American Century Companies Inc. Raises Stock Holdings in Malibu Boats, Inc. (NASDAQ:MBUU)

American Century Companies Inc. raised its holdings in shares of Malibu Boats, Inc. (NASDAQ:MBUU) by 10.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 579,664 shares of the company’s stock after purchasing an additional 55,767 shares during the quarter. American Century Companies Inc. owned 2.95% of Malibu Boats worth $21,790,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of MBUU. Exchange Traded Concepts LLC increased its holdings in Malibu Boats by 4.1% in the fourth quarter. Exchange Traded Concepts LLC now owns 7,977 shares of the company’s stock valued at $300,000 after buying an additional 311 shares during the last quarter. Central Pacific Bank Trust Division increased its holdings in shares of Malibu Boats by 11.3% in the 4th quarter. Central Pacific Bank Trust Division now owns 3,626 shares of the company’s stock valued at $136,000 after acquiring an additional 368 shares during the last quarter. Heck Capital Advisors LLC acquired a new stake in shares of Malibu Boats during the 4th quarter valued at approximately $38,000. Benjamin Edwards Inc. lifted its stake in Malibu Boats by 28.6% during the third quarter. Benjamin Edwards Inc. now owns 6,572 shares of the company’s stock worth $255,000 after purchasing an additional 1,460 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Malibu Boats by 60.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,879 shares of the company’s stock worth $267,000 after purchasing an additional 2,585 shares during the last quarter. 91.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on MBUU shares. Truist Financial increased their target price on shares of Malibu Boats from $34.00 to $38.00 and gave the stock a “hold” rating in a report on Friday, January 31st. StockNews.com raised shares of Malibu Boats from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. KeyCorp lowered Malibu Boats from an “overweight” rating to a “sector weight” rating in a report on Thursday, March 20th. B. Riley raised Malibu Boats to a “hold” rating in a report on Wednesday, February 12th. Finally, Benchmark restated a “buy” rating and set a $44.00 price objective on shares of Malibu Boats in a research note on Tuesday, February 4th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Malibu Boats has an average rating of “Hold” and an average target price of $42.83.

Malibu Boats Trading Down 4.1 %

Shares of MBUU stock opened at $29.57 on Monday. The firm has a market capitalization of $580.61 million, a PE ratio of -6.80 and a beta of 1.42. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.45 and a current ratio of 1.52. The stock has a fifty day moving average of $34.42 and a two-hundred day moving average of $38.17. Malibu Boats, Inc. has a 1 year low of $29.02 and a 1 year 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 (EPS) for the quarter, missing analysts’ consensus estimates 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%. As a group, research analysts expect that Malibu Boats, Inc. will post 1.69 EPS for the current year.

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.