Cooke & Bieler LP Has $41.91 Million Holdings in Malibu Boats, Inc. (NASDAQ:MBUU)

Cooke & Bieler LP increased its position in Malibu Boats, Inc. (NASDAQ:MBUU - Free Report) by 1.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,366,003 shares of the company's stock after purchasing an additional 22,343 shares during the period. Cooke & Bieler LP owned about 6.96% of Malibu Boats worth $41,909,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MBUU. Heck Capital Advisors LLC acquired a new position in Malibu Boats in the 4th quarter worth approximately $38,000. Quarry LP acquired a new position in Malibu Boats in the 4th quarter worth approximately $45,000. KLP Kapitalforvaltning AS acquired a new position in Malibu Boats in the 4th quarter worth approximately $150,000. GAMMA Investing LLC boosted its stake in Malibu Boats by 2,154.4% in the 1st quarter. GAMMA Investing LLC now owns 4,847 shares of the company's stock worth $158,000 after purchasing an additional 4,632 shares during the period. Finally, ProShare Advisors LLC acquired a new position in Malibu Boats in the 4th quarter worth approximately $207,000. Institutional investors and hedge funds own 91.35% of the company's stock.

Malibu Boats Stock Down 1.2%

Shares of Malibu Boats stock traded down $0.41 during midday trading on Friday, reaching $32.91. 117,113 shares of the company's stock traded hands, compared to its average volume of 194,556. The company has a market cap of $631.58 million, a price-to-earnings ratio of -80.27 and a beta of 1.14. The company's 50 day simple moving average is $32.15 and its 200 day simple moving average is $32.45. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.61 and a current ratio of 1.60. Malibu Boats, Inc. has a 52 week low of $24.43 and a 52 week high of $47.82.

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 for the quarter, beating analysts' consensus estimates of $0.66 by $0.06. The business had revenue of $228.66 million for the quarter, compared to the consensus estimate of $226.44 million. Malibu Boats had a negative net margin of 1.19% and a positive return on equity of 1.66%. Malibu Boats's revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 EPS. Equities analysts expect that Malibu Boats, Inc. will post 1.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. 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 for the company. Robert W. Baird reiterated a "neutral" rating and issued a $32.00 target price (down previously from $50.00) on shares of Malibu Boats in a research report on Friday, April 4th. KeyCorp downgraded shares of Malibu Boats from an "overweight" rating to a "sector weight" rating in a research report on Thursday, March 20th. Wall Street Zen upgraded shares of Malibu Boats from a "sell" rating to a "hold" rating in a research report on Tuesday, April 15th. Finally, Baird R W downgraded shares of Malibu Boats from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average 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.