29,173 Shares in Malibu Boats, Inc. (NASDAQ:MBUU) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Malibu Boats, Inc. (NASDAQ:MBUU - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 29,173 shares of the company's stock, valued at approximately $895,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.15% of Malibu Boats as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Pzena Investment Management LLC lifted its holdings in shares of Malibu Boats by 0.8% during the 1st quarter. Pzena Investment Management LLC now owns 1,534,839 shares of the company's stock valued at $47,089,000 after purchasing an additional 11,486 shares during the last quarter. Cooke & Bieler LP raised its stake in Malibu Boats by 1.7% in the first quarter. Cooke & Bieler LP now owns 1,366,003 shares of the company's stock valued at $41,909,000 after buying an additional 22,343 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in Malibu Boats by 58.5% in the first quarter. Exchange Traded Concepts LLC now owns 12,640 shares of the company's stock valued at $388,000 after buying an additional 4,663 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Malibu Boats by 2,154.4% in the first quarter. GAMMA Investing LLC now owns 4,847 shares of the company's stock worth $158,000 after acquiring an additional 4,632 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Malibu Boats by 3.8% during the fourth quarter. Wellington Management Group LLP now owns 1,533,605 shares of the company's stock worth $57,648,000 after acquiring an additional 56,629 shares during the last quarter. 91.35% of the stock is currently owned by institutional investors and hedge funds.

Malibu Boats Stock Down 2.6%

NASDAQ:MBUU opened at $32.43 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.60 and a quick ratio of 0.61. The company's fifty day moving average price is $32.86 and its 200-day moving average price is $32.35. Malibu Boats, Inc. has a 1-year low of $24.42 and a 1-year high of $47.82. The firm has a market capitalization of $622.33 million, a P/E ratio of -79.10 and a beta of 1.12.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.06. The company had revenue of $228.66 million for the quarter, compared to the consensus estimate of $226.44 million. Malibu Boats had a positive return on equity of 1.66% and a negative net margin of 1.19%. The firm's revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period last year, the firm earned $0.63 EPS. As a group, equities research analysts anticipate that Malibu Boats, Inc. will post 1.69 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on MBUU shares. Wall Street Zen raised shares of Malibu Boats from a "sell" rating to a "hold" rating in a research report on Tuesday, April 15th. Robert W. Baird reaffirmed a "neutral" rating and issued a $32.00 price target (down previously from $50.00) on shares of Malibu Boats in a report on Friday, April 4th. Truist Financial lowered their price objective on shares of Malibu Boats from $38.00 to $28.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Baird R W downgraded Malibu Boats from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, DA Davidson initiated coverage on Malibu Boats in a research note on Tuesday, June 3rd. They issued a "neutral" rating and a $33.00 target price for the company. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $36.40.

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.

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