Malibu Boats, Inc. (NASDAQ:MBUU) Shares Purchased by Cooke & Bieler LP

Cooke & Bieler LP lifted its position in Malibu Boats, Inc. (NASDAQ:MBUU - Free Report) by 35.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 920,761 shares of the company's stock after purchasing an additional 239,707 shares during the quarter. Cooke & Bieler LP owned 4.51% of Malibu Boats worth $50,476,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. IFP Advisors Inc bought a new stake in shares of Malibu Boats in the 3rd quarter valued at about $25,000. Quarry LP purchased a new stake in Malibu Boats during the 2nd quarter valued at about $25,000. Public Employees Retirement System of Ohio boosted its holdings in Malibu Boats by 44.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 560 shares of the company's stock valued at $27,000 after acquiring an additional 173 shares during the period. Comerica Bank purchased a new stake in Malibu Boats during the 3rd quarter valued at about $27,000. Finally, Ensign Peak Advisors Inc purchased a new stake in Malibu Boats during the 3rd quarter valued at about $29,000. 91.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Raymond James cut Malibu Boats from an "outperform" rating to a "market perform" rating in a report on Monday, April 15th. KeyCorp dropped their target price on Malibu Boats from $58.00 to $50.00 and set an "overweight" rating for the company in a report on Wednesday, January 31st. StockNews.com upgraded Malibu Boats from a "sell" rating to a "hold" rating in a report on Monday, February 26th. Robert W. Baird reiterated an "outperform" rating and issued a $54.00 price objective on shares of Malibu Boats in a report on Friday, January 19th. Finally, B. Riley dropped their price objective on Malibu Boats from $45.00 to $39.00 and set a "neutral" rating for the company in a report on Tuesday, April 16th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Malibu Boats presently has an average rating of "Hold" and an average target price of $49.00.

Insider Activity at Malibu Boats

In related news, insider Michael K. Hooks acquired 12,500 shares of Malibu Boats stock in a transaction that occurred on Thursday, February 22nd. The stock was bought at an average price of $42.82 per share, with a total value of $535,250.00. Following the transaction, the insider now directly owns 12,500 shares in the company, valued at $535,250. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.62% of the stock is owned by corporate insiders.

Malibu Boats Stock Up 0.9 %

MBUU stock traded up $0.32 on Friday, reaching $34.48. 538,603 shares of the company traded hands, compared to its average volume of 244,433. Malibu Boats, Inc. has a one year low of $33.78 and a one year high of $62.36. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.82 and a quick ratio of 0.69. The company has a market cap of $704.43 million, a P/E ratio of 11.05 and a beta of 1.37. The firm has a fifty day simple moving average of $41.87 and a 200-day simple moving average of $46.24.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The company reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.10. Malibu Boats had a return on equity of 24.23% and a net margin of 5.32%. The company had revenue of $211.07 million during the quarter, compared to analyst estimates of $219.64 million. During the same quarter last year, the company earned $1.78 EPS. The firm's revenue for the quarter was down 37.7% on a year-over-year basis. Research analysts anticipate that Malibu Boats, Inc. will post 2.55 earnings per share for the current year.

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.