Villanova Investment Management Co LLC Decreases Stake in Malibu Boats, Inc. $MBUU

Key Points

• Villanova Investment Management Co LLC reduced its stake in Malibu Boats (NASDAQ: MBUU) by 65.5%, selling 29,227 shares and leaving it with just 15,402 shares valued at approximately $473,000.
• Analysts have recently downgraded Malibu Boats’ rating; Zacks Research changed it from "hold" to "strong sell," while DA Davidson lowered the price target from $33 to $31.
• Despite missing earnings expectations for the last quarter, Malibu Boats reported a 30.4% increase in revenue, totaling $207.04 million compared to analysts' estimates of $195.28 million.

Villanova Investment Management Co LLC trimmed its stake in shares of Malibu Boats, Inc. (NASDAQ:MBUU - Free Report) by 65.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,402 shares of the company's stock after selling 29,227 shares during the period. Villanova Investment Management Co LLC owned 0.08% of Malibu Boats worth $473,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MBUU. Price T Rowe Associates Inc. MD lifted its holdings 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 in the last quarter. Northern Trust Corp raised its position in shares of Malibu Boats by 7.2% in the fourth quarter. Northern Trust Corp now owns 196,253 shares of the company's stock valued at $7,377,000 after buying an additional 13,113 shares during the last quarter. Jane Street Group LLC raised its position in shares of Malibu Boats by 145.9% in the fourth quarter. Jane Street Group LLC now owns 31,484 shares of the company's stock valued at $1,183,000 after buying an additional 18,683 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Malibu Boats by 0.7% in the fourth quarter. Ameriprise Financial Inc. now owns 123,094 shares of the company's stock valued at $4,627,000 after buying an additional 815 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Malibu Boats by 20.8% in the fourth quarter. Bank of America Corp DE now owns 302,864 shares of the company's stock valued at $11,385,000 after buying an additional 52,160 shares during the last quarter. 91.35% of the stock is owned by hedge funds and other institutional investors.

Malibu Boats Stock Up 0.5%

Shares of NASDAQ MBUU traded up $0.16 during midday trading on Tuesday, hitting $33.46. The company's stock had a trading volume of 40,361 shares, compared to its average volume of 179,114. The business's fifty day simple moving average is $34.48 and its two-hundred day simple moving average is $31.83. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.63 and a quick ratio of 0.58. Malibu Boats, Inc. has a 1 year low of $24.42 and a 1 year high of $47.82. The firm has a market capitalization of $644.11 million, a price-to-earnings ratio of 43.20 and a beta of 1.20.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last posted its quarterly earnings data on Thursday, August 28th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). Malibu Boats had a net margin of 1.84% and a return on equity of 4.93%. The business had revenue of $207.04 million during the quarter, compared to analysts' expectations of $195.28 million. During the same period in the previous year, the business posted ($0.39) EPS. The company's revenue for the quarter was up 30.4% compared to the same quarter last year. On average, equities analysts predict that Malibu Boats, Inc. will post 1.69 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MBUU. Zacks Research cut shares of Malibu Boats from a "hold" rating to a "strong sell" rating in a research report on Thursday, September 4th. DA Davidson cut their price objective on shares of Malibu Boats from $33.00 to $31.00 and set a "neutral" rating for the company in a research report on Monday, September 8th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $36.00.

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.