First Hawaiian Bank Sells 5,240 Shares of Malibu Boats, Inc. (NASDAQ:MBUU)

First Hawaiian Bank trimmed its position in shares of Malibu Boats, Inc. (NASDAQ:MBUU) by 45.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,203 shares of the company’s stock after selling 5,240 shares during the period. First Hawaiian Bank’s holdings in Malibu Boats were worth $268,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cooke & Bieler LP grew its stake in shares of Malibu Boats by 35.2% during the fourth quarter. Cooke & Bieler LP now owns 920,761 shares of the company’s stock valued at $50,476,000 after buying an additional 239,707 shares during the last quarter. Invesco Ltd. grew its position in Malibu Boats by 272.7% in the 3rd quarter. Invesco Ltd. now owns 127,109 shares of the company’s stock valued at $6,231,000 after acquiring an additional 93,004 shares during the last quarter. Epoch Investment Partners Inc. increased its stake in Malibu Boats by 27.1% in the third quarter. Epoch Investment Partners Inc. now owns 267,168 shares of the company’s stock worth $13,097,000 after purchasing an additional 56,968 shares during the period. Ziegler Capital Management LLC bought a new stake in shares of Malibu Boats during the fourth quarter worth $2,956,000. Finally, Wellington Management Group LLP boosted its stake in shares of Malibu Boats by 315.0% during the fourth quarter. Wellington Management Group LLP now owns 64,741 shares of the company’s stock valued at $3,549,000 after purchasing an additional 49,141 shares during the period. 91.35% of the stock is owned by hedge funds and other institutional investors.

Malibu Boats Stock Performance

Malibu Boats stock opened at $35.45 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.66 and a current ratio of 1.67. The business has a fifty day moving average of $35.54 and a two-hundred day moving average of $42.79. Malibu Boats, Inc. has a twelve month low of $31.47 and a twelve month high of $60.72.

Malibu Boats (NASDAQ:MBUU) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14. Malibu Boats had a positive return on equity of 18.01% and a negative net margin of 5.19%. The firm had revenue of $203.42 million during the quarter, compared to analysts’ expectations of $205.83 million. On average, research analysts predict that Malibu Boats, Inc. will post 1.84 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Truist Financial reduced their price target on shares of Malibu Boats from $52.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. Benchmark assumed coverage on shares of Malibu Boats in a research report on Wednesday, May 22nd. They set a “buy” rating and a $44.00 target price on the stock. StockNews.com upgraded Malibu Boats from a “sell” rating to a “hold” rating in a report on Monday, June 17th. Raymond James downgraded Malibu Boats from an “outperform” rating to a “market perform” rating in a report on Monday, April 15th. Finally, KeyCorp decreased their target price on Malibu Boats from $50.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday, May 3rd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Malibu Boats presently has an average rating of “Moderate Buy” and a consensus target price of $43.14.

Insider Buying and Selling at Malibu Boats

In other news, Director Mark W. Lanigan acquired 20,000 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were purchased at an average price of $33.43 per share, with a total value of $668,600.00. Following the transaction, the director now directly owns 73,368 shares in the company, valued at $2,452,692.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.62% of the company’s stock.

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.