Tybourne Capital Management HK Ltd. Makes New Investment in Malibu Boats, Inc. (NASDAQ:MBUU)

Tybourne Capital Management HK Ltd. acquired a new position in shares of Malibu Boats, Inc. (NASDAQ:MBUU - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 79,966 shares of the company's stock, valued at approximately $3,006,000. Malibu Boats comprises about 0.8% of Tybourne Capital Management HK Ltd.'s holdings, making the stock its 25th largest position. Tybourne Capital Management HK Ltd. owned approximately 0.41% of Malibu Boats as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Heck Capital Advisors LLC acquired a new stake in shares of Malibu Boats during the 4th quarter worth $38,000. Quarry LP acquired a new stake in shares of Malibu Boats during the 4th quarter worth $45,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Malibu Boats during the 4th quarter worth $150,000. ProShare Advisors LLC acquired a new stake in shares of Malibu Boats during the 4th quarter worth $207,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Malibu Boats by 518.2% during 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. 91.35% of the stock is currently owned by institutional investors and hedge funds.

Malibu Boats Stock Down 1.5%

Shares of Malibu Boats stock traded down $0.46 during trading hours on Friday, hitting $29.57. 110,464 shares of the company's stock traded hands, compared to its average volume of 209,334. The stock has a 50 day simple moving average of $29.22 and a 200-day simple moving average of $34.92. 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 company has a market cap of $567.48 million, a PE ratio of -6.80 and a beta of 1.23. Malibu Boats, Inc. has a twelve month low of $24.43 and a twelve month high of $47.82.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Robert W. Baird restated a "neutral" rating and set a $32.00 price objective (down from $50.00) on shares of Malibu Boats in a report on Friday, April 4th. B. Riley upgraded Malibu Boats to a "hold" rating in a report on Wednesday, February 12th. Benchmark reiterated a "buy" rating and issued a $44.00 price target on shares of Malibu Boats in a report on Tuesday, February 4th. Truist Financial lowered their price target on Malibu Boats from $38.00 to $28.00 and set a "hold" rating for the company in a report on Monday, April 14th. Finally, Baird R W downgraded Malibu Boats from a "strong-buy" rating to a "hold" rating in a 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 stock. According to data from MarketBeat.com, Malibu Boats presently has a consensus rating of "Hold" and an average price target of $38.17.

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.