Jane Street Group LLC Buys 18,683 Shares of Malibu Boats, Inc. (NASDAQ:MBUU)

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

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC lifted its position in shares of Malibu Boats by 4.1% during the 4th quarter. Exchange Traded Concepts LLC now owns 7,977 shares of the company's stock worth $300,000 after purchasing an additional 311 shares during the last quarter. Heck Capital Advisors LLC bought a new position in Malibu Boats in the 4th quarter worth approximately $38,000. Price T Rowe Associates Inc. MD increased its position in Malibu Boats by 10.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,111 shares of the company's stock worth $456,000 after buying an additional 1,103 shares during the period. Invesco Ltd. lifted its holdings in shares of Malibu Boats by 2.4% during the fourth quarter. Invesco Ltd. now owns 49,005 shares of the company's stock worth $1,842,000 after buying an additional 1,141 shares during the last quarter. Finally, Quarry LP bought a new stake in shares of Malibu Boats in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 91.35% of the company's stock.

Malibu Boats Price Performance

Shares of NASDAQ:MBUU traded down $0.46 during midday trading on Monday, reaching $29.57. 110,464 shares of the company's stock were exchanged, compared to its average volume of 209,445. 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 company's 50 day simple moving average is $29.20 and its two-hundred day simple moving average is $34.68. Malibu Boats, Inc. has a 12 month low of $24.43 and a 12 month high of $47.82. The firm has a market capitalization of $567.48 million, a PE ratio of -6.80 and a beta of 1.23.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.72 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 firm had revenue of $228.66 million during the quarter, compared to analysts' expectations of $226.44 million. During the same quarter last year, the company earned $0.63 earnings per share. The company's revenue for the quarter was up 12.4% compared to the same quarter last year. Equities research analysts expect that Malibu Boats, Inc. will post 1.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MBUU has been the topic of a number of research reports. Wall Street Zen raised shares of Malibu Boats from a "sell" rating to a "hold" rating in a research report on Tuesday, April 15th. Truist Financial decreased their price target on shares of Malibu Boats from $38.00 to $28.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Baird R W downgraded shares of Malibu Boats from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. 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 note on Friday, April 4th. Finally, KeyCorp downgraded Malibu Boats from an "overweight" rating to a "sector weight" rating in a research report on Thursday, March 20th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Malibu Boats presently has an average rating of "Hold" and an average target price of $38.17.

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.