Jane Street Group LLC Increases Stock Position in Malibu Boats, Inc. (NASDAQ:MBUU)

Jane Street Group LLC boosted its holdings in shares of Malibu Boats, Inc. (NASDAQ:MBUU - Free Report) by 145.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,484 shares of the company's stock after purchasing an additional 18,683 shares during the quarter. Jane Street Group LLC owned approximately 0.16% of Malibu Boats worth $1,183,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Schroder Investment Management Group purchased a new position in Malibu Boats during the fourth quarter worth approximately $6,888,000. Wellington Management Group LLP lifted its holdings in Malibu Boats by 3.8% during the fourth quarter. Wellington Management Group LLP now owns 1,533,605 shares of the company's stock valued at $57,648,000 after purchasing an additional 56,629 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Malibu Boats by 6.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 121,711 shares of the company's stock valued at $4,575,000 after acquiring an additional 7,186 shares in the last quarter. Barclays PLC lifted its position in shares of Malibu Boats by 92.6% in the third quarter. Barclays PLC now owns 46,919 shares of the company's stock valued at $1,820,000 after acquiring an additional 22,556 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Malibu Boats by 10.6% in the fourth quarter. American Century Companies Inc. now owns 579,664 shares of the company's stock valued at $21,790,000 after acquiring an additional 55,767 shares in the last quarter. Hedge funds and other institutional investors own 91.35% of the company's stock.

Analysts Set New Price Targets

MBUU has been the topic of several research reports. Benchmark reissued a "buy" rating and issued a $44.00 price target on shares of Malibu Boats in a research note on Tuesday, February 4th. B. Riley upgraded Malibu Boats to a "hold" rating in a research report on Wednesday, February 12th. KeyCorp downgraded shares of Malibu Boats from an "overweight" rating to a "sector weight" rating in a research note on Thursday, March 20th. Baird R W downgraded shares of Malibu Boats from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, Robert W. Baird restated 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. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Malibu Boats currently has an average rating of "Hold" and an average price target of $38.17.

Malibu Boats Stock Performance

Shares of Malibu Boats stock opened at $31.91 on Wednesday. The firm has a market capitalization of $612.38 million, a P/E ratio of -7.34 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 quick ratio of 0.45, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. The firm's 50 day moving average is $29.29 and its two-hundred day moving average is $35.14.

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

About Malibu Boats

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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