Malibu Boats, Inc. $MBUU Stake Increased by Lodge Hill Capital LLC

Key Points

• Lodge Hill Capital LLC increased its stake in Malibu Boats by 23.0% during the first quarter, owning a total of 652,674 shares, which comprise 4.7% of its investment portfolio.
• Malibu Boats' stock rose by 3.2%, with a current trading price of $39.52 and a market capitalization of $758.43 million.
• Analysts' ratings for Malibu Boats indicate one Buy rating and six Hold ratings, with a consensus price target of $36.40.

Lodge Hill Capital LLC raised its position in shares of Malibu Boats, Inc. (NASDAQ:MBUU - Free Report) by 23.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 652,674 shares of the company's stock after purchasing an additional 122,160 shares during the quarter. Malibu Boats accounts for about 4.7% of Lodge Hill Capital LLC's investment portfolio, making the stock its 10th biggest holding. Lodge Hill Capital LLC owned 3.32% of Malibu Boats worth $20,024,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MBUU. Heck Capital Advisors LLC purchased a new position in Malibu Boats in the 4th quarter worth approximately $38,000. Quarry LP bought a new position in shares of Malibu Boats during the fourth quarter valued at $45,000. GAMMA Investing LLC boosted its position in shares of Malibu Boats by 2,154.4% during the first quarter. GAMMA Investing LLC now owns 4,847 shares of the company's stock valued at $158,000 after buying an additional 4,632 shares during the last quarter. ProShare Advisors LLC bought a new stake in Malibu Boats in the 4th quarter worth about $207,000. Finally, Tower Research Capital LLC TRC raised its position in Malibu Boats by 518.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,966 shares of the company's stock worth $224,000 after buying an additional 5,001 shares during the last quarter. Institutional investors own 91.35% of the company's stock.

Malibu Boats Stock Up 3.2%

NASDAQ MBUU opened at $39.52 on Thursday. Malibu Boats, Inc. has a 52 week low of $24.42 and a 52 week high of $47.82. The company has a market capitalization of $758.43 million, a P/E ratio of -96.39 and a beta of 1.12. The stock's 50-day moving average price is $34.48 and its 200-day moving average price is $32.13. The company has a quick ratio of 0.61, a current ratio of 1.60 and a debt-to-equity ratio of 0.05.

Analyst Upgrades and Downgrades

Separately, DA Davidson assumed coverage on shares of Malibu Boats in a research report on Tuesday, June 3rd. They set a "neutral" rating and a $33.00 price objective on the stock. One equities research analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Malibu Boats presently has an average rating of "Hold" and a consensus price target of $36.40.

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.

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