Barclays PLC Increases Position in Malibu Boats, Inc. (NASDAQ:MBUU)

Barclays PLC boosted its holdings in shares of Malibu Boats, Inc. (NASDAQ:MBUU) by 92.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 46,919 shares of the company’s stock after buying an additional 22,556 shares during the period. Barclays PLC’s holdings in Malibu Boats were worth $1,820,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Studio Investment Management LLC grew its position in shares of Malibu Boats by 264.4% in the 2nd quarter. Studio Investment Management LLC now owns 707 shares of the company’s stock valued at $25,000 after buying an additional 513 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of Malibu Boats in the third quarter valued at about $74,000. Benjamin Edwards Inc. increased its stake in Malibu Boats by 43.1% in the 2nd quarter. Benjamin Edwards Inc. now owns 5,112 shares of the company’s stock valued at $179,000 after purchasing an additional 1,539 shares in the last quarter. SG Americas Securities LLC grew its stake in Malibu Boats by 31.6% in the 3rd quarter. SG Americas Securities LLC now owns 5,212 shares of the company’s stock valued at $202,000 after acquiring an additional 1,252 shares during the last quarter. Finally, US Bancorp DE lifted its stake in Malibu Boats by 851.7% in the 3rd quarter. US Bancorp DE now owns 5,434 shares of the company’s stock valued at $211,000 after buying an additional 4,863 shares in the last quarter. Institutional investors and hedge funds own 91.35% of the company’s stock.

Malibu Boats Stock Down 2.1 %

Shares of NASDAQ:MBUU opened at $36.59 on Friday. The firm has a market cap of $721.37 million, a PE ratio of -9.19 and a beta of 1.30. The company has a fifty day simple moving average of $41.89 and a 200 day simple moving average of $38.44. The company has a current ratio of 1.55, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05. Malibu Boats, Inc. has a 12-month low of $30.20 and a 12-month high of $55.70.

Malibu Boats (NASDAQ:MBUU) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.16. Malibu Boats had a negative net margin of 10.90% and a positive return on equity of 2.39%. The business had revenue of $171.60 million during the quarter, compared to the consensus estimate of $165.33 million. During the same quarter in the prior year, the firm earned $1.07 EPS. The company’s revenue for the quarter was down 32.9% compared to the same quarter last year. On average, equities research analysts anticipate that Malibu Boats, Inc. will post 2.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MBUU. Robert W. Baird raised their target price on shares of Malibu Boats from $40.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Truist Financial upped their price target on Malibu Boats from $32.00 to $42.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. KeyCorp lifted their price objective on Malibu Boats from $38.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. DA Davidson downgraded shares of Malibu Boats from a “buy” rating to a “neutral” rating and set a $45.00 target price for the company. in a research report on Friday, November 1st. Finally, Benchmark reaffirmed a “buy” rating and set a $44.00 price target on shares of Malibu Boats in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $44.57.

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.