166,900 Shares in Malibu Boats, Inc. (NASDAQ:MBUU) Purchased by Oberweis Asset Management Inc.

Oberweis Asset Management Inc. bought a new stake in Malibu Boats, Inc. (NASDAQ:MBUU - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 166,900 shares of the company's stock, valued at approximately $6,274,000. Oberweis Asset Management Inc. owned about 0.85% of Malibu Boats at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in shares of Malibu Boats by 8.2% during the 3rd quarter. Geode Capital Management LLC now owns 576,070 shares of the company's stock worth $22,361,000 after purchasing an additional 43,769 shares during the period. Schroder Investment Management Group purchased a new stake in Malibu Boats during the 4th quarter worth $6,888,000. Wellington Management Group LLP increased its holdings in Malibu Boats by 3.8% in the 4th quarter. Wellington Management Group LLP now owns 1,533,605 shares of the company's stock valued at $57,648,000 after purchasing an additional 56,629 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Malibu Boats by 6.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 121,711 shares of the company's stock valued at $4,575,000 after purchasing an additional 7,186 shares during the period. Finally, Barclays PLC lifted its stake in shares of Malibu Boats by 92.6% during the third quarter. Barclays PLC now owns 46,919 shares of the company's stock worth $1,820,000 after purchasing an additional 22,556 shares in the last quarter. Hedge funds and other institutional investors own 91.35% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MBUU. Benchmark reiterated a "buy" rating and set a $44.00 target price on shares of Malibu Boats in a report on Tuesday, February 4th. DA Davidson upgraded shares of Malibu Boats to a "hold" rating in a research note on Monday, April 14th. Robert W. Baird restated a "neutral" rating and issued a $32.00 target price (down from $50.00) on shares of Malibu Boats in a research note on Friday, April 4th. KeyCorp lowered shares of Malibu Boats from an "overweight" rating to a "sector weight" rating in a report on Thursday, March 20th. Finally, Baird R W downgraded Malibu Boats from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $38.17.

Malibu Boats Stock Down 0.7 %

Shares of MBUU traded down $0.19 during midday trading on Monday, hitting $28.65. The company had a trading volume of 127,295 shares, compared to its average volume of 220,452. The stock has a market cap of $562.54 million, a price-to-earnings ratio of -6.59 and a beta of 1.27. The company's 50 day moving average price is $30.13 and its 200 day moving average price is $36.44. The company has a quick ratio of 0.45, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. Malibu Boats, Inc. has a 52 week low of $24.43 and a 52 week high of $47.82.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last announced 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%. On average, equities research analysts predict that Malibu Boats, Inc. will post 1.69 EPS for the current year.

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.