SG Americas Securities LLC Grows Stock Position in Malibu Boats, Inc. (NASDAQ:MBUU)

SG Americas Securities LLC raised its holdings in Malibu Boats, Inc. (NASDAQ:MBUU) by 52.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,951 shares of the company’s stock after buying an additional 2,739 shares during the quarter. SG Americas Securities LLC’s holdings in Malibu Boats were worth $299,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Malibu Boats by 15.8% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 394,288 shares of the company’s stock worth $14,821,000 after buying an additional 53,907 shares during the last quarter. Central Pacific Bank Trust Division increased its stake in Malibu Boats by 11.3% during the fourth quarter. Central Pacific Bank Trust Division now owns 3,626 shares of the company’s stock worth $136,000 after acquiring an additional 368 shares during the last quarter. Meros Investment Management LP purchased a new position in shares of Malibu Boats in the 3rd quarter worth about $4,117,000. Geode Capital Management LLC lifted its stake in shares of Malibu Boats by 8.2% in the 3rd quarter. Geode Capital Management LLC now owns 576,070 shares of the company’s stock valued at $22,361,000 after purchasing an additional 43,769 shares in the last quarter. Finally, Barclays PLC lifted its stake in shares of Malibu Boats by 92.6% in the 3rd quarter. Barclays PLC now owns 46,919 shares of the company’s stock valued at $1,820,000 after purchasing an additional 22,556 shares in the last quarter. Hedge funds and other institutional investors own 91.35% of the company’s stock.

Malibu Boats Stock Performance

NASDAQ:MBUU opened at $38.43 on Thursday. The firm has a 50-day moving average of $38.61 and a two-hundred day moving average of $38.79. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.52 and a quick ratio of 0.45. The stock has a market cap of $754.77 million, a P/E ratio of -8.83 and a beta of 1.33. Malibu Boats, Inc. has a 1-year low of $30.20 and a 1-year high of $50.39.

Malibu Boats (NASDAQ:MBUU) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). Malibu Boats had a positive return on equity of 1.04% and a negative net margin of 12.09%. On average, research analysts expect that Malibu Boats, Inc. will post 2.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on MBUU shares. Benchmark restated a “buy” rating and issued a $44.00 price target on shares of Malibu Boats in a report on Tuesday. Robert W. Baird raised their target price on shares of Malibu Boats from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. StockNews.com upgraded shares of Malibu Boats to a “sell” rating in a report on Saturday, November 2nd. Truist Financial increased their price target on Malibu Boats from $34.00 to $38.00 and gave the company a “hold” rating in a report on Friday, January 31st. Finally, DA Davidson cut Malibu Boats from a “buy” rating to a “neutral” rating and set a $45.00 price objective on the stock. in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Malibu Boats currently has an average rating of “Hold” and an average target price of $42.83.

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.