Malibu Boats, Inc. (NASDAQ:MBUU) Given Consensus Rating of "Hold" by Brokerages

Malibu Boats, Inc. (NASDAQ:MBUU - Get Free Report) has been assigned an average recommendation of "Hold" from the seven ratings firms that are currently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $38.17.

A number of analysts recently weighed in on the stock. Baird R W cut shares of Malibu Boats from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Robert W. Baird reaffirmed a "neutral" rating and set a $32.00 target price (down from $50.00) on shares of Malibu Boats in a research report on Friday, April 4th. Benchmark reissued a "buy" rating and issued a $44.00 price target on shares of Malibu Boats in a research note on Tuesday, February 4th. DA Davidson raised shares of Malibu Boats to a "hold" rating in a research note on Monday. Finally, Truist Financial dropped their target price on shares of Malibu Boats from $38.00 to $28.00 and set a "hold" rating on the stock in a research report on Monday.

Malibu Boats Price Performance

NASDAQ:MBUU traded down $1.21 during midday trading on Friday, hitting $25.83. 96,082 shares of the stock were exchanged, compared to its average volume of 229,791. The business has a 50-day moving average price of $31.89 and a two-hundred day moving average price of $37.20. 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 company has a market capitalization of $507.17 million, a price-to-earnings ratio of -5.94 and a beta of 1.27. Malibu Boats has a one year low of $24.43 and a one year high of $47.82.

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

Hedge Funds Weigh In On Malibu Boats

A number of hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in Malibu Boats by 2,154.4% in the first quarter. GAMMA Investing LLC now owns 4,847 shares of the company's stock worth $158,000 after acquiring an additional 4,632 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Malibu Boats by 3.8% in the fourth 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 in the last quarter. Heck Capital Advisors LLC acquired a new position in Malibu Boats during the fourth quarter worth $38,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Malibu Boats by 17.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 52,636 shares of the company's stock valued at $1,979,000 after buying an additional 7,925 shares in the last quarter. Finally, Tybourne Capital Management HK Ltd. acquired a new stake in shares of Malibu Boats in the fourth quarter worth about $3,006,000. Institutional investors and hedge funds own 91.35% of the company's stock.

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.