Malibu Boats (NASDAQ:MBUU) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Malibu Boats (NASDAQ:MBUU) from a sell rating to a hold rating in a report released on Friday.

MBUU has been the topic of a number of other reports. Robert W. Baird boosted their price target on Malibu Boats from $40.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, November 1st. B. Riley upgraded Malibu Boats to a “hold” rating in a report on Wednesday. Truist Financial boosted their price target on Malibu Boats from $34.00 to $38.00 and gave the company a “hold” rating in a report on Friday, January 31st. DA Davidson lowered Malibu Boats from a “buy” rating to a “neutral” rating and set a $45.00 price target on the stock. in a report on Friday, November 1st. Finally, Benchmark restated a “buy” rating and issued a $44.00 price target on shares of Malibu Boats in a report on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $42.83.

Malibu Boats Trading Up 3.2 %

MBUU opened at $37.37 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.45 and a current ratio of 1.52. Malibu Boats has a 12 month low of $30.20 and a 12 month high of $48.92. The company has a fifty day simple moving average of $37.74 and a 200 day simple moving average of $38.78.

Malibu Boats (NASDAQ:MBUU) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). Malibu Boats had a negative net margin of 12.09% and a positive return on equity of 1.04%. On average, analysts predict that Malibu Boats will post 1.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Exchange Traded Concepts LLC grew its stake in Malibu Boats by 4.1% in the 4th quarter. Exchange Traded Concepts LLC now owns 7,977 shares of the company’s stock valued at $300,000 after buying an additional 311 shares during the last quarter. Central Pacific Bank Trust Division lifted its holdings in shares of Malibu Boats by 11.3% during the 4th quarter. Central Pacific Bank Trust Division now owns 3,626 shares of the company’s stock worth $136,000 after acquiring an additional 368 shares during the period. Studio Investment Management LLC lifted its holdings in shares of Malibu Boats by 53.7% during the 3rd quarter. Studio Investment Management LLC now owns 1,087 shares of the company’s stock worth $42,000 after acquiring an additional 380 shares during the period. Heck Capital Advisors LLC bought a new stake in shares of Malibu Boats during the 4th quarter worth approximately $38,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Malibu Boats by 10.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,111 shares of the company’s stock worth $456,000 after acquiring an additional 1,103 shares during the period. 91.35% of the stock is currently owned by institutional investors and hedge funds.

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.