Malibu Boats, Inc. (NASDAQ:MBUU) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. cut its position in Malibu Boats, Inc. (NASDAQ:MBUU - Free Report) by 40.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,094 shares of the company's stock after selling 34,460 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.26% of Malibu Boats worth $1,883,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Bank of America Corp DE increased its stake in shares of Malibu Boats by 20.8% in the fourth quarter. Bank of America Corp DE now owns 302,864 shares of the company's stock valued at $11,385,000 after buying an additional 52,160 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Malibu Boats by 0.7% in the fourth quarter. Ameriprise Financial Inc. now owns 123,094 shares of the company's stock valued at $4,627,000 after purchasing an additional 815 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Malibu Boats by 145.9% in the fourth quarter. Jane Street Group LLC now owns 31,484 shares of the company's stock valued at $1,183,000 after purchasing an additional 18,683 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Malibu Boats by 7.2% in the fourth quarter. Northern Trust Corp now owns 196,253 shares of the company's stock valued at $7,377,000 after purchasing an additional 13,113 shares in the last quarter. Finally, Quarry LP bought a new stake in Malibu Boats during the fourth quarter worth $45,000. 91.35% of the stock is currently owned by institutional investors.

Malibu Boats Stock Down 1.5%

Shares of MBUU traded down $0.46 during trading hours on Friday, hitting $29.57. The company had a trading volume of 110,464 shares, compared to its average volume of 209,445. Malibu Boats, Inc. has a 52-week low of $24.43 and a 52-week high of $47.82. The firm has a fifty day moving average price of $29.22 and a 200-day moving average price of $34.85. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.45 and a current ratio of 1.52. The stock has a market capitalization of $567.48 million, a price-to-earnings ratio of -6.80 and a beta of 1.23.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.06. The company had revenue of $228.66 million during the quarter, compared to the consensus estimate of $226.44 million. Malibu Boats had a positive return on equity of 1.04% and a negative net margin of 12.09%. The firm's revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.63 EPS. On average, equities research analysts forecast that Malibu Boats, Inc. will post 1.69 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Benchmark restated a "buy" rating and issued a $44.00 target price on shares of Malibu Boats in a research note on Tuesday, February 4th. Truist Financial decreased their price objective on Malibu Boats from $38.00 to $28.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Baird R W lowered Malibu Boats from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Robert W. Baird reiterated a "neutral" rating and set a $32.00 price objective (down from $50.00) on shares of Malibu Boats in a research note on Friday, April 4th. Finally, KeyCorp lowered Malibu Boats from an "overweight" rating to a "sector weight" rating in a research note on Thursday, March 20th. Seven equities 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.com, the company has an average rating of "Hold" and a consensus price target of $38.17.

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.