Malibu Boats, Inc. (NASDAQ:MBUU) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Malibu Boats, Inc. has received a consensus rating of "Hold" from seven analysts, with an average one-year price target of $36.40.
• The company's stock price opened at $36.96 and has experienced a 4.4% increase recently, reflecting a 52-week range of $24.42 to $47.82.
• Institutional investors hold a significant majority, with 91.35% of Malibu Boats' shares owned by hedge funds and other institutional investors, indicating strong institutional interest.

Shares of Malibu Boats, Inc. (NASDAQ:MBUU - Get Free Report) have been assigned an average recommendation of "Hold" from the seven ratings firms that are currently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $36.40.

Separately, DA Davidson initiated coverage on Malibu Boats in a research note on Tuesday, June 3rd. They issued a "neutral" rating and a $33.00 price objective for the company.

Institutional Trading of Malibu Boats

A number of hedge funds have recently bought and sold shares of MBUU. GAMMA Investing LLC raised its holdings in shares of Malibu Boats by 532.3% in the 2nd quarter. GAMMA Investing LLC now owns 999 shares of the company's stock worth $31,000 after purchasing an additional 841 shares during the period. Heck Capital Advisors LLC bought a new stake in shares of Malibu Boats in the fourth quarter valued at $38,000. Quarry LP bought a new stake in shares of Malibu Boats in the fourth quarter valued at $45,000. BNP Paribas Financial Markets raised 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 valued at $67,000 after purchasing an additional 643 shares during the period. Finally, Tower Research Capital LLC TRC raised 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 valued at $73,000 after purchasing an additional 1,801 shares during the period. 91.35% of the stock is currently owned by institutional investors.

Malibu Boats Trading Up 0.5%

NASDAQ MBUU traded up $0.18 during trading hours on Thursday, hitting $36.52. 25,113 shares of the company's stock were exchanged, compared to its average volume of 171,873. The company has a current ratio of 1.60, a quick ratio of 0.61 and a debt-to-equity ratio of 0.05. Malibu Boats has a 1-year low of $24.42 and a 1-year high of $47.82. The stock has a 50-day simple moving average of $33.60 and a 200 day simple moving average of $32.07. The firm has a market cap of $700.90 million, a price-to-earnings ratio of -89.11 and a beta of 1.12.

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.