Malibu Boats (NASDAQ:MBUU) Raised to “Hold” at StockNews.com

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

A number of other brokerages have also recently commented on MBUU. Truist Financial upped their price target on shares of Malibu Boats from $34.00 to $38.00 and gave the company a “hold” rating in a research report on Friday, January 31st. KeyCorp lowered their price objective on shares of Malibu Boats from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. B. Riley raised Malibu Boats to a “hold” rating in a research report on Wednesday, February 12th. Finally, Benchmark reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Malibu Boats in a research report on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $42.83.

Malibu Boats Price Performance

Shares of NASDAQ:MBUU opened at $30.94 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.52 and a quick ratio of 0.45. Malibu Boats has a one year low of $29.69 and a one year high of $47.82. The company has a market cap of $607.51 million, a price-to-earnings ratio of -7.11 and a beta of 1.42. The firm has a 50 day simple moving average of $35.63 and a 200 day simple moving average of $38.61.

Malibu Boats (NASDAQ:MBUU) last posted its earnings results on Thursday, January 30th. The company reported $0.20 earnings per share 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%. Research analysts predict that Malibu Boats will post 1.69 earnings per share for the current fiscal year.

Institutional Trading of Malibu Boats

A number of large investors have recently bought and sold shares of the company. Heck Capital Advisors LLC purchased a new position in shares of Malibu Boats in the fourth quarter worth about $38,000. Studio Investment Management LLC grew its stake in Malibu Boats by 53.7% in the 3rd quarter. Studio Investment Management LLC now owns 1,087 shares of the company’s stock worth $42,000 after buying an additional 380 shares in the last quarter. Quarry LP bought a new position in Malibu Boats in the fourth quarter valued at $45,000. Central Pacific Bank Trust Division increased its position in shares of Malibu Boats by 11.3% during the 4th quarter. Central Pacific Bank Trust Division now owns 3,626 shares of the company’s stock valued at $136,000 after purchasing an additional 368 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Malibu Boats during the fourth quarter worth approximately $150,000. 91.35% of the stock is owned by hedge funds and other institutional investors.

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.