Twin Lions Management LLC Invests $19.81 Million in Malibu Boats, Inc. (NASDAQ:MBUU)

Twin Lions Management LLC purchased a new stake in Malibu Boats, Inc. (NASDAQ:MBUU - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 526,935 shares of the company's stock, valued at approximately $19,807,000. Malibu Boats comprises about 19.2% of Twin Lions Management LLC's investment portfolio, making the stock its 2nd biggest position. Twin Lions Management LLC owned about 2.68% of Malibu Boats at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Heck Capital Advisors LLC acquired a new stake in shares of Malibu Boats during the 4th quarter worth approximately $38,000. Central Pacific Bank Trust Division increased its stake in Malibu Boats by 11.3% during the fourth quarter. Central Pacific Bank Trust Division now owns 3,626 shares of the company's stock worth $136,000 after acquiring an additional 368 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Malibu Boats during the fourth quarter worth $150,000. Tower Research Capital LLC TRC raised its position in Malibu Boats by 518.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,966 shares of the company's stock valued at $224,000 after purchasing an additional 5,001 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Malibu Boats in the 4th quarter valued at $235,000. Hedge funds and other institutional investors own 91.35% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on MBUU shares. KeyCorp lowered shares of Malibu Boats from an "overweight" rating to a "sector weight" rating in a report on Thursday, March 20th. StockNews.com raised shares of Malibu Boats from a "sell" rating to a "hold" rating in a research note on Tuesday, April 15th. Truist Financial decreased their price objective on shares of Malibu Boats from $38.00 to $28.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Baird R W downgraded shares of Malibu Boats from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, B. Riley upgraded Malibu Boats to a "hold" rating in a research note on Wednesday, February 12th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $38.17.

Malibu Boats Stock Up 0.6 %

Malibu Boats stock traded up $0.17 during mid-day trading on Friday, reaching $28.84. 159,849 shares of the company's stock were exchanged, compared to its average volume of 220,632. 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 twelve month low of $24.43 and a twelve month high of $47.82. The company has a market cap of $566.27 million, a P/E ratio of -6.63 and a beta of 1.27. The company has a fifty day moving average of $30.29 and a 200-day moving average of $36.56.

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%. Sell-side analysts expect 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.