Malibu Boats, Inc. (NASDAQ:MBUU) Shares Acquired by US Bancorp DE

US Bancorp DE boosted its holdings in shares of Malibu Boats, Inc. (NASDAQ:MBUU) by 132.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,629 shares of the company’s stock after purchasing an additional 7,195 shares during the period. US Bancorp DE owned approximately 0.06% of Malibu Boats worth $475,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MBUU. Exchange Traded Concepts LLC raised its holdings in shares of Malibu Boats by 4.1% during the fourth quarter. Exchange Traded Concepts LLC now owns 7,977 shares of the company’s stock valued at $300,000 after acquiring an additional 311 shares during the period. Central Pacific Bank Trust Division increased its stake 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 valued at $136,000 after buying an additional 368 shares during the period. Studio Investment Management LLC increased its stake in Malibu Boats by 53.7% in the 3rd quarter. Studio Investment Management LLC now owns 1,087 shares of the company’s stock valued at $42,000 after buying an additional 380 shares during the period. Heck Capital Advisors LLC acquired a new position in Malibu Boats in the 4th quarter valued at approximately $38,000. Finally, Benjamin Edwards Inc. increased its stake in Malibu Boats by 28.6% in the 3rd quarter. Benjamin Edwards Inc. now owns 6,572 shares of the company’s stock valued at $255,000 after buying an additional 1,460 shares during the period. 91.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MBUU has been the subject of several recent research reports. KeyCorp decreased their target price on shares of Malibu Boats from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. StockNews.com raised shares of Malibu Boats from a “sell” rating to a “hold” rating in a research report on Tuesday. Truist Financial boosted their target price on shares of Malibu Boats from $34.00 to $38.00 and gave the stock a “hold” rating in a research report on Friday, January 31st. B. Riley raised shares of Malibu Boats to a “hold” rating in a research report on Wednesday, February 12th. Finally, Benchmark reissued 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $42.83.

Malibu Boats Price Performance

Shares of Malibu Boats stock opened at $30.94 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.52 and a quick ratio of 0.45. Malibu Boats, Inc. has a fifty-two week low of $29.69 and a fifty-two week high of $47.82. The firm has a fifty day moving average price of $35.63 and a two-hundred day moving average price of $38.61. The company has a market cap of $607.51 million, a PE ratio of -7.11 and a beta of 1.42.

Malibu Boats (NASDAQ:MBUU) last issued its quarterly 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%. Analysts expect that Malibu Boats, Inc. will post 1.69 EPS 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.