US Bancorp DE Has $211,000 Stock Holdings in Malibu Boats, Inc. (NASDAQ:MBUU)

US Bancorp DE raised its stake in Malibu Boats, Inc. (NASDAQ:MBUU) by 851.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,434 shares of the company’s stock after buying an additional 4,863 shares during the period. US Bancorp DE’s holdings in Malibu Boats were worth $211,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of MBUU. Studio Investment Management LLC increased its stake in shares of Malibu Boats by 264.4% in the second quarter. Studio Investment Management LLC now owns 707 shares of the company’s stock valued at $25,000 after buying an additional 513 shares during the period. nVerses Capital LLC acquired a new stake in Malibu Boats in the third quarter valued at $74,000. EntryPoint Capital LLC bought a new position in Malibu Boats during the 1st quarter worth $84,000. SG Americas Securities LLC bought a new position in shares of Malibu Boats during the second quarter worth about $139,000. Finally, Benjamin Edwards Inc. increased its position in Malibu Boats by 43.1% during the 2nd quarter. Benjamin Edwards Inc. now owns 5,112 shares of the company’s stock valued at $179,000 after purchasing an additional 1,539 shares during the period. Institutional investors and hedge funds own 91.35% of the company’s stock.

Malibu Boats Price Performance

Malibu Boats stock opened at $41.50 on Friday. The stock has a market cap of $818.38 million, a P/E ratio of -10.38 and a beta of 1.36. The company has a quick ratio of 0.52, a current ratio of 1.55 and a debt-to-equity ratio of 0.05. The company’s 50 day moving average price is $40.35 and its two-hundred day moving average price is $37.19. Malibu Boats, Inc. has a 52 week low of $30.20 and a 52 week high of $56.03.

Malibu Boats (NASDAQ:MBUU) last issued its earnings results on Thursday, October 31st. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.16. The firm had revenue of $171.60 million for the quarter, compared to analyst estimates of $165.33 million. Malibu Boats had a positive return on equity of 2.39% and a negative net margin of 10.90%. The business’s revenue was down 32.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.07 earnings per share. On average, equities analysts predict that Malibu Boats, Inc. will post 2.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MBUU has been the subject of several research analyst reports. Benchmark reissued a “buy” rating and issued a $44.00 price objective on shares of Malibu Boats in a research report on Friday, November 1st. Robert W. Baird lifted their price target on shares of Malibu Boats from $40.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. DA Davidson lowered shares of Malibu Boats from a “buy” rating to a “neutral” rating and set a $45.00 price target for the company. in a research note on Friday, November 1st. KeyCorp raised their price objective on shares of Malibu Boats from $38.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, StockNews.com raised shares of Malibu Boats to a “sell” rating in a research report on Saturday, November 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $44.57.

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.