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

Shares of Malibu Boats, Inc. (NASDAQ:MBUU - Get Free Report) have been given an average recommendation of "Hold" by the seven analysts that are presently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $38.17.

A number of research firms have recently weighed in on MBUU. B. Riley upgraded Malibu Boats to a "hold" rating in a report on Wednesday, February 12th. StockNews.com raised shares of Malibu Boats from a "sell" rating to a "hold" rating in a research note on Tuesday, April 15th. Baird R W cut shares of Malibu Boats from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. KeyCorp lowered Malibu Boats from an "overweight" rating to a "sector weight" rating in a research report on Thursday, March 20th. Finally, Truist Financial lowered their price target on Malibu Boats from $38.00 to $28.00 and set a "hold" rating for the company in a research report on Monday, April 14th.

Institutional Trading of Malibu Boats

Large investors have recently modified their holdings of the stock. Twin Lions Management LLC acquired a new position in Malibu Boats during the 4th quarter worth $19,807,000. Bank of New York Mellon Corp increased its stake in shares of Malibu Boats by 370.5% during the fourth quarter. Bank of New York Mellon Corp now owns 440,829 shares of the company's stock worth $16,571,000 after buying an additional 347,144 shares during the period. Lodge Hill Capital LLC raised its holdings in Malibu Boats by 74.6% in the fourth quarter. Lodge Hill Capital LLC now owns 530,514 shares of the company's stock valued at $19,942,000 after acquiring an additional 226,650 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Malibu Boats in the fourth quarter worth approximately $8,221,000. Finally, Schroder Investment Management Group acquired a new position in Malibu Boats during the 4th quarter worth approximately $6,888,000. Hedge funds and other institutional investors own 91.35% of the company's stock.

Malibu Boats Trading Down 0.7 %

Shares of Malibu Boats stock opened at $29.71 on Tuesday. The stock has a 50 day moving average of $29.43 and a 200 day moving average of $35.89. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.45 and a current ratio of 1.52. The firm has a market capitalization of $583.36 million, a price-to-earnings ratio of -6.83 and a beta of 1.23. Malibu Boats has a fifty-two week low of $24.43 and a fifty-two week high of $47.82.

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.

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