Malibu Boats, Inc. (NASDAQ:MBUU) Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC raised its stake in shares of Malibu Boats, Inc. (NASDAQ:MBUU) by 267.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 88,294 shares of the company’s stock after buying an additional 64,297 shares during the period. AQR Capital Management LLC owned approximately 0.43% of Malibu Boats worth $3,094,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Pzena Investment Management LLC bought a new position in Malibu Boats during the second quarter worth $51,800,000. Dimensional Fund Advisors LP boosted its position in Malibu Boats by 10.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,131,877 shares of the company’s stock worth $39,661,000 after acquiring an additional 111,699 shares during the last quarter. Lord Abbett & CO. LLC boosted its position in Malibu Boats by 231.4% during the 1st quarter. Lord Abbett & CO. LLC now owns 312,731 shares of the company’s stock worth $13,535,000 after acquiring an additional 218,378 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of Malibu Boats by 7.2% in the 1st quarter. Bessemer Group Inc. now owns 307,486 shares of the company’s stock valued at $13,307,000 after buying an additional 20,700 shares during the last quarter. Finally, Lodge Hill Capital LLC acquired a new stake in shares of Malibu Boats in the 2nd quarter valued at approximately $4,866,000. Institutional investors and hedge funds own 91.35% of the company’s stock.

Malibu Boats Stock Down 0.5 %

NASDAQ:MBUU opened at $39.52 on Tuesday. The business’s 50-day moving average price is $36.70 and its two-hundred day moving average price is $36.61. Malibu Boats, Inc. has a twelve month low of $30.20 and a twelve month high of $56.03. The stock has a market cap of $807.79 million, a P/E ratio of -14.80 and a beta of 1.38.

Malibu Boats (NASDAQ:MBUU) last posted its quarterly earnings results on Thursday, August 29th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($0.07). The company had revenue of $158.70 million for the quarter, compared to the consensus estimate of $157.54 million. Malibu Boats had a positive return on equity of 6.21% and a negative net margin of 6.74%. Malibu Boats’s revenue was down 57.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.96 earnings per share. On average, equities research analysts expect that Malibu Boats, Inc. will post 1.98 EPS for the current fiscal year.

Analysts Set New Price Targets

MBUU has been the topic of a number of recent analyst reports. Truist Financial restated a “hold” rating and issued a $32.00 price target on shares of Malibu Boats in a research report on Monday, July 8th. DA Davidson restated a “buy” rating and set a $45.00 price objective on shares of Malibu Boats in a research report on Tuesday, September 10th. B. Riley lowered their target price on Malibu Boats from $39.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Finally, StockNews.com downgraded Malibu Boats from a “hold” rating to a “sell” rating in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $40.00.

Malibu Boats 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.