Twin Lions Management LLC Invests $19.81 Million in Malibu Boats, Inc. (NASDAQ:MBUU)

Twin Lions Management LLC purchased a new stake in Malibu Boats, Inc. (NASDAQ:MBUU - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 526,935 shares of the company's stock, valued at approximately $19,807,000. Malibu Boats comprises approximately 19.2% of Twin Lions Management LLC's portfolio, making the stock its 2nd largest holding. Twin Lions Management LLC owned 2.68% of Malibu Boats as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of MBUU. Wellington Management Group LLP lifted its position in shares of Malibu Boats by 3.8% during the 4th quarter. Wellington Management Group LLP now owns 1,533,605 shares of the company's stock worth $57,648,000 after buying an additional 56,629 shares in the last quarter. Cooke & Bieler LP lifted its position in shares of Malibu Boats by 1.0% during the 4th quarter. Cooke & Bieler LP now owns 1,343,660 shares of the company's stock valued at $50,508,000 after buying an additional 13,767 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its holdings in Malibu Boats by 1.0% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 719,717 shares of the company's stock worth $27,054,000 after acquiring an additional 6,865 shares during the last quarter. American Century Companies Inc. boosted its position in Malibu Boats by 10.6% during the fourth quarter. American Century Companies Inc. now owns 579,664 shares of the company's stock worth $21,790,000 after purchasing an additional 55,767 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Malibu Boats by 8.2% in the third quarter. Geode Capital Management LLC now owns 576,070 shares of the company's stock worth $22,361,000 after purchasing an additional 43,769 shares in the last quarter. Institutional investors own 91.35% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MBUU shares. KeyCorp lowered shares of Malibu Boats from an "overweight" rating to a "sector weight" rating in a report on Thursday, March 20th. B. Riley raised shares of Malibu Boats to a "hold" rating in a report on Wednesday, February 12th. StockNews.com upgraded Malibu Boats from a "sell" rating to a "hold" rating in a research report on Tuesday, April 15th. Robert W. Baird restated a "neutral" rating and set a $32.00 target price (down from $50.00) on shares of Malibu Boats in a research report on Friday, April 4th. Finally, DA Davidson upgraded shares of Malibu Boats to a "hold" rating in a research report on Monday, April 14th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Malibu Boats currently has an average rating of "Hold" and an average price target of $38.17.

Malibu Boats Price Performance

Shares of MBUU stock traded up $0.17 during trading hours on Friday, hitting $28.84. 159,849 shares of the company's stock were exchanged, compared to its average volume of 220,826. The company has a market capitalization of $566.27 million, a PE ratio of -6.63 and a beta of 1.27. The company has a current ratio of 1.52, a quick ratio of 0.45 and a debt-to-equity ratio of 0.04. Malibu Boats, Inc. has a 12-month low of $24.43 and a 12-month high of $47.82. The business's 50 day simple moving average is $30.13 and its 200-day simple moving average is $36.46.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.20 EPS for the quarter, missing the consensus estimate 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%. On average, equities research analysts anticipate that Malibu Boats, Inc. will post 1.69 earnings per share for the current year.

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.