Koss Olinger Consulting LLC Has $1.36 Million Stock Position in Malibu Boats, Inc. (NASDAQ:MBUU)

Koss Olinger Consulting LLC reduced its position in shares of Malibu Boats, Inc. (NASDAQ:MBUU) by 23.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,196 shares of the company’s stock after selling 10,866 shares during the period. Koss Olinger Consulting LLC owned approximately 0.18% of Malibu Boats worth $1,361,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP increased its holdings in shares of Malibu Boats by 154.8% during the third quarter. Wellington Management Group LLP now owns 1,476,976 shares of the company’s stock worth $57,321,000 after buying an additional 897,387 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Malibu Boats by 370.5% during the fourth quarter. Bank of New York Mellon Corp now owns 440,829 shares of the company’s stock worth $16,571,000 after buying an additional 347,144 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Malibu Boats by 1,267.7% during the third quarter. Janus Henderson Group PLC now owns 238,576 shares of the company’s stock worth $9,259,000 after buying an additional 221,133 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Malibu Boats during the fourth quarter worth $8,221,000. Finally, Meros Investment Management LP acquired a new position in shares of Malibu Boats during the third quarter worth $4,117,000. 91.35% of the stock is currently owned by institutional investors and hedge funds.

Malibu Boats Stock Performance

Shares of MBUU opened at $30.53 on Wednesday. The company has a current ratio of 1.52, a quick ratio of 0.45 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $599.46 million, a P/E ratio of -7.02 and a beta of 1.42. The firm’s fifty day simple moving average is $35.19 and its two-hundred day simple moving average is $38.51. Malibu Boats, Inc. has a 12 month low of $29.70 and a 12 month high of $47.82.

Malibu Boats (NASDAQ:MBUU) last issued its quarterly earnings results 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%. As a group, analysts predict that Malibu Boats, Inc. will post 1.69 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on MBUU shares. StockNews.com upgraded shares of Malibu Boats from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. Benchmark restated a “buy” rating and issued a $44.00 price objective on shares of Malibu Boats in a report on Tuesday, February 4th. B. Riley upgraded Malibu Boats to a “hold” rating in a report on Wednesday, February 12th. KeyCorp decreased their price objective on Malibu Boats from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Finally, Truist Financial increased their price objective on Malibu Boats from $34.00 to $38.00 and gave the company a “hold” rating in a report on Friday, January 31st. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $42.83.

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.