Malibu Boats (NASDAQ:MBUU) Rating Increased to Hold at StockNews.com

Malibu Boats (NASDAQ:MBUU - Get Free Report) was upgraded by research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Friday.

A number of other analysts have also weighed in on the stock. KeyCorp cut their target price on shares of Malibu Boats from $50.00 to $45.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 8th. Truist Financial raised their price objective 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. Benchmark reaffirmed a "buy" rating and set a $44.00 price objective on shares of Malibu Boats in a research report on Tuesday, February 4th. B. Riley upgraded Malibu Boats to a "hold" rating in a research note on Wednesday, February 12th. Finally, Robert W. Baird upped their price objective on Malibu Boats from $40.00 to $50.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $42.83.

Malibu Boats Stock Down 1.3 %

Shares of Malibu Boats stock traded down $0.48 during trading hours on Friday, reaching $36.89. 149,152 shares of the company were exchanged, compared to its average volume of 176,921. Malibu Boats has a 1 year low of $30.20 and a 1 year high of $47.82. The stock's fifty day moving average is $37.61 and its 200 day moving average is $38.80. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.45 and a current ratio of 1.52. The firm has a market cap of $724.56 million, a PE ratio of -8.48 and a beta of 1.33.

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%. As a group, equities research analysts forecast that Malibu Boats will post 1.76 earnings per share for the current year.

Institutional Trading of Malibu Boats

Hedge funds and other institutional investors have recently made changes to their positions in the company. Heck Capital Advisors LLC purchased a new position in Malibu Boats during the 4th quarter worth approximately $38,000. Studio Investment Management LLC increased its holdings in shares of Malibu Boats by 53.7% in the 3rd quarter. Studio Investment Management LLC now owns 1,087 shares of the company's stock valued at $42,000 after acquiring an additional 380 shares during the period. Quarry LP purchased a new stake in Malibu Boats in the 4th quarter valued at $45,000. nVerses Capital LLC acquired a new stake in Malibu Boats during the 3rd quarter worth $74,000. Finally, Central Pacific Bank Trust Division grew its position in Malibu Boats by 11.3% during the 4th quarter. Central Pacific Bank Trust Division now owns 3,626 shares of the company's stock worth $136,000 after purchasing an additional 368 shares during 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.