Wilson Asset Management International PTY Ltd. Purchases Shares of 46,976 Malibu Boats, Inc. $MBUU

Key Points

• Wilson Asset Management International purchased a new stake of 46,976 shares of Malibu Boats (NASDAQ:MBUU) in Q4, valued at about $1.325 million and representing roughly 0.24% ownership; overall institutional investors own about 91.35% of the company.
• Malibu Boats beat Q results with EPS of ($0.02) versus an expected ($0.03) and revenue of $188.62M (above the $181.96M estimate) despite a 5.8% year-over-year revenue decline; the stock was up ~4.5%, with a market cap of $465.9M and a P/E of 34.31.
• Analyst sentiment is mixed but centers on a Hold consensus and an average price target of $31.20, reflecting several downgrades alongside one upgrade (one Strong Buy, one Buy, three Hold, one Sell).

Wilson Asset Management International PTY Ltd. purchased a new stake in Malibu Boats, Inc. (NASDAQ:MBUU - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 46,976 shares of the company's stock, valued at approximately $1,325,000. Wilson Asset Management International PTY Ltd. owned about 0.24% of Malibu Boats as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its stake in shares of Malibu Boats by 43.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,128 shares of the company's stock worth $67,000 after acquiring an additional 643 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Malibu Boats by 346.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,321 shares of the company's stock worth $73,000 after acquiring an additional 1,801 shares in the last quarter. Strs Ohio purchased a new stake in shares of Malibu Boats during the 1st quarter worth about $123,000. Central Pacific Bank Trust Division boosted its stake in shares of Malibu Boats by 36.0% during the 4th quarter. Central Pacific Bank Trust Division now owns 4,618 shares of the company's stock worth $130,000 after acquiring an additional 1,223 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in shares of Malibu Boats during the 3rd quarter worth about $211,000. 91.35% of the stock is owned by hedge funds and other institutional investors.

Malibu Boats Stock Up 4.5%

MBUU opened at $25.05 on Wednesday. Malibu Boats, Inc. has a twelve month low of $23.84 and a twelve month high of $39.65. The company has a quick ratio of 0.49, a current ratio of 1.56 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average price of $26.24 and a 200 day moving average price of $28.69. The company has a market cap of $465.86 million, a PE ratio of 34.31 and a beta of 1.13.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.01. Malibu Boats had a net margin of 1.76% and a return on equity of 4.25%. The firm had revenue of $188.62 million during the quarter, compared to the consensus estimate of $181.96 million. During the same quarter in the prior year, the firm earned $0.31 EPS. The company's revenue for the quarter was down 5.8% on a year-over-year basis. Sell-side analysts expect that Malibu Boats, Inc. will post 1.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MBUU has been the topic of several recent analyst reports. Weiss Ratings reissued a "sell (d)" rating on shares of Malibu Boats in a research note on Friday, March 27th. Wall Street Zen lowered shares of Malibu Boats from a "hold" rating to a "sell" rating in a research note on Saturday, February 7th. Truist Financial lowered their target price on shares of Malibu Boats from $34.00 to $31.00 and set a "hold" rating on the stock in a research note on Monday, April 27th. Griffin Securities set a $30.00 target price on shares of Malibu Boats in a research note on Tuesday, March 3rd. Finally, Zacks Research raised shares of Malibu Boats from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $31.20.

About Malibu Boats

Malibu Boats, Inc is a leading designer, manufacturer and distributor of performance sport boats for the recreational boating market. The company's product portfolio includes the premium Malibu® brand and the value-oriented Axis® Wake Research line, as well as Cobalt® boats following its 2020 acquisition. Malibu's vessels are engineered to serve water-sports enthusiasts, with models optimized for wakeboarding, wakesurfing and waterskiing.

Founded in 1982 by water-sports enthusiast Jack Springer, Malibu Boats is headquartered in Loudon, Tennessee.

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