SG Americas Securities LLC Purchases 1,252 Shares of Malibu Boats, Inc. (NASDAQ:MBUU)

SG Americas Securities LLC increased its position in shares of Malibu Boats, Inc. (NASDAQ:MBUU) by 31.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,212 shares of the company’s stock after acquiring an additional 1,252 shares during the quarter. SG Americas Securities LLC’s holdings in Malibu Boats were worth $202,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Studio Investment Management LLC raised its stake in shares of Malibu Boats by 264.4% during the 2nd quarter. Studio Investment Management LLC now owns 707 shares of the company’s stock worth $25,000 after acquiring an additional 513 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of Malibu Boats during the 1st quarter worth approximately $84,000. Central Pacific Bank Trust Division bought a new position in shares of Malibu Boats during the 1st quarter worth approximately $142,000. Benjamin Edwards Inc. raised its stake in shares of Malibu Boats by 43.1% during the 2nd quarter. Benjamin Edwards Inc. now owns 5,112 shares of the company’s stock worth $179,000 after acquiring an additional 1,539 shares in the last quarter. Finally, Denali Advisors LLC bought a new position in shares of Malibu Boats during the 1st quarter worth approximately $221,000. Institutional investors own 91.35% of the company’s stock.

Malibu Boats Stock Performance

Shares of MBUU opened at $40.59 on Wednesday. The business’s 50-day moving average is $37.98 and its two-hundred day moving average is $36.54. The company has a market capitalization of $829.66 million, a P/E ratio of -15.20 and a beta of 1.38. Malibu Boats, Inc. has a fifty-two week low of $30.20 and a fifty-two week high of $56.03.

Malibu Boats (NASDAQ:MBUU) last issued its earnings results on Thursday, August 29th. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.07). Malibu Boats had a positive return on equity of 6.21% and a negative net margin of 6.74%. The company had revenue of $158.70 million during the quarter, compared to analysts’ expectations of $157.54 million. During the same quarter in the previous year, the company earned $2.96 EPS. The firm’s quarterly revenue was down 57.4% compared to the same quarter last year. Analysts forecast that Malibu Boats, Inc. will post 1.98 EPS for the current year.

Analyst Ratings Changes

MBUU has been the topic of a number of recent analyst reports. DA Davidson restated a “buy” rating and set a $45.00 price target on shares of Malibu Boats in a research note on Tuesday, September 10th. StockNews.com lowered shares of Malibu Boats from a “hold” rating to a “sell” rating in a research note on Friday, August 30th. B. Riley cut their price target on shares of Malibu Boats from $39.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Finally, Truist Financial restated a “hold” rating and set a $32.00 price target on shares of Malibu Boats in a research note on Monday, July 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Malibu Boats currently has a consensus rating of “Hold” and an average price target of $40.00.

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.