Lodge Hill Capital LLC Grows Position in Malibu Boats, Inc. (NASDAQ:MBUU)

Lodge Hill Capital LLC boosted its holdings in Malibu Boats, Inc. (NASDAQ:MBUU - Free Report) by 74.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 530,514 shares of the company's stock after purchasing an additional 226,650 shares during the quarter. Malibu Boats makes up approximately 5.5% of Lodge Hill Capital LLC's holdings, making the stock its 7th biggest position. Lodge Hill Capital LLC owned 2.70% of Malibu Boats worth $19,942,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Wellington Management Group LLP increased its position in shares of Malibu Boats by 3.8% in the 4th quarter. Wellington Management Group LLP now owns 1,533,605 shares of the company's stock valued at $57,648,000 after acquiring an additional 56,629 shares during the period. Cooke & Bieler LP increased its holdings in Malibu Boats by 1.0% in the 4th quarter. Cooke & Bieler LP now owns 1,343,660 shares of the company's stock worth $50,508,000 after acquiring an additional 13,767 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its position in shares of Malibu Boats by 1.0% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 719,717 shares of the company's stock worth $27,054,000 after purchasing an additional 6,865 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Malibu Boats by 10.6% during the fourth quarter. American Century Companies Inc. now owns 579,664 shares of the company's stock valued at $21,790,000 after acquiring an additional 55,767 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Malibu Boats by 8.2% in 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 in the last quarter. 91.35% of the stock is currently owned by institutional investors.

Malibu Boats Stock Up 2.6 %

Shares of NASDAQ:MBUU traded up $0.72 during trading on Tuesday, reaching $27.84. 41,152 shares of the company traded hands, compared to its average volume of 223,807. The company has a quick ratio of 0.45, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. Malibu Boats, Inc. has a 1-year low of $24.43 and a 1-year high of $47.82. The firm has a fifty day simple moving average of $30.81 and a 200 day simple moving average of $36.76. The firm has a market cap of $546.54 million, a P/E ratio of -6.40 and a beta of 1.27.

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

Analyst Ratings Changes

MBUU has been the subject of a number of research analyst reports. Truist Financial lowered their price target on Malibu Boats from $38.00 to $28.00 and set a "hold" rating for the company in a report on Monday, April 14th. Baird R W cut shares of Malibu Boats from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. KeyCorp cut Malibu Boats from an "overweight" rating to a "sector weight" rating in a report on Thursday, March 20th. Benchmark reaffirmed a "buy" rating and set a $44.00 price target on shares of Malibu Boats in a research report on Tuesday, February 4th. Finally, DA Davidson upgraded Malibu Boats to a "hold" rating in a report on Monday, April 14th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $38.17.

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.