Koss Olinger Consulting LLC Sells 10,866 Shares of Malibu Boats, Inc. (NASDAQ:MBUU)

Koss Olinger Consulting LLC decreased its holdings in Malibu Boats, Inc. (NASDAQ:MBUU - Free Report) by 23.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,196 shares of the company's stock after selling 10,866 shares during the quarter. Koss Olinger Consulting LLC owned 0.18% of Malibu Boats worth $1,361,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Vestcor Inc grew its position in Malibu Boats by 317.0% in the 4th quarter. Vestcor Inc now owns 6,410 shares of the company's stock valued at $241,000 after buying an additional 4,873 shares in the last quarter. Cooke & Bieler LP boosted its holdings in shares of Malibu Boats by 1.0% in the fourth quarter. Cooke & Bieler LP now owns 1,343,660 shares of the company's stock valued at $50,508,000 after acquiring an additional 13,767 shares in the last quarter. Berkshire Asset Management LLC PA acquired a new position in shares of Malibu Boats during the fourth quarter valued at approximately $1,218,000. Raymond James Financial Inc. bought a new stake in Malibu Boats during the fourth quarter worth approximately $8,221,000. Finally, Victory Capital Management Inc. raised its holdings in Malibu Boats by 781.6% during the fourth quarter. Victory Capital Management Inc. now owns 14,802 shares of the company's stock worth $556,000 after purchasing an additional 13,123 shares in the last quarter. 91.35% of the stock is owned by institutional investors and hedge funds.

Malibu Boats Price Performance

NASDAQ MBUU traded down $0.28 on Friday, reaching $29.55. The company's stock had a trading volume of 325,733 shares, compared to its average volume of 221,779. Malibu Boats, Inc. has a 52 week low of $29.02 and a 52 week high of $47.82. 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 firm has a market cap of $580.21 million, a PE ratio of -6.79 and a beta of 1.42. The business has a 50-day moving average price of $34.91 and a 200 day moving average price of $38.36.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on MBUU shares. Truist Financial boosted their price target on Malibu Boats from $34.00 to $38.00 and gave the company a "hold" rating in a research note on Friday, January 31st. B. Riley upgraded shares of Malibu Boats to a "hold" rating in a report on Wednesday, February 12th. KeyCorp lowered shares of Malibu Boats from an "overweight" rating to a "sector weight" rating in a research report on Thursday. StockNews.com raised shares of Malibu Boats from a "sell" rating to a "hold" rating in a research report on Tuesday, March 11th. Finally, Benchmark reiterated a "buy" rating and issued a $44.00 target price on shares of Malibu Boats in a research note on Tuesday, February 4th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $42.83.

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.