Villanova Investment Management Co LLC Has $1.68 Million Stake in Malibu Boats, Inc. (NASDAQ:MBUU)

Villanova Investment Management Co LLC raised its holdings in Malibu Boats, Inc. (NASDAQ:MBUU) by 10.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 44,629 shares of the company’s stock after acquiring an additional 4,321 shares during the quarter. Malibu Boats makes up about 1.5% of Villanova Investment Management Co LLC’s portfolio, making the stock its 29th largest holding. Villanova Investment Management Co LLC owned about 0.23% of Malibu Boats worth $1,678,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Heck Capital Advisors LLC bought a new stake in shares of Malibu Boats during the fourth quarter worth about $38,000. Central Pacific Bank Trust Division lifted its position 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 valued at $136,000 after buying an additional 368 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Malibu Boats in the fourth quarter worth about $150,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Malibu Boats during the fourth quarter worth $235,000. Finally, Vestcor Inc grew its holdings in Malibu Boats by 317.0% during the 4th quarter. Vestcor Inc now owns 6,410 shares of the company’s stock valued at $241,000 after buying an additional 4,873 shares in the last quarter. 91.35% of the stock is owned by institutional investors.

Malibu Boats Stock Up 3.8 %

Shares of MBUU opened at $30.68 on Tuesday. Malibu Boats, Inc. has a 12-month low of $29.00 and a 12-month high of $47.82. The firm has a market capitalization of $602.40 million, a P/E ratio of -7.05 and a beta of 1.42. The firm has a fifty day moving average price of $34.32 and a 200-day moving average price of $38.12. 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 (NASDAQ:MBUU) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.20 earnings per share 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%. Equities research analysts expect that Malibu Boats, Inc. will post 1.69 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on MBUU. Truist Financial increased their price target on shares of Malibu Boats from $34.00 to $38.00 and gave the stock a “hold” rating in a report on Friday, January 31st. Benchmark reissued a “buy” rating and issued a $44.00 target price on shares of Malibu Boats in a research note on Tuesday, February 4th. KeyCorp lowered shares of Malibu Boats from an “overweight” rating to a “sector weight” rating in a report on Thursday, March 20th. StockNews.com upgraded Malibu Boats from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. Finally, B. Riley upgraded shares of Malibu Boats to a “hold” rating in a report on Wednesday, February 12th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Malibu Boats has an average rating of “Hold” and a consensus target price 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.