Dean Investment Associates LLC Grows Stake in Malibu Boats, Inc. (NASDAQ:MBUU)

Dean Investment Associates LLC raised its holdings in Malibu Boats, Inc. (NASDAQ:MBUU - Free Report) by 40.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 81,073 shares of the company's stock after buying an additional 23,170 shares during the quarter. Dean Investment Associates LLC owned 0.41% of Malibu Boats worth $3,146,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pzena Investment Management LLC bought a new stake in shares of Malibu Boats during the second quarter worth about $51,800,000. Wellington Management Group LLP boosted its stake in Malibu Boats by 154.8% during the 3rd quarter. Wellington Management Group LLP now owns 1,476,976 shares of the company's stock valued at $57,321,000 after purchasing an additional 897,387 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Malibu Boats by 94.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 843,605 shares of the company's stock worth $29,560,000 after purchasing an additional 409,574 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Malibu Boats by 1,267.7% during the 3rd quarter. Janus Henderson Group PLC now owns 238,576 shares of the company's stock worth $9,259,000 after purchasing an additional 221,133 shares in the last quarter. Finally, Lodge Hill Capital LLC purchased a new stake in shares of Malibu Boats in the second quarter worth approximately $4,866,000. 91.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MBUU has been the topic of several analyst reports. DA Davidson cut Malibu Boats from a "buy" rating to a "neutral" rating and set a $45.00 target price on the stock. in a research report on Friday, November 1st. KeyCorp lifted their price objective on shares of Malibu Boats from $38.00 to $50.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. Benchmark reiterated a "buy" rating and issued a $44.00 target price on shares of Malibu Boats in a report on Friday, November 1st. StockNews.com raised shares of Malibu Boats to a "sell" rating in a research report on Saturday, November 2nd. Finally, Truist Financial increased their price target on Malibu Boats from $32.00 to $42.00 and gave the company a "hold" rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $44.57.

Malibu Boats Stock Performance

Malibu Boats stock traded up $0.59 during trading on Monday, hitting $43.67. The stock had a trading volume of 110,763 shares, compared to its average volume of 248,398. The stock's 50 day moving average is $42.09 and its two-hundred day moving average is $38.22. Malibu Boats, Inc. has a 1 year low of $30.20 and a 1 year high of $56.03. The stock has a market cap of $861.17 million, a price-to-earnings ratio of -10.97 and a beta of 1.30. The company has a quick ratio of 0.52, a current ratio of 1.55 and a debt-to-equity ratio of 0.05.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.16. The company had revenue of $171.60 million during the quarter, compared to analyst estimates of $165.33 million. Malibu Boats had a positive return on equity of 2.39% and a negative net margin of 10.90%. The firm's revenue for the quarter was down 32.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.07 EPS. As a group, analysts predict that Malibu Boats, Inc. will post 2.01 EPS for the current 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.