Malibu Boats, Inc. (NASDAQ:MBUU) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its stake in Malibu Boats, Inc. (NASDAQ:MBUU - Free Report) by 37.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 50,000 shares of the company's stock after selling 29,700 shares during the period. Renaissance Technologies LLC owned 0.25% of Malibu Boats worth $1,880,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of MBUU. Heck Capital Advisors LLC bought a new stake in Malibu Boats during the fourth quarter worth approximately $38,000. Central Pacific Bank Trust Division increased its stake in Malibu Boats by 11.3% in the 4th quarter. Central Pacific Bank Trust Division now owns 3,626 shares of the company's stock valued at $136,000 after buying an additional 368 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Malibu Boats in the fourth quarter valued at about $150,000. Arrowstreet Capital Limited Partnership bought a new stake in Malibu Boats in the fourth quarter worth $235,000. Finally, Vestcor Inc increased its stake in shares of Malibu Boats by 317.0% in the fourth quarter. Vestcor Inc now owns 6,410 shares of the company's stock worth $241,000 after purchasing an additional 4,873 shares during the period. Institutional investors own 91.35% of the company's stock.

Malibu Boats Stock Performance

Malibu Boats stock traded up $0.33 during trading on Thursday, hitting $28.89. The stock had a trading volume of 31,001 shares, compared to its average volume of 219,122. The company has a quick ratio of 0.45, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. The stock's 50 day moving average is $29.73 and its two-hundred day moving average is $36.25. Malibu Boats, Inc. has a 1 year low of $24.43 and a 1 year high of $47.82. The stock has a market cap of $567.26 million, a price-to-earnings ratio of -6.64 and a beta of 1.27.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). Malibu Boats had a positive return on equity of 1.04% and a negative net margin of 12.09%. As a group, analysts predict that Malibu Boats, Inc. will post 1.69 EPS for the current year.

Analyst Ratings Changes

MBUU has been the subject of a number of analyst reports. B. Riley raised shares of Malibu Boats to a "hold" rating in a report on Wednesday, February 12th. Baird R W lowered Malibu Boats from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Truist Financial reduced their target price on shares of Malibu Boats from $38.00 to $28.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Benchmark reissued a "buy" rating and set a $44.00 price target on shares of Malibu Boats in a report on Tuesday, February 4th. Finally, KeyCorp cut shares of Malibu Boats from an "overweight" rating to a "sector weight" rating in a research note on Thursday, March 20th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $38.17.

Malibu Boats 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.