Malibu Boats (NASDAQ:MBUU) Upgraded by B. Riley to Hold Rating

B. Riley upgraded shares of Malibu Boats (NASDAQ:MBUU - Free Report) to a hold rating in a research note published on Wednesday morning,Zacks.com reports.

Several other analysts have also recently commented on MBUU. StockNews.com raised shares of Malibu Boats to a "sell" rating in a research note on Saturday, November 2nd. DA Davidson lowered shares of Malibu Boats from a "buy" rating to a "neutral" rating and set a $45.00 price target on the stock. in a report on Friday, November 1st. Robert W. Baird lifted their price target on shares of Malibu Boats from $40.00 to $50.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Truist Financial lifted their price target on shares of Malibu Boats from $34.00 to $38.00 and gave the company a "hold" rating in a report on Friday, January 31st. Finally, Benchmark reiterated a "buy" rating and issued a $44.00 price target on shares of Malibu Boats in a report on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $42.83.

Malibu Boats Trading Down 1.3 %

MBUU stock traded down $0.48 during midday trading on Wednesday, hitting $36.89. The stock had a trading volume of 149,152 shares, compared to its average volume of 176,921. The firm has a market cap of $724.56 million, a PE ratio of -8.48 and a beta of 1.33. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.52 and a quick ratio of 0.45. Malibu Boats has a 12-month low of $30.20 and a 12-month high of $47.82. The company's 50-day moving average price is $37.61 and its 200 day moving average price is $38.80.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last released its 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%. On average, equities research analysts predict that Malibu Boats will post 1.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Malibu Boats

Several hedge funds and other institutional investors have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Malibu Boats by 17.7% during the 4th 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 acquiring an additional 7,925 shares in the last quarter. Tybourne Capital Management HK Ltd. acquired a new position in shares of Malibu Boats during the 4th quarter valued at $3,006,000. ProShare Advisors LLC acquired a new position in shares of Malibu Boats during the 4th quarter valued at $207,000. Janus Henderson Group PLC lifted its holdings in shares of Malibu Boats by 31.6% during the 4th quarter. Janus Henderson Group PLC now owns 314,079 shares of the company's stock valued at $11,807,000 after acquiring an additional 75,503 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Malibu Boats by 22.7% during the 4th quarter. Deutsche Bank AG now owns 17,989 shares of the company's stock valued at $676,000 after acquiring an additional 3,324 shares in the last quarter. 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.