Assenagon Asset Management S.A. Has $948,000 Position in Malibu Boats, Inc. (NASDAQ:MBUU)

Assenagon Asset Management S.A. decreased its position in Malibu Boats, Inc. (NASDAQ:MBUU - Free Report) by 72.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 25,215 shares of the company's stock after selling 64,839 shares during the quarter. Assenagon Asset Management S.A. owned 0.13% of Malibu Boats worth $948,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Central Pacific Bank Trust Division grew its holdings in 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 last quarter. Studio Investment Management LLC grew its stake in shares of Malibu Boats by 53.7% during the third quarter. Studio Investment Management LLC now owns 1,087 shares of the company's stock valued at $42,000 after purchasing an additional 380 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Malibu Boats by 10.4% in the second quarter. Bank of Montreal Can now owns 12,427 shares of the company's stock valued at $442,000 after purchasing an additional 1,170 shares in the last quarter. SG Americas Securities LLC raised its position in Malibu Boats by 31.6% in the 3rd quarter. SG Americas Securities LLC now owns 5,212 shares of the company's stock worth $202,000 after purchasing an additional 1,252 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its holdings 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 buying an additional 1,460 shares in the last quarter. Institutional investors and hedge funds own 91.35% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. DA Davidson lowered Malibu Boats from a "buy" rating to a "neutral" rating and set a $45.00 price objective for the company. in a research report on Friday, November 1st. Benchmark reissued a "buy" rating and set a $44.00 price target on shares of Malibu Boats in a research note on Friday, November 1st. Truist Financial reduced their price objective on shares of Malibu Boats from $42.00 to $34.00 and set a "hold" rating on the stock in a research note on Tuesday, January 7th. Robert W. Baird upped their target price on shares of Malibu Boats from $40.00 to $50.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Finally, KeyCorp reduced their price target on Malibu Boats from $50.00 to $45.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $42.71.

Malibu Boats Stock Down 0.3 %

Shares of NASDAQ:MBUU traded down $0.13 during trading on Friday, hitting $38.12. 154,753 shares of the company's stock traded hands, compared to its average volume of 124,029. The company has a current ratio of 1.55, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average price of $39.27 and a 200-day moving average price of $38.65. Malibu Boats, Inc. has a 52 week low of $30.20 and a 52 week high of $52.18. The company has a market cap of $751.73 million, a price-to-earnings ratio of -9.58 and a beta of 1.32.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.16. Malibu Boats had a negative net margin of 10.90% and a positive return on equity of 2.39%. The company had revenue of $171.60 million during the quarter, compared to the consensus estimate of $165.33 million. During the same quarter in the prior year, the firm earned $1.07 earnings per share. The firm's revenue was down 32.9% compared to the same quarter last year. As a group, research analysts forecast that Malibu Boats, Inc. will post 2.06 EPS for the current fiscal year.

About Malibu Boats

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.