StockNews.com Upgrades Malibu Boats (NASDAQ:MBUU) to Hold

Malibu Boats (NASDAQ:MBUU) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

Other equities research analysts have also issued research reports about the stock. Truist Financial boosted their price target on shares of Malibu Boats from $34.00 to $38.00 and gave the company a “hold” rating in a report on Friday, January 31st. KeyCorp cut their target price on shares of Malibu Boats from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Benchmark reaffirmed a “buy” rating and issued a $44.00 target price on shares of Malibu Boats in a research report on Tuesday, February 4th. DA Davidson lowered Malibu Boats from a “buy” rating to a “neutral” rating and set a $45.00 price target on the stock. in a research report on Friday, November 1st. Finally, B. Riley upgraded Malibu Boats to a “hold” rating in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $42.83.

Malibu Boats Price Performance

NASDAQ MBUU opened at $37.37 on Friday. The stock has a market capitalization of $733.95 million, a P/E ratio of -8.59 and a beta of 1.33. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.45 and a current ratio of 1.52. The business’s fifty day moving average is $37.74 and its two-hundred day moving average is $38.78. Malibu Boats has a 1 year low of $30.20 and a 1 year high of $48.92.

Malibu Boats (NASDAQ:MBUU) last announced its earnings results on Thursday, January 30th. The company reported $0.20 EPS 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%. On average, research analysts forecast that Malibu Boats will post 1.76 earnings per share for the current fiscal year.

Institutional Trading of Malibu Boats

A number of institutional investors have recently bought and sold shares of the company. Heck Capital Advisors LLC purchased a new stake in shares of Malibu Boats during the 4th quarter worth about $38,000. Studio Investment Management LLC increased its holdings in Malibu Boats by 53.7% in the third quarter. Studio Investment Management LLC now owns 1,087 shares of the company’s stock worth $42,000 after buying an additional 380 shares during the last quarter. Quarry LP bought a new position in Malibu Boats during the fourth quarter valued at approximately $45,000. nVerses Capital LLC acquired a new stake in Malibu Boats in the third quarter valued at approximately $74,000. Finally, Central Pacific Bank Trust Division grew its position in Malibu Boats by 11.3% in the fourth quarter. Central Pacific Bank Trust Division now owns 3,626 shares of the company’s stock worth $136,000 after acquiring an additional 368 shares in the last quarter. Institutional investors and hedge funds own 91.35% of the company’s stock.

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.