Heck Capital Advisors LLC Makes New Investment in Malibu Boats, Inc. (NASDAQ:MBUU)

Heck Capital Advisors LLC purchased a new position in Malibu Boats, Inc. (NASDAQ:MBUU) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,000 shares of the company’s stock, valued at approximately $38,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC increased its stake in Malibu Boats by 4.1% in the 4th quarter. Exchange Traded Concepts LLC now owns 7,977 shares of the company’s stock worth $300,000 after purchasing an additional 311 shares in the last quarter. 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 worth $136,000 after purchasing an additional 368 shares in the last quarter. 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 worth $42,000 after purchasing an additional 380 shares in the last quarter. Bank of Montreal Can increased its stake in Malibu Boats by 10.4% in the 2nd quarter. Bank of Montreal Can now owns 12,427 shares of the company’s stock worth $442,000 after purchasing an additional 1,170 shares in the last quarter. Finally, SG Americas Securities LLC increased 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 worth $202,000 after purchasing an additional 1,252 shares in the last quarter. 91.35% of the stock is currently owned by institutional investors.

Malibu Boats Trading Down 6.3 %

Shares of NASDAQ:MBUU opened at $35.89 on Tuesday. The company has a current ratio of 1.52, a quick ratio of 0.45 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $704.88 million, a PE ratio of -8.25 and a beta of 1.33. Malibu Boats, Inc. has a 1 year low of $30.20 and a 1 year high of $50.39. The firm has a fifty day moving average price of $38.81 and a 200 day moving average price of $38.79.

Malibu Boats (NASDAQ:MBUU) last posted its earnings results on Thursday, January 30th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate 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 2.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MBUU. Benchmark reissued a “buy” rating and issued a $44.00 price target on shares of Malibu Boats in a research note on Friday, November 1st. StockNews.com upgraded Malibu Boats to a “sell” rating in a report on Saturday, November 2nd. Robert W. Baird raised their price target on shares of Malibu Boats from $40.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. DA Davidson lowered shares of Malibu Boats from a “buy” rating to a “neutral” rating and set a $45.00 price objective on the stock. in a research note on Friday, November 1st. Finally, KeyCorp lowered their price target on shares of Malibu Boats from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $42.83.

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.