American Century Companies Inc. Grows Holdings in Malibu Boats, Inc. (NASDAQ:MBUU)

American Century Companies Inc. grew its position in shares of Malibu Boats, Inc. (NASDAQ:MBUU - Free Report) by 10.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 579,664 shares of the company's stock after purchasing an additional 55,767 shares during the quarter. American Century Companies Inc. owned approximately 2.95% of Malibu Boats worth $21,790,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MBUU. Exchange Traded Concepts LLC boosted its position in Malibu Boats by 4.1% during the fourth 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 period. Central Pacific Bank Trust Division lifted its stake in shares of Malibu Boats by 11.3% in the 4th quarter. Central Pacific Bank Trust Division now owns 3,626 shares of the company's stock valued at $136,000 after acquiring an additional 368 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in Malibu Boats during the 4th quarter valued at about $38,000. Benjamin Edwards Inc. grew its position in Malibu Boats by 28.6% during the 3rd quarter. Benjamin Edwards Inc. now owns 6,572 shares of the company's stock worth $255,000 after acquiring an additional 1,460 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Malibu Boats by 60.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,879 shares of the company's stock worth $267,000 after purchasing an additional 2,585 shares during the period. 91.35% of the stock is owned by hedge funds and other institutional investors.

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Malibu Boats Trading Down 9.2 %

Shares of NASDAQ:MBUU traded down $2.90 on Thursday, hitting $28.71. The company had a trading volume of 283,602 shares, compared to its average volume of 225,764. The firm's 50-day simple moving average is $33.90 and its two-hundred day simple moving average is $37.96. The firm has a market capitalization of $563.72 million, a price-to-earnings ratio of -6.60 and a beta of 1.42. The company has a quick ratio of 0.45, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. Malibu Boats, Inc. has a 1 year low of $28.44 and a 1 year high of $47.82.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.20 EPS for the quarter, missing the consensus estimate 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 analysts anticipate that Malibu Boats, Inc. will post 1.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MBUU. Benchmark reissued a "buy" rating and set a $44.00 price objective on shares of Malibu Boats in a research note on Tuesday, February 4th. Truist Financial increased their price target on shares of Malibu Boats from $34.00 to $38.00 and gave the company a "hold" rating in a research report on Friday, January 31st. B. Riley upgraded shares of Malibu Boats to a "hold" rating in a research report on Wednesday, February 12th. StockNews.com upgraded shares of Malibu Boats from a "sell" rating to a "hold" rating in a report on Tuesday, March 11th. Finally, KeyCorp downgraded Malibu Boats from an "overweight" rating to a "sector weight" rating in a report on Thursday, March 20th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $42.83.

Malibu Boats 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.