Malibu Boats, Inc. (NASDAQ:MBUU) Receives Average Recommendation of "Hold" from Analysts

Shares of Malibu Boats, Inc. (NASDAQ:MBUU - Get Free Report) have been given a consensus rating of "Hold" by the seven research firms that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $42.83.

Several brokerages have recently issued reports on MBUU. B. Riley upgraded Malibu Boats to a "hold" rating in a research report on Wednesday, February 12th. StockNews.com upgraded Malibu Boats from a "sell" rating to a "hold" rating in a research report on Friday, February 14th. Benchmark reiterated a "buy" rating and set a $44.00 target price on shares of Malibu Boats in a research report on Tuesday, February 4th. KeyCorp reduced their target price on Malibu Boats from $50.00 to $45.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. Finally, DA Davidson downgraded 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.

Malibu Boats Price Performance

MBUU stock traded down $0.81 on Thursday, reaching $34.51. 168,771 shares of the company's stock were exchanged, compared to its average volume of 187,960. The company has a quick ratio of 0.45, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. The firm has a market cap of $677.78 million, a PE ratio of -7.93 and a beta of 1.33. Malibu Boats has a twelve month low of $30.20 and a twelve month high of $47.82. The stock has a fifty day moving average of $36.97 and a 200-day moving average of $38.76.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, equities analysts predict that Malibu Boats will post 1.69 EPS for the current fiscal year.

Hedge Funds Weigh In On Malibu Boats

A number of large investors have recently modified their holdings of the company. Pzena Investment Management LLC raised its holdings in shares of Malibu Boats by 5.2% in the 3rd quarter. Pzena Investment Management LLC now owns 1,555,331 shares of the company's stock worth $60,362,000 after purchasing an additional 77,015 shares during the period. Wellington Management Group LLP raised its holdings 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 worth $57,648,000 after purchasing an additional 56,629 shares during the period. Cooke & Bieler LP raised its holdings in shares of 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 purchasing an additional 13,767 shares during the period. Grantham Mayo Van Otterloo & Co. LLC raised its holdings in shares of Malibu Boats by 1.0% in 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 period. Finally, American Century Companies Inc. raised its holdings in shares of Malibu Boats by 10.6% in the 4th quarter. American Century Companies Inc. now owns 579,664 shares of the company's stock worth $21,790,000 after purchasing an additional 55,767 shares during the period. 91.35% of the stock is currently owned by hedge funds and other institutional investors.

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.