Malibu Boats (NASDAQ:MBUU) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Malibu Boats (NASDAQ:MBUU) from a hold rating to a sell rating in a report released on Monday.

MBUU has been the subject of a number of other research reports. Benchmark reissued a “buy” rating and set a $44.00 target price on shares of Malibu Boats in a report on Tuesday, February 4th. Truist Financial upped their target price on shares of Malibu Boats from $34.00 to $38.00 and gave the stock a “hold” rating in a report on Friday, January 31st. KeyCorp decreased their price target 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. Finally, B. Riley raised shares of Malibu Boats to a “hold” rating in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $42.83.

Malibu Boats Trading Down 2.7 %

Shares of NASDAQ:MBUU opened at $32.48 on Monday. The business’s 50 day moving average price is $36.49 and its 200-day moving average price is $38.81. Malibu Boats has a 1 year low of $30.20 and a 1 year high of $47.82. The firm has a market capitalization of $637.74 million, a price-to-earnings ratio of -7.47 and a beta of 1.33. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.52 and a quick ratio of 0.45.

Malibu Boats (NASDAQ:MBUU) last announced its earnings results on Thursday, January 30th. The company reported $0.20 earnings per share (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, equities research analysts forecast that Malibu Boats will post 1.69 earnings per share for the current fiscal year.

Institutional Trading of Malibu Boats

Several hedge funds have recently made changes to their positions in the company. Exchange Traded Concepts LLC lifted its holdings in Malibu Boats by 4.1% in the fourth quarter. Exchange Traded Concepts LLC now owns 7,977 shares of the company’s stock valued at $300,000 after acquiring an additional 311 shares during the last quarter. Central Pacific Bank Trust Division increased its position in shares of Malibu Boats by 11.3% during 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 during the last quarter. Studio Investment Management LLC lifted its position in Malibu Boats by 53.7% in the third quarter. Studio Investment Management LLC now owns 1,087 shares of the company’s stock valued at $42,000 after buying an additional 380 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Malibu Boats by 0.7% during the fourth quarter. Ameriprise Financial Inc. now owns 123,094 shares of the company’s stock worth $4,627,000 after buying an additional 815 shares during the period. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Malibu Boats during the fourth quarter valued at about $38,000. Hedge funds and other institutional investors own 91.35% of the company’s stock.

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.