Schroder Investment Management Group Makes New $6.89 Million Investment in Malibu Boats, Inc. (NASDAQ:MBUU)

Schroder Investment Management Group purchased a new position in shares of Malibu Boats, Inc. (NASDAQ:MBUU - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 186,615 shares of the company's stock, valued at approximately $6,888,000. Schroder Investment Management Group owned approximately 0.95% of Malibu Boats as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Heck Capital Advisors LLC bought a new position in Malibu Boats during the fourth quarter worth $38,000. Central Pacific Bank Trust Division boosted its position in shares of 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 in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Malibu Boats in the 4th quarter valued at about $150,000. Arrowstreet Capital Limited Partnership bought a new stake in Malibu Boats in the 4th quarter valued at about $235,000. Finally, Vestcor Inc raised its stake in Malibu Boats by 317.0% during the 4th quarter. Vestcor Inc now owns 6,410 shares of the company's stock worth $241,000 after buying an additional 4,873 shares during the period. Institutional investors and hedge funds own 91.35% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Baird R W lowered Malibu Boats from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. StockNews.com downgraded shares of Malibu Boats from a "hold" rating to a "sell" rating in a report on Monday. Robert W. Baird reiterated a "neutral" rating and set a $32.00 price objective (down from $50.00) on shares of Malibu Boats in a report on Friday, April 4th. B. Riley raised shares of Malibu Boats to a "hold" rating in a research report on Wednesday, February 12th. Finally, Truist Financial raised their price target on shares of Malibu Boats from $34.00 to $38.00 and gave the company a "hold" rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $39.83.

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Malibu Boats Stock Performance

Shares of MBUU traded up $3.18 on Wednesday, reaching $28.35. 431,436 shares of the company's stock traded hands, compared to its average volume of 230,978. The stock has a market cap of $556.65 million, a PE ratio of -6.52 and a beta of 1.27. 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 stock's 50 day simple moving average is $32.51 and its two-hundred day simple moving average is $37.45. 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 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, analysts forecast that Malibu Boats, Inc. will post 1.69 earnings per share for the current fiscal year.

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.