D. E. Shaw & Co. Inc. decreased its position in shares of Malibu Boats, Inc. (NASDAQ:MBUU - Free Report) by 40.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,094 shares of the company's stock after selling 34,460 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.26% of Malibu Boats worth $1,883,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the company. Barclays PLC boosted its stake in Malibu Boats by 92.6% during the third quarter. Barclays PLC now owns 46,919 shares of the company's stock valued at $1,820,000 after buying an additional 22,556 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its holdings in shares of Malibu Boats by 15.8% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 394,288 shares of the company's stock valued at $14,821,000 after purchasing an additional 53,907 shares in the last quarter. SG Americas Securities LLC increased its position in Malibu Boats by 52.6% in the fourth quarter. SG Americas Securities LLC now owns 7,951 shares of the company's stock worth $299,000 after purchasing an additional 2,739 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in Malibu Boats by 4.1% during the fourth quarter. Exchange Traded Concepts LLC now owns 7,977 shares of the company's stock valued at $300,000 after purchasing an additional 311 shares in the last quarter. Finally, Heck Capital Advisors LLC bought a new position in Malibu Boats during the fourth quarter valued at $38,000. 91.35% of the stock is owned by institutional investors.
Malibu Boats Stock Performance
NASDAQ:MBUU traded up $1.18 during trading hours on Tuesday, hitting $30.75. 131,011 shares of the company were exchanged, compared to its average volume of 209,132. The company's 50 day moving average price is $29.22 and its 200-day moving average price is $34.65. The stock has a market capitalization of $590.12 million, a price-to-earnings ratio of -7.07 and a beta of 1.23. Malibu Boats, Inc. has a 52-week low of $24.43 and a 52-week high of $47.82. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.52 and a quick ratio of 0.45.
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 for the quarter, beating analysts' consensus estimates of $0.66 by $0.06. The firm had revenue of $228.66 million for the quarter, compared to analyst estimates of $226.44 million. Malibu Boats had a negative net margin of 12.09% and a positive return on equity of 1.04%. The business's quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.63 earnings per share. As a group, research analysts forecast that Malibu Boats, Inc. will post 1.69 earnings per share for the current year.
Analysts Set New Price Targets
A number of research analysts recently commented on MBUU shares. Truist Financial lowered their price target on shares of Malibu Boats from $38.00 to $28.00 and set a "hold" rating for the company in a report on Monday, April 14th. KeyCorp cut Malibu Boats from an "overweight" rating to a "sector weight" rating in a research note on Thursday, March 20th. Baird R W lowered shares of Malibu Boats from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Robert W. Baird reaffirmed a "neutral" rating and set a $32.00 target price (down previously from $50.00) on shares of Malibu Boats in a research report on Friday, April 4th. Finally, B. Riley upgraded Malibu Boats to a "hold" rating in a research note on Wednesday, February 12th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Malibu Boats currently has a consensus rating of "Hold" and a consensus target price of $38.17.
Read Our Latest Analysis on Malibu Boats
Malibu Boats Company Profile
(
Free Report)
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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