Quadrature Capital Ltd Has $257,000 Position in Malibu Boats, Inc. (NASDAQ:MBUU)

Quadrature Capital Ltd cut its stake in Malibu Boats, Inc. (NASDAQ:MBUU) by 42.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,607 shares of the company’s stock after selling 4,951 shares during the period. Quadrature Capital Ltd’s holdings in Malibu Boats were worth $257,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its stake in Malibu Boats by 9.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,124 shares of the company’s stock valued at $439,000 after purchasing an additional 836 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Malibu Boats in the 2nd quarter valued at approximately $139,000. Assenagon Asset Management S.A. acquired a new stake in shares of Malibu Boats during the 2nd quarter worth approximately $3,667,000. Bank of New York Mellon Corp increased its stake in Malibu Boats by 8.8% in the second quarter. Bank of New York Mellon Corp now owns 103,596 shares of the company’s stock valued at $3,630,000 after acquiring an additional 8,422 shares during the last quarter. Finally, Legato Capital Management LLC raised its position in Malibu Boats by 32.9% during the second quarter. Legato Capital Management LLC now owns 21,366 shares of the company’s stock valued at $749,000 after purchasing an additional 5,291 shares in the last quarter. 91.35% of the stock is currently owned by institutional investors.

Malibu Boats Trading Up 1.4 %

Shares of NASDAQ MBUU opened at $44.28 on Wednesday. The firm has a 50 day moving average price of $42.20 and a two-hundred day moving average price of $38.28. The stock has a market cap of $873.20 million, a P/E ratio of -11.13 and a beta of 1.30. Malibu Boats, Inc. has a 52-week low of $30.20 and a 52-week high of $56.03. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 1.55.

Malibu Boats (NASDAQ:MBUU) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.16. The business had revenue of $171.60 million during the quarter, compared to the consensus estimate of $165.33 million. Malibu Boats had a positive return on equity of 2.39% and a negative net margin of 10.90%. Malibu Boats’s quarterly revenue was down 32.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.07 earnings per share. As a group, equities analysts forecast that Malibu Boats, Inc. will post 2.01 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on MBUU. Truist Financial lifted their price target on Malibu Boats from $32.00 to $42.00 and gave the company a “hold” rating in a research note on Friday, November 1st. KeyCorp boosted their target price on Malibu Boats from $38.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. DA Davidson downgraded shares of Malibu Boats from a “buy” rating to a “neutral” rating and set a $45.00 price target on the stock. in a research note on Friday, November 1st. Robert W. Baird lifted their price target on shares of Malibu Boats from $40.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, StockNews.com upgraded shares of Malibu Boats to a “sell” rating in a research report on Saturday, November 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $44.57.

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.