Charles Schwab Investment Management Inc. Decreases Position in Malibu Boats, Inc. (NASDAQ:MBUU)

Charles Schwab Investment Management Inc. reduced its position in Malibu Boats, Inc. (NASDAQ:MBUU - Free Report) by 6.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 170,662 shares of the company's stock after selling 12,245 shares during the period. Charles Schwab Investment Management Inc. owned 0.87% of Malibu Boats worth $6,415,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Wellington Management Group LLP increased its stake in shares of Malibu Boats by 154.8% in the third quarter. Wellington Management Group LLP now owns 1,476,976 shares of the company's stock worth $57,321,000 after purchasing an additional 897,387 shares in the last quarter. Geode Capital Management LLC grew its stake in Malibu Boats by 8.2% in the 3rd quarter. Geode Capital Management LLC now owns 576,070 shares of the company's stock valued at $22,361,000 after buying an additional 43,769 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Malibu Boats by 370.5% during the 4th quarter. Bank of New York Mellon Corp now owns 440,829 shares of the company's stock valued at $16,571,000 after acquiring an additional 347,144 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its position in shares of Malibu Boats by 15.8% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 394,288 shares of the company's stock worth $14,821,000 after acquiring an additional 53,907 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of Malibu Boats by 1,267.7% in the third quarter. Janus Henderson Group PLC now owns 238,576 shares of the company's stock worth $9,259,000 after acquiring an additional 221,133 shares during the period. 91.35% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of research firms recently issued reports on MBUU. StockNews.com upgraded Malibu Boats from a "sell" rating to a "hold" rating in a research note on Tuesday, March 11th. Truist Financial upped their price target on Malibu Boats from $34.00 to $38.00 and gave the company a "hold" rating in a research report on Friday, January 31st. Benchmark restated a "buy" rating and issued a $44.00 price objective on shares of Malibu Boats in a research report 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. Finally, B. Riley raised shares of Malibu Boats to a "hold" rating in a report on Wednesday, February 12th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Malibu Boats has a consensus rating of "Hold" and an average target price of $42.83.

Malibu Boats Price Performance

Shares of NASDAQ:MBUU traded down $1.25 during trading on Friday, reaching $29.57. The company had a trading volume of 153,091 shares, compared to its average volume of 225,109. The company has a fifty day moving average of $34.53 and a two-hundred day moving average of $38.18. 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 $580.61 million, a P/E ratio of -6.80 and a beta of 1.42. Malibu Boats, Inc. has a 12 month low of $29.02 and a 12 month high of $47.82.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last released its 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%. Equities research analysts forecast that Malibu Boats, Inc. will post 1.69 earnings per share for the current year.

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.