Malibu Boats, Inc. (NASDAQ:MBUU) Receives Consensus Rating of “Hold” from Analysts

Shares of Malibu Boats, Inc. (NASDAQ:MBUU) have been given an average rating of “Hold” by the seven research firms that are covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $38.17.

Several equities analysts have issued reports on the stock. StockNews.com upgraded shares of Malibu Boats from a “sell” rating to a “hold” rating in a research note on Tuesday, April 15th. KeyCorp downgraded Malibu Boats from an “overweight” rating to a “sector weight” rating in a research note on Thursday, March 20th. Baird R W cut Malibu Boats from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Robert W. Baird reaffirmed a “neutral” rating and issued a $32.00 target price (down from $50.00) on shares of Malibu Boats in a report on Friday, April 4th. Finally, Benchmark reiterated a “buy” rating and set a $44.00 price target on shares of Malibu Boats in a research note on Tuesday, February 4th.

Malibu Boats Trading Down 0.7 %

MBUU opened at $29.71 on Tuesday. The business’s 50-day simple moving average is $29.43 and its 200-day simple moving average is $35.89. The company has a market cap of $583.36 million, a P/E ratio of -6.83 and a beta of 1.23. Malibu Boats has a one year low of $24.43 and a one year high of $47.82. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.45 and a current ratio of 1.52.

Institutional Investors Weigh In On Malibu Boats

Institutional investors have recently made changes to their positions in the stock. Twin Lions Management LLC purchased a new stake in Malibu Boats during the fourth quarter worth about $19,807,000. Bank of New York Mellon Corp lifted its position in shares of Malibu Boats by 370.5% during the 4th quarter. Bank of New York Mellon Corp now owns 440,829 shares of the company’s stock valued at $16,571,000 after acquiring an additional 347,144 shares during the period. Lodge Hill Capital LLC boosted its stake in shares of Malibu Boats by 74.6% during the 4th quarter. Lodge Hill Capital LLC now owns 530,514 shares of the company’s stock worth $19,942,000 after acquiring an additional 226,650 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Malibu Boats in the 4th quarter worth approximately $8,221,000. Finally, Schroder Investment Management Group purchased a new position in Malibu Boats in the 4th quarter valued at approximately $6,888,000. 91.35% of the stock is currently owned by hedge funds and other institutional investors.

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.