Malibu Boats (NASDAQ:MBUU) Upgraded at B. Riley

B. Riley upgraded shares of Malibu Boats (NASDAQ:MBUU) to a hold rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

Several other research firms also recently weighed in on MBUU. Robert W. Baird lifted their price objective on Malibu Boats from $40.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, November 1st. StockNews.com upgraded Malibu Boats to a “sell” rating in a research note on Saturday, November 2nd. KeyCorp dropped their price target on Malibu Boats from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Truist Financial boosted their price target on Malibu Boats from $34.00 to $38.00 and gave the stock a “hold” rating in a research note on Friday, January 31st. Finally, Benchmark reiterated a “buy” rating and issued a $44.00 target price on shares of Malibu Boats in a research report on Tuesday, February 4th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $42.83.

Malibu Boats Stock Up 3.2 %

Shares of MBUU opened at $37.37 on Wednesday. The firm has a market capitalization of $733.76 million, a P/E ratio of -8.59 and a beta of 1.33. Malibu Boats has a 12-month low of $30.20 and a 12-month high of $48.92. The company has a current ratio of 1.52, a quick ratio of 0.45 and a debt-to-equity ratio of 0.04. The firm has a fifty day moving average price of $37.74 and a 200-day moving average price of $38.78.

Malibu Boats (NASDAQ:MBUU) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). Malibu Boats had a negative net margin of 12.09% and a positive return on equity of 1.04%. Equities research analysts expect that Malibu Boats will post 1.76 earnings per share for the current year.

Institutional Investors Weigh In On Malibu Boats

Several hedge funds have recently bought and sold shares of MBUU. Heck Capital Advisors LLC purchased a new stake in Malibu Boats in the 4th quarter worth approximately $38,000. Studio Investment Management LLC boosted its position in Malibu Boats by 53.7% in the 3rd quarter. Studio Investment Management LLC now owns 1,087 shares of the company’s stock worth $42,000 after purchasing an additional 380 shares in the last quarter. Quarry LP purchased a new stake in Malibu Boats in the 4th quarter worth approximately $45,000. nVerses Capital LLC purchased a new stake in Malibu Boats in the 3rd quarter worth approximately $74,000. Finally, Central Pacific Bank Trust Division boosted its position in Malibu Boats by 11.3% in the 4th quarter. Central Pacific Bank Trust Division now owns 3,626 shares of the company’s stock worth $136,000 after purchasing an additional 368 shares in the last quarter. Hedge funds and other institutional investors own 91.35% of the company’s stock.

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.