New York State Common Retirement Fund Has $228,000 Stake in Malibu Boats, Inc. (NASDAQ:MBUU)

New York State Common Retirement Fund reduced its stake in shares of Malibu Boats, Inc. (NASDAQ:MBUU) by 30.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,072 shares of the company’s stock after selling 2,600 shares during the quarter. New York State Common Retirement Fund’s holdings in Malibu Boats were worth $228,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Heck Capital Advisors LLC acquired a new position in Malibu Boats during the fourth quarter valued at approximately $38,000. Studio Investment Management LLC raised its holdings in Malibu Boats by 53.7% in the third quarter. Studio Investment Management LLC now owns 1,087 shares of the company’s stock worth $42,000 after purchasing an additional 380 shares during the period. Central Pacific Bank Trust Division boosted its position in shares of 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 purchasing an additional 368 shares in the last quarter. US Bancorp DE grew its holdings in shares of Malibu Boats by 851.7% in the 3rd quarter. US Bancorp DE now owns 5,434 shares of the company’s stock valued at $211,000 after buying an additional 4,863 shares during the period. Finally, Versor Investments LP bought a new stake in shares of Malibu Boats in the 3rd quarter valued at $217,000. 91.35% of the stock is owned by institutional investors.

Malibu Boats Price Performance

NASDAQ MBUU opened at $30.84 on Thursday. The firm’s 50 day moving average is $36.27 and its 200-day moving average is $38.76. The company has a quick ratio of 0.45, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $605.54 million, a PE ratio of -7.09 and a beta of 1.33. Malibu Boats, Inc. has a 12-month low of $29.69 and a 12-month high of $47.82.

Malibu Boats (NASDAQ:MBUU) last released its earnings results on Thursday, January 30th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates 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 anticipate that Malibu Boats, Inc. will post 1.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on MBUU. StockNews.com lowered Malibu Boats from a “hold” rating to a “sell” rating in a report on Monday. Benchmark reiterated a “buy” rating and issued a $44.00 price objective on shares of Malibu Boats in a research report on Tuesday, February 4th. KeyCorp lowered their target price on Malibu Boats from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Truist Financial lifted their price target on shares of Malibu Boats from $34.00 to $38.00 and gave the company a “hold” rating in a research note on Friday, January 31st. Finally, B. Riley raised shares of Malibu Boats to a “hold” rating in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $42.83.

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.