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

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired a new stake in Malibu Boats, purchasing 29,173 shares valued at approximately $895,000, which represents about 0.15% ownership as of its latest filing.
• Malibu Boats' stock has experienced a 2.6% decline, trading at $32.43, with analysts forecasting an earnings per share of 1.69 for the current fiscal year.
• A number of analysts have recently adjusted their ratings and price targets for Malibu Boats, with the consensus rating currently set at "Hold" and an average target price of $36.40.

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

Several other hedge funds have also recently bought and sold shares of MBUU. Heck Capital Advisors LLC bought a new position in Malibu Boats in the 4th quarter worth approximately $38,000. Quarry LP bought a new stake in shares of Malibu Boats in the 4th quarter valued at approximately $45,000. KLP Kapitalforvaltning AS bought a new position in shares of Malibu Boats during the fourth quarter valued at $150,000. GAMMA Investing LLC grew its stake in Malibu Boats by 2,154.4% during the first quarter. GAMMA Investing LLC now owns 4,847 shares of the company's stock worth $158,000 after buying an additional 4,632 shares during the last quarter. Finally, ProShare Advisors LLC acquired a new stake in Malibu Boats during the 4th quarter valued at $207,000. 91.35% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Truist Financial dropped their target price 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. DA Davidson began coverage on Malibu Boats in a research report on Tuesday, June 3rd. They issued a "neutral" rating and a $33.00 price objective on the stock. Finally, Wall Street Zen upgraded Malibu Boats from a "sell" rating to a "hold" rating in a research report on Tuesday, April 15th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $36.40.

Malibu Boats Stock Up 0.7%

Shares of NASDAQ MBUU traded up $0.23 during mid-day trading on Tuesday, reaching $33.50. 26,422 shares of the company's stock were exchanged, compared to its average volume of 174,979. The company has a current ratio of 1.60, a quick ratio of 0.61 and a debt-to-equity ratio of 0.05. The business has a fifty day simple moving average of $32.94 and a 200 day simple moving average of $32.29. Malibu Boats, Inc. has a twelve month low of $24.42 and a twelve month high of $47.82. The firm has a market capitalization of $642.77 million, a price-to-earnings ratio of -81.70 and a beta of 1.12.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.06. The firm 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 company's revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter last year, the business posted $0.63 EPS. As a group, equities analysts expect that Malibu Boats, Inc. will post 1.69 EPS for the current fiscal year.

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.