Tybourne Capital Management HK Ltd. Invests $3.01 Million in Malibu Boats, Inc. (NASDAQ:MBUU)

Tybourne Capital Management HK Ltd. bought a new position in shares of Malibu Boats, Inc. (NASDAQ:MBUU - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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 portfolio, making the stock its 25th biggest holding. Tybourne Capital Management HK Ltd. owned about 0.41% of Malibu Boats 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 MBUU. Twin Lions Management LLC acquired a new position in shares of Malibu Boats in the 4th quarter worth approximately $19,807,000. Bank of New York Mellon Corp raised its position in Malibu Boats by 370.5% in the fourth quarter. Bank of New York Mellon Corp now owns 440,829 shares of the company's stock valued at $16,571,000 after purchasing an additional 347,144 shares during the period. Lodge Hill Capital LLC raised its position in Malibu Boats by 74.6% in the fourth quarter. Lodge Hill Capital LLC now owns 530,514 shares of the company's stock valued at $19,942,000 after purchasing an additional 226,650 shares during the period. Raymond James Financial Inc. acquired a new position in Malibu Boats during the fourth quarter worth $8,221,000. Finally, Schroder Investment Management Group purchased a new position in shares of Malibu Boats during the fourth quarter worth $6,888,000. Institutional investors and hedge funds own 91.35% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MBUU. Benchmark reiterated a "buy" rating and issued a $44.00 price objective on shares of Malibu Boats in a report on Tuesday, February 4th. Truist Financial cut 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 note on Monday, April 14th. B. Riley raised shares of Malibu Boats to a "hold" rating in a research report on Wednesday, February 12th. Baird R W cut shares of Malibu Boats from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, Wall Street Zen raised shares of Malibu Boats from a "sell" rating to a "hold" rating in a research note on Tuesday, April 15th. Seven investment 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.com, Malibu Boats currently has an average rating of "Hold" and a consensus price target of $38.17.

Malibu Boats Stock Down 0.8%

Shares of MBUU traded down $0.25 during midday trading on Friday, hitting $29.78. The company had a trading volume of 61,288 shares, compared to its average volume of 210,835. Malibu Boats, Inc. has a 1 year low of $24.43 and a 1 year high of $47.82. The firm has a market capitalization of $571.47 million, a P/E ratio of -6.85 and a beta of 1.23. 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 $29.24 and its 200-day simple moving average is $35.02.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last issued 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. 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 for 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 firm's revenue was up 12.4% compared to the same quarter last year. As a group, sell-side analysts expect that Malibu Boats, Inc. will post 1.69 EPS for the current year.

About Malibu Boats

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.