Cooke & Bieler LP Grows Stake in Malibu Boats, Inc. (NASDAQ:MBUU)

Cooke & Bieler LP lifted its stake in Malibu Boats, Inc. (NASDAQ:MBUU - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,343,660 shares of the company's stock after purchasing an additional 13,767 shares during the quarter. Cooke & Bieler LP owned 6.84% of Malibu Boats worth $50,508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in Malibu Boats by 8.2% during the 3rd quarter. Geode Capital Management LLC now owns 576,070 shares of the company's stock valued at $22,361,000 after purchasing an additional 43,769 shares during the last quarter. Meros Investment Management LP bought a new position in shares of Malibu Boats during the 3rd quarter valued at $4,117,000. Empowered Funds LLC boosted its stake in shares of Malibu Boats by 38.8% in the 3rd quarter. Empowered Funds LLC now owns 66,606 shares of the company's stock worth $2,585,000 after buying an additional 18,636 shares during the last quarter. Barclays PLC boosted its stake in shares of Malibu Boats by 92.6% in the 3rd quarter. Barclays PLC now owns 46,919 shares of the company's stock worth $1,820,000 after buying an additional 22,556 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Malibu Boats by 6.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 121,711 shares of the company's stock worth $4,575,000 after acquiring an additional 7,186 shares during the period. Institutional investors own 91.35% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MBUU. StockNews.com raised Malibu Boats from a "sell" rating to a "hold" rating in a report on Tuesday. Benchmark reaffirmed a "buy" rating and set a $44.00 price objective on shares of Malibu Boats in a research report on Tuesday, February 4th. B. Riley upgraded shares of Malibu Boats to a "hold" rating in a research report on Wednesday, February 12th. KeyCorp cut their price target on Malibu Boats from $50.00 to $45.00 and set an "overweight" rating for the company in a research note on Wednesday, January 8th. Finally, Truist Financial raised their price target on Malibu Boats from $34.00 to $38.00 and gave the company a "hold" rating in a report on Friday, January 31st. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $42.83.

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Malibu Boats Trading Down 1.4 %

Shares of Malibu Boats stock opened at $32.29 on Tuesday. Malibu Boats, Inc. has a twelve month low of $29.69 and a twelve month high of $47.82. The company has a quick ratio of 0.45, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average price of $35.88 and a 200-day moving average price of $38.70. The firm has a market cap of $634.01 million, a price-to-earnings ratio of -7.42 and a beta of 1.42.

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

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.

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