Malibu Boats, Inc. (NASDAQ:MBUU) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp raised its holdings in Malibu Boats, Inc. (NASDAQ:MBUU) by 23.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,370 shares of the company’s stock after purchasing an additional 3,472 shares during the quarter. Stifel Financial Corp owned about 0.09% of Malibu Boats worth $713,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pzena Investment Management LLC increased its position in Malibu Boats by 5.2% in the 3rd quarter. Pzena Investment Management LLC now owns 1,555,331 shares of the company’s stock valued at $60,362,000 after acquiring an additional 77,015 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Malibu Boats by 10.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,131,877 shares of the company’s stock worth $39,661,000 after purchasing an additional 111,699 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Malibu Boats by 94.4% during the second quarter. The Manufacturers Life Insurance Company now owns 843,605 shares of the company’s stock worth $29,560,000 after purchasing an additional 409,574 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Malibu Boats by 1,267.7% during the third quarter. Janus Henderson Group PLC now owns 238,576 shares of the company’s stock worth $9,259,000 after purchasing an additional 221,133 shares during the period. Finally, Lodge Hill Capital LLC purchased a new position in Malibu Boats in the 2nd quarter valued at $4,866,000. 91.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MBUU has been the subject of a number of analyst reports. Truist Financial upped their price objective on shares of Malibu Boats from $32.00 to $42.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. KeyCorp boosted their target price on Malibu Boats from $38.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. StockNews.com raised Malibu Boats to a “sell” rating in a report on Saturday, November 2nd. Benchmark restated a “buy” rating and issued a $44.00 price target on shares of Malibu Boats in a research note on Friday, November 1st. Finally, Robert W. Baird increased their price objective on Malibu Boats from $40.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $44.57.

Malibu Boats Stock Performance

Shares of MBUU stock opened at $36.82 on Thursday. The stock has a fifty day moving average price of $42.12 and a 200 day moving average price of $38.45. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 1.55. The stock has a market cap of $725.91 million, a PE ratio of -9.25 and a beta of 1.30. Malibu Boats, Inc. has a 1 year low of $30.20 and a 1 year high of $56.03.

Malibu Boats (NASDAQ:MBUU) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.16. The business had revenue of $171.60 million during the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted $1.07 EPS. Sell-side analysts forecast that Malibu Boats, Inc. will post 2.01 earnings per share for the current fiscal year.

Malibu Boats 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.