Meros Investment Management LP Raises Stock Holdings in Malibu Boats, Inc. $MBUU

Key Points

• Meros Investment Management LP increased its stake in Malibu Boats by 11.6%, now owning 117,941 shares worth approximately $3.6 million.
• Malibu Boats has caught the attention of multiple institutional investors, with a significant increase in stakes from companies like GAMMA Investing LLC and Tower Research Capital LLC.
• DA Davidson initiated coverage of Malibu Boats with a "neutral" rating and a target price of $33.00, reflecting an average "Hold" rating among analysts.

Meros Investment Management LP increased its position in Malibu Boats, Inc. (NASDAQ:MBUU - Free Report) by 11.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 117,941 shares of the company's stock after purchasing an additional 12,218 shares during the period. Malibu Boats accounts for 2.1% of Meros Investment Management LP's portfolio, making the stock its 22nd biggest position. Meros Investment Management LP owned approximately 0.60% of Malibu Boats worth $3,618,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its position in Malibu Boats by 7.9% during the 4th quarter. Wells Fargo & Company MN now owns 16,452 shares of the company's stock valued at $618,000 after acquiring an additional 1,211 shares during the period. Invesco Ltd. increased its stake in shares of Malibu Boats by 2.4% during the fourth quarter. Invesco Ltd. now owns 49,005 shares of the company's stock valued at $1,842,000 after purchasing an additional 1,141 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Malibu Boats during the fourth quarter valued at approximately $8,221,000. Tower Research Capital LLC TRC lifted its holdings in shares of Malibu Boats by 518.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,966 shares of the company's stock valued at $224,000 after purchasing an additional 5,001 shares during the last quarter. Finally, Twin Lions Management LLC bought a new stake in shares of Malibu Boats in the 4th quarter worth approximately $19,807,000. Institutional investors own 91.35% of the company's stock.

Malibu Boats Stock Performance

Shares of MBUU stock traded down $0.5410 on Wednesday, reaching $36.0890. The stock had a trading volume of 77,435 shares, compared to its average volume of 171,150. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.61 and a current ratio of 1.60. Malibu Boats, Inc. has a 1 year low of $24.42 and a 1 year high of $47.82. The stock has a market cap of $692.55 million, a P/E ratio of -88.02 and a beta of 1.12. The company has a 50 day simple moving average of $33.74 and a 200 day simple moving average of $32.09.

Wall Street Analysts Forecast Growth

Separately, DA Davidson began 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 research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $36.40.

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.