additional 311 shares in the last quarter. Central Pacific Bank Trust Division lifted its stake in Malibu Boats by 11.3% in 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. Heck Capital Advisors LLC bought a new stake in Malibu Boats in the fourth quarter worth approximately $38,000. Invesco Ltd. increased its stake in shares of Malibu Boats by 2.4% during the 4th quarter. Invesco Ltd. now owns 49,005 shares of the company’s stock worth $1,842,000 after purchasing an additional 1,141 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Malibu Boats by 7.9% during the 4th quarter. Wells Fargo & Company MN now owns 16,452 shares of the company’s stock worth $618,000 after purchasing an additional 1,211 shares during the last quarter. 91.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. StockNews.com raised shares of Malibu Boats from a “sell” rating to a “hold” rating in a research note on Tuesday. Robert W. Baird reaffirmed a “neutral” rating and issued a $32.00 price target (down previously from $50.00) on shares of Malibu Boats in a research report on Friday, April 4th. DA Davidson raised Malibu Boats to a “hold” rating in a report on Monday. KeyCorp downgraded Malibu Boats from an “overweight” rating to a “sector weight” rating in a research note on Thursday, March 20th. Finally, Benchmark reaffirmed a “buy” rating and set a $44.00 target price on shares of Malibu Boats in a research report on Tuesday, February 4th. Seven 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.com, the company has a consensus rating of “Hold” and an average price target of $38.17.

Malibu Boats Trading Down 2.0 %

Shares of NASDAQ:MBUU opened at $26.11 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.45 and a current ratio of 1.52. The stock’s 50-day moving average is $31.40 and its 200-day moving average is $37.05. The company has a market cap of $512.67 million, a P/E ratio of -6.00 and a beta of 1.27. Malibu Boats, Inc. has a 52-week low of $24.43 and a 52-week high of $47.82.

Malibu Boats (NASDAQ:MBUU) last released its earnings results on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. Equities research analysts predict that Malibu Boats, Inc. will post 1.69 earnings per share for the current 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.