Sei Investments Co. reduced its position in shares of Malibu Boats, Inc. (NASDAQ:MBUU) by 2.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,515 shares of the company’s stock after selling 422 shares during the period. Sei Investments Co.’s holdings in Malibu Boats were worth $371,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in MBUU. Russell Investments Group Ltd. purchased a new stake in shares of Malibu Boats during the fourth quarter worth about $3,251,000. UBS Asset Management Americas Inc. raised its stake in shares of Malibu Boats by 8.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 66,225 shares of the company’s stock worth $1,264,000 after buying an additional 5,085 shares in the last quarter. Two Sigma Investments LP raised its stake in shares of Malibu Boats by 283.4% in the fourth quarter. Two Sigma Investments LP now owns 78,729 shares of the company’s stock worth $1,502,000 after buying an additional 58,193 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Malibu Boats by 27.9% in the first quarter. American Century Companies Inc. now owns 465,496 shares of the company’s stock worth $10,450,000 after buying an additional 101,672 shares in the last quarter. Finally, First Quadrant L P CA purchased a new stake in shares of Malibu Boats during the first quarter worth about $395,000. 99.08% of the stock is currently owned by institutional investors and hedge funds.
Malibu Boats, Inc. (MBUU) opened at 25.00 on Friday. The company has a market capitalization of $448.25 million, a P/E ratio of 20.00 and a beta of 0.96. Malibu Boats, Inc. has a 1-year low of $11.38 and a 1-year high of $25.27. The firm has a 50-day moving average price of $23.90 and a 200-day moving average price of $21.32.
Malibu Boats (NASDAQ:MBUU) last posted its quarterly earnings results on Wednesday, May 3rd. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.04. Malibu Boats had a return on equity of 98.64% and a net margin of 8.15%. The business had revenue of $77.20 million for the quarter, compared to the consensus estimate of $75.45 million. During the same period in the prior year, the business earned $0.40 EPS. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. On average, analysts forecast that Malibu Boats, Inc. will post $1.53 EPS for the current fiscal year.
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MBUU has been the topic of a number of recent research reports. Wunderlich lowered Malibu Boats from a “buy” rating to a “hold” rating and set a $23.00 target price on the stock. in a research report on Wednesday, May 3rd. BMO Capital Markets reissued a “hold” rating and issued a $22.00 target price on shares of Malibu Boats in a research report on Monday, March 20th. Zacks Investment Research lowered Malibu Boats from a “buy” rating to a “hold” rating in a research report on Friday, March 17th. ValuEngine raised Malibu Boats from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, B. Riley reissued a “buy” rating and issued a $26.00 target price on shares of Malibu Boats in a research report on Saturday, May 13th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $23.80.
Malibu Boats Company Profile
Malibu Boats, Inc is a designer, manufacturer and marketer of performance sport boats. The Company’s segments include the U.S. and Australia. Each segment is engaged in the manufacturing, distribution, marketing and sale of performance sport boats. Its U.S. segment serves markets in North America, South America, Europe and Asia.
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