Malibu Boats, Inc. (NASDAQ:MBUU) Given Consensus Rating of "Hold" by Analysts

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 received a consensus rating of "Hold" from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $36.40.

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

Malibu Boats Trading Up 4.4%

Shares of Malibu Boats stock opened at $36.96 on Thursday. The firm has a 50-day simple moving average of $33.39 and a two-hundred day simple moving average of $32.19. The company has a market cap of $709.26 million, a P/E ratio of -90.15 and a beta of 1.12. Malibu Boats has a fifty-two week low of $24.42 and a fifty-two week high of $47.82. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.61 and a current ratio of 1.60.

Institutional Trading of Malibu Boats

A number of institutional investors and hedge funds have recently modified their holdings of MBUU. GAMMA Investing LLC increased its stake in shares of Malibu Boats by 532.3% during the second quarter. GAMMA Investing LLC now owns 999 shares of the company's stock worth $31,000 after purchasing an additional 841 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of Malibu Boats during the fourth quarter worth about $38,000. Quarry LP purchased a new stake in shares of Malibu Boats during the fourth quarter worth about $45,000. Strs Ohio purchased a new stake in shares of Malibu Boats during the first quarter worth about $123,000. Finally, ProShare Advisors LLC purchased a new stake in shares of Malibu Boats during the fourth quarter worth about $207,000. Hedge funds and other institutional investors own 91.35% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.