Jane Street Group LLC Sells 15,750 Shares of Malibu Boats, Inc. (NASDAQ:MBUU)

Jane Street Group LLC trimmed its position in shares of Malibu Boats, Inc. (NASDAQ:MBUU - Free Report) by 55.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,801 shares of the company's stock after selling 15,750 shares during the quarter. Jane Street Group LLC owned 0.06% of Malibu Boats worth $497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP increased its holdings in Malibu Boats by 154.8% in the 3rd quarter. Wellington Management Group LLP now owns 1,476,976 shares of the company's stock worth $57,321,000 after acquiring an additional 897,387 shares during the last quarter. Stadium Capital Management LLC bought a new position in Malibu Boats during the third quarter worth about $2,682,000. Stifel Financial Corp increased its stake in shares of Malibu Boats by 23.3% in the third quarter. Stifel Financial Corp now owns 18,370 shares of the company's stock worth $713,000 after purchasing an additional 3,472 shares in the last quarter. Readystate Asset Management LP bought a new stake in shares of Malibu Boats in the third quarter valued at approximately $1,075,000. Finally, Janus Henderson Group PLC lifted its stake in shares of Malibu Boats by 1,267.7% during the 3rd quarter. Janus Henderson Group PLC now owns 238,576 shares of the company's stock valued at $9,259,000 after buying an additional 221,133 shares in the last quarter. 91.35% of the stock is owned by institutional investors.

Malibu Boats Price Performance

Shares of MBUU stock traded down $0.66 during trading on Monday, hitting $36.63. The company had a trading volume of 108,700 shares, compared to its average volume of 90,567. Malibu Boats, Inc. has a 52 week low of $30.20 and a 52 week high of $54.31. The stock has a market capitalization of $722.16 million, a price-to-earnings ratio of -9.20 and a beta of 1.32. The company has a quick ratio of 0.52, a current ratio of 1.55 and a debt-to-equity ratio of 0.05. The stock's 50-day moving average is $41.34 and its two-hundred day moving average is $38.50.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.16. Malibu Boats had a negative net margin of 10.90% and a positive return on equity of 2.39%. The firm had revenue of $171.60 million for the quarter, compared to analysts' expectations of $165.33 million. During the same quarter last year, the company posted $1.07 EPS. The business's quarterly revenue was down 32.9% on a year-over-year basis. As a group, analysts predict that Malibu Boats, Inc. will post 2.01 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MBUU shares. Benchmark reissued a "buy" rating and set a $44.00 target price on shares of Malibu Boats in a report on Friday, November 1st. Truist Financial increased their price objective on Malibu Boats from $32.00 to $42.00 and gave the stock a "hold" rating in a report on Friday, November 1st. Robert W. Baird lifted their target price on Malibu Boats from $40.00 to $50.00 and gave the company an "outperform" rating in a report on Friday, November 1st. StockNews.com raised shares of Malibu Boats to a "sell" rating in a report on Saturday, November 2nd. Finally, KeyCorp boosted their price objective on shares of Malibu Boats from $38.00 to $50.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $44.57.

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.