Malibu Boats, Inc. (NASDAQ:MBUU) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its position in Malibu Boats, Inc. (NASDAQ:MBUU) by 55.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,801 shares of the company’s stock after selling 15,750 shares during the period. Jane Street Group LLC owned about 0.06% of Malibu Boats worth $497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in MBUU. Bank of New York Mellon Corp lifted its stake in shares of Malibu Boats by 8.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 103,596 shares of the company’s stock valued at $3,630,000 after purchasing an additional 8,422 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Malibu Boats by 4.7% in the 2nd quarter. Principal Financial Group Inc. now owns 9,728 shares of the company’s stock valued at $341,000 after purchasing an additional 435 shares during the period. Rhumbline Advisers lifted its stake in shares of Malibu Boats by 11.0% in the 2nd quarter. Rhumbline Advisers now owns 34,411 shares of the company’s stock valued at $1,206,000 after purchasing an additional 3,406 shares during the period. Koss Olinger Consulting LLC acquired a new position in shares of Malibu Boats in the 2nd quarter valued at $1,749,000. Finally, Studio Investment Management LLC lifted its stake in shares of Malibu Boats by 264.4% in the 2nd quarter. Studio Investment Management LLC now owns 707 shares of the company’s stock valued at $25,000 after purchasing an additional 513 shares during the period. 91.35% of the stock is currently owned by institutional investors and hedge funds.

Malibu Boats Price Performance

Malibu Boats stock opened at $37.29 on Monday. Malibu Boats, Inc. has a 52-week low of $30.20 and a 52-week high of $54.31. The firm has a market capitalization of $735.17 million, a price-to-earnings ratio of -9.37 and a beta of 1.32. The company has a fifty day simple moving average of $41.44 and a 200-day simple moving average of $38.47. The company has a quick ratio of 0.52, a current ratio of 1.55 and a debt-to-equity ratio of 0.05.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MBUU shares. Truist Financial boosted their target price on shares of Malibu Boats from $32.00 to $42.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Robert W. Baird boosted their price target on shares of Malibu Boats from $40.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. StockNews.com raised shares of Malibu Boats to a “sell” rating in a report on Saturday, November 2nd. 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 report on Friday, November 1st. Finally, KeyCorp boosted their price target on shares of Malibu Boats from $38.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Malibu Boats 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.