Janus Henderson Group PLC Boosts Stake in Malibu Boats, Inc. (NASDAQ:MBUU)

Janus Henderson Group PLC boosted its holdings in shares of Malibu Boats, Inc. (NASDAQ:MBUU - Free Report) by 1,267.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 238,576 shares of the company's stock after purchasing an additional 221,133 shares during the period. Janus Henderson Group PLC owned about 1.21% of Malibu Boats worth $9,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Studio Investment Management LLC lifted its position in Malibu Boats by 264.4% during the second quarter. Studio Investment Management LLC now owns 707 shares of the company's stock valued at $25,000 after purchasing an additional 513 shares during the period. nVerses Capital LLC acquired a new position in Malibu Boats during the third quarter valued at $74,000. SG Americas Securities LLC purchased a new position in Malibu Boats in the second quarter valued at $139,000. Benjamin Edwards Inc. raised its position in shares of Malibu Boats by 43.1% in the second quarter. Benjamin Edwards Inc. now owns 5,112 shares of the company's stock worth $179,000 after acquiring an additional 1,539 shares during the period. Finally, US Bancorp DE boosted its stake in shares of Malibu Boats by 851.7% during the 3rd quarter. US Bancorp DE now owns 5,434 shares of the company's stock worth $211,000 after acquiring an additional 4,863 shares in the last quarter. 91.35% of the stock is currently owned by institutional investors and hedge funds.

Malibu Boats Price Performance

Shares of Malibu Boats stock traded up $0.59 during trading hours on Monday, reaching $43.67. 110,763 shares of the company's stock were exchanged, compared to its average volume of 248,398. The business has a fifty day moving average of $42.09 and a two-hundred day moving average of $38.22. The company has a market capitalization of $861.17 million, a P/E 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, Inc. has a 1 year low of $30.20 and a 1 year high of $56.03.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $171.60 million for the quarter, compared to the consensus estimate of $165.33 million. Malibu Boats had a negative net margin of 10.90% and a positive return on equity of 2.39%. The company's revenue for the quarter was down 32.9% on a year-over-year basis. During the same period last year, the firm posted $1.07 earnings per share. As a group, research analysts predict that Malibu Boats, Inc. will post 2.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. DA Davidson cut Malibu Boats from a "buy" rating to a "neutral" rating and set a $45.00 price target for the company. in a report on Friday, November 1st. Truist Financial upped their target price on Malibu Boats from $32.00 to $42.00 and gave the stock a "hold" rating in a research note on Friday, November 1st. KeyCorp increased their target price on Malibu Boats from $38.00 to $50.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Benchmark reissued a "buy" rating and issued a $44.00 price target on shares of Malibu Boats in a report on Friday, November 1st. Finally, Robert W. Baird increased their price objective on shares of Malibu Boats from $40.00 to $50.00 and gave the company an "outperform" rating in a report on Friday, November 1st. 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 company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $44.57.

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.