Fort Washington Investment Advisors Inc. OH Has $14.82 Million Holdings in Malibu Boats, Inc. (NASDAQ:MBUU)

Fort Washington Investment Advisors Inc. OH lifted its position in shares of Malibu Boats, Inc. (NASDAQ:MBUU - Free Report) by 15.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 394,288 shares of the company's stock after acquiring an additional 53,907 shares during the period. Fort Washington Investment Advisors Inc. OH owned 2.00% of Malibu Boats worth $14,821,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Envestnet Asset Management Inc. grew its position in Malibu Boats by 5.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 63,880 shares of the company's stock worth $2,238,000 after purchasing an additional 3,288 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Malibu Boats by 10.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,131,877 shares of the company's stock worth $39,661,000 after buying an additional 111,699 shares during the period. Bank of Montreal Can grew its holdings in Malibu Boats by 10.4% in the 2nd quarter. Bank of Montreal Can now owns 12,427 shares of the company's stock worth $442,000 after buying an additional 1,170 shares in the last quarter. AQR Capital Management LLC increased its position in Malibu Boats by 267.9% in the 2nd quarter. AQR Capital Management LLC now owns 88,294 shares of the company's stock valued at $3,094,000 after acquiring an additional 64,297 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake 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 valued at $29,560,000 after acquiring an additional 409,574 shares in the last quarter. Institutional investors and hedge funds own 91.35% of the company's stock.

Malibu Boats Price Performance

Shares of NASDAQ:MBUU traded up $1.72 on Thursday, reaching $38.23. 108,660 shares of the company traded hands, compared to its average volume of 147,137. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.55 and a quick ratio of 0.52. The stock has a market capitalization of $753.95 million, a PE ratio of -9.61 and a beta of 1.32. The company's 50 day moving average is $39.40 and its 200-day moving average is $38.55. Malibu Boats, Inc. has a fifty-two week low of $30.20 and a fifty-two week high of $54.22.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of ($0.08) by $0.16. The business 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%. Malibu Boats's revenue for the quarter was down 32.9% on a year-over-year basis. During the same quarter last year, the company posted $1.07 EPS. As a group, analysts anticipate that Malibu Boats, Inc. will post 2.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Robert W. Baird raised their price target on Malibu Boats from $40.00 to $50.00 and gave the company an "outperform" rating in a report on Friday, November 1st. StockNews.com upgraded shares of Malibu Boats to a "sell" rating in a report on Saturday, November 2nd. 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 report on Friday, November 1st. Truist Financial decreased their price target on Malibu Boats from $42.00 to $34.00 and set a "hold" rating for the company in a research note on Tuesday, January 7th. Finally, Benchmark reissued a "buy" rating and issued a $44.00 price objective on shares of Malibu Boats in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $42.71.

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.