Villanova Investment Management Co LLC Lowers Holdings 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 decreased its holdings in shares of Malibu Boats, Inc. (NASDAQ:MBUU - Free Report) by 65.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Malibu Boats by 8.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 57,132 shares of the company's stock valued at $1,753,000 after purchasing an additional 4,496 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Malibu Boats by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,590 shares of the company's stock valued at $356,000 after purchasing an additional 491 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Malibu Boats by 25.3% in the 1st quarter. AQR Capital Management LLC now owns 11,815 shares of the company's stock worth $362,000 after acquiring an additional 2,389 shares in the last quarter. Vident Advisory LLC raised its position in shares of Malibu Boats by 16.5% in the 1st quarter. Vident Advisory LLC now owns 13,649 shares of the company's stock worth $419,000 after acquiring an additional 1,934 shares in the last quarter. Finally, Lodge Hill Capital LLC raised its position in shares of Malibu Boats by 23.0% in the 1st quarter. Lodge Hill Capital LLC now owns 652,674 shares of the company's stock worth $20,024,000 after acquiring an additional 122,160 shares in the last quarter. Institutional investors own 91.35% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on MBUU. DA Davidson decreased their target price on Malibu Boats from $33.00 to $31.00 and set a "neutral" rating for the company in a research report on Monday, September 8th. Zacks Research lowered Malibu Boats from a "hold" rating to a "strong sell" rating in a research report on Thursday, September 4th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $36.00.

Malibu Boats Stock Down 3.5%

MBUU traded down $1.20 during trading on Friday, hitting $32.66. 123,578 shares of the company's stock traded hands, compared to its average volume of 228,955. The company's 50 day simple moving average is $34.49 and its two-hundred day simple moving average is $31.84. The company has a current ratio of 1.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.03. Malibu Boats, Inc. has a 12-month low of $24.42 and a 12-month high of $47.82. The stock has a market capitalization of $628.71 million, a price-to-earnings ratio of 42.42 and a beta of 1.20.

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