Victory Capital Management Inc. Raises Stock Holdings in Malibu Boats, Inc. (NASDAQ:MBUU)

Victory Capital Management Inc. increased its position in Malibu Boats, Inc. (NASDAQ:MBUU) by 781.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,802 shares of the company’s stock after purchasing an additional 13,123 shares during the period. Victory Capital Management Inc. owned 0.08% of Malibu Boats worth $556,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC grew its stake in shares of Malibu Boats by 8.2% in the third quarter. Geode Capital Management LLC now owns 576,070 shares of the company’s stock worth $22,361,000 after acquiring an additional 43,769 shares during the last quarter. Meros Investment Management LP purchased a new stake in shares of Malibu Boats during the third quarter valued at $4,117,000. Barclays PLC boosted its position in shares of Malibu Boats by 92.6% during the third quarter. Barclays PLC now owns 46,919 shares of the company’s stock valued at $1,820,000 after buying an additional 22,556 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Malibu Boats by 6.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 121,711 shares of the company’s stock valued at $4,575,000 after buying an additional 7,186 shares during the last quarter. Finally, Atom Investors LP boosted its position in shares of Malibu Boats by 219.0% during the third quarter. Atom Investors LP now owns 55,357 shares of the company’s stock valued at $2,148,000 after buying an additional 38,002 shares during the last quarter. 91.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MBUU has been the topic of several recent analyst reports. Truist Financial increased their price objective on Malibu Boats from $34.00 to $38.00 and gave the company a “hold” rating in a research report on Friday, January 31st. StockNews.com raised Malibu Boats from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. KeyCorp downgraded Malibu Boats from an “overweight” rating to a “sector weight” rating in a report on Thursday. Benchmark reissued a “buy” rating and issued a $44.00 target price on shares of Malibu Boats in a report on Tuesday, February 4th. Finally, B. Riley raised Malibu Boats to a “hold” rating in a report on Wednesday, February 12th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $42.83.

Malibu Boats Stock Down 0.9 %

NASDAQ MBUU opened at $29.55 on Friday. The stock’s 50-day moving average price is $34.91 and its 200-day moving average price is $38.34. The company has a quick ratio of 0.45, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. Malibu Boats, Inc. has a 52 week low of $29.02 and a 52 week high of $47.82. The company has a market capitalization of $580.21 million, a P/E ratio of -6.79 and a beta of 1.42.

Malibu Boats (NASDAQ:MBUU) last released its earnings results 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, equities research analysts predict that Malibu Boats, Inc. will post 1.69 earnings per share for the current year.

About Malibu Boats

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.