Quantbot Technologies LP Makes New Investment in Malibu Boats, Inc. $MBUU

Key Points

• Quantbot Technologies LP has acquired 11,888 shares of Malibu Boats, Inc. valued at approximately $365,000, representing about 0.06% of the company.
• DA Davidson initiated coverage on Malibu Boats with a "neutral" rating and a price objective of $33.00, while the average price target sits at $36.40.
• Malibu Boats has a market cap of $734.79 million and its stock performance shows a 52-week range between $24.42 and $47.82.

Quantbot Technologies LP purchased a new stake in shares of Malibu Boats, Inc. (NASDAQ:MBUU - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 11,888 shares of the company's stock, valued at approximately $365,000. Quantbot Technologies LP owned about 0.06% of Malibu Boats at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP lifted its position in Malibu Boats by 4.5% in the first quarter. Wellington Management Group LLP now owns 1,601,959 shares of the company's stock valued at $49,148,000 after buying an additional 68,354 shares during the last quarter. Meros Investment Management LP lifted its position in Malibu Boats by 11.6% in the first quarter. Meros Investment Management LP now owns 117,941 shares of the company's stock valued at $3,618,000 after buying an additional 12,218 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Malibu Boats by 233.3% in the first quarter. Russell Investments Group Ltd. now owns 15,790 shares of the company's stock valued at $484,000 after buying an additional 11,053 shares during the last quarter. Nuveen LLC acquired a new position in Malibu Boats in the first quarter valued at about $1,717,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Malibu Boats by 28.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 219,769 shares of the company's stock valued at $6,743,000 after buying an additional 49,107 shares during the last quarter. Institutional investors and hedge funds own 91.35% of the company's stock.

Malibu Boats Trading Up 1.2%

NASDAQ:MBUU traded up $0.40 on Monday, reaching $33.20. 561,402 shares of the company's stock were exchanged, compared to its average volume of 186,466. The company has a quick ratio of 0.58, a current ratio of 1.63 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $639.10 million, a price-to-earnings ratio of 43.12 and a beta of 1.20. The business has a fifty day moving average of $34.53 and a 200-day moving average of $32.02. Malibu Boats, Inc. has a 52-week low of $24.42 and a 52-week high of $47.82.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last issued its quarterly earnings results on Thursday, August 28th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.02). The business had revenue of $207.04 million for the quarter, compared to analysts' expectations of $195.28 million. Malibu Boats had a return on equity of 4.93% and a net margin of 1.84%.The firm's revenue for the quarter was up 30.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.39) earnings per share. As a group, analysts expect that Malibu Boats, Inc. will post 1.69 earnings per share for the current year.

Analyst Ratings Changes

Separately, DA Davidson assumed coverage on shares of Malibu Boats in a research report on Tuesday, June 3rd. They issued a "neutral" rating and a $33.00 target price on the stock. One analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $36.40.

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.