Schroder Investment Management Group Sells 38,596 Shares of Malibu Boats, Inc. $MBUU

Schroder Investment Management Group lessened its position in Malibu Boats, Inc. (NASDAQ:MBUU) by 15.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 219,160 shares of the company’s stock after selling 38,596 shares during the quarter. Schroder Investment Management Group’s holdings in Malibu Boats were worth $7,061,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of MBUU. Creative Planning boosted its position in Malibu Boats by 5.0% during the 2nd quarter. Creative Planning now owns 9,471 shares of the company’s stock worth $297,000 after acquiring an additional 453 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Malibu Boats by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,590 shares of the company’s stock worth $356,000 after purchasing an additional 491 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Malibu Boats by 2.3% during the second quarter. Envestnet Asset Management Inc. now owns 22,111 shares of the company’s stock worth $693,000 after purchasing an additional 506 shares during the last quarter. GAMMA Investing LLC grew its position in Malibu Boats by 532.3% in the second quarter. GAMMA Investing LLC now owns 999 shares of the company’s stock valued at $31,000 after purchasing an additional 841 shares in the last quarter. Finally, Vident Advisory LLC increased its stake in Malibu Boats by 16.5% in the 1st quarter. Vident Advisory LLC now owns 13,649 shares of the company’s stock valued at $419,000 after buying an additional 1,934 shares during the last quarter. Institutional investors own 91.35% of the company’s stock.

Analyst Ratings Changes

MBUU has been the subject of a number of recent research reports. Weiss Ratings restated a “sell (d)” rating on shares of Malibu Boats in a research note on Tuesday. Truist Financial upped their target price on Malibu Boats from $30.00 to $37.00 and gave the stock a “hold” rating in a report on Tuesday, October 28th. Zacks Research cut Malibu Boats from a “hold” rating to a “strong sell” rating in a research report on Friday, November 28th. B. Riley lowered their price target on Malibu Boats from $33.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 25th. Finally, DA Davidson dropped their price objective on Malibu Boats from $33.00 to $31.00 and set a “neutral” rating on the stock in a research note on Monday, September 8th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Malibu Boats currently has an average rating of “Reduce” and an average target price of $36.50.

Malibu Boats Stock Up 1.6%

Shares of MBUU stock opened at $27.59 on Friday. Malibu Boats, Inc. has a 52-week low of $24.07 and a 52-week high of $45.02. The stock has a market cap of $530.56 million, a price-to-earnings ratio of 28.15 and a beta of 1.20. The firm’s 50-day moving average is $29.17 and its 200-day moving average is $31.85. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.68 and a current ratio of 1.63.

Malibu Boats (NASDAQ:MBUU) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. The firm had revenue of $194.73 million for the quarter, compared to the consensus estimate of $182.09 million. Malibu Boats had a return on equity of 5.28% and a net margin of 2.31%.The business’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.08 earnings per share. Sell-side analysts predict 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.