Northern Trust Corp Buys 13,113 Shares of Malibu Boats, Inc. (NASDAQ:MBUU)

Northern Trust Corp boosted its position in shares of Malibu Boats, Inc. (NASDAQ:MBUU - Free Report) by 7.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 196,253 shares of the company's stock after buying an additional 13,113 shares during the quarter. Northern Trust Corp owned 1.00% of Malibu Boats worth $7,377,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Quarry LP acquired a new stake in Malibu Boats in the 4th quarter valued at about $45,000. Oberweis Asset Management Inc. bought a new stake in shares of Malibu Boats in the 4th quarter worth approximately $6,274,000. Price T Rowe Associates Inc. MD lifted its stake in Malibu Boats by 10.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,111 shares of the company's stock valued at $456,000 after purchasing an additional 1,103 shares during the last quarter. Twin Lions Management LLC acquired a new stake in Malibu Boats during the fourth quarter valued at approximately $19,807,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Malibu Boats by 518.2% during the fourth 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 in the last quarter. 91.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Baird R W downgraded Malibu Boats from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. KeyCorp cut Malibu Boats from an "overweight" rating to a "sector weight" rating in a research note on Thursday, March 20th. Wall Street Zen upgraded shares of Malibu Boats from a "sell" rating to a "hold" rating in a report on Tuesday, April 15th. B. Riley upgraded shares of Malibu Boats to a "hold" rating in a research report on Wednesday, February 12th. Finally, Benchmark reiterated a "buy" rating and set a $44.00 price objective on shares of Malibu Boats in a research report on Tuesday, February 4th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $38.17.

Malibu Boats Stock Down 1.5%

Malibu Boats stock 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 fifty-two week low of $24.43 and a fifty-two 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. The firm has a market capitalization of $567.48 million, a P/E ratio of -6.80 and a beta of 1.23. The firm's fifty day moving average is $29.22 and its 200-day moving average is $34.78.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.72 earnings per share 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 the consensus estimate of $226.44 million. During the same period in the prior year, the business posted $0.63 earnings per share. Malibu Boats's revenue for the quarter was up 12.4% compared to the same quarter last year. On average, research analysts forecast that Malibu Boats, Inc. will post 1.69 earnings per share for the current year.

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.