Victory Capital Management Inc. Purchases 13,123 Shares of Malibu Boats, Inc. (NASDAQ:MBUU)

Victory Capital Management Inc. increased its stake in Malibu Boats, Inc. (NASDAQ:MBUU - Free Report) by 781.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,802 shares of the company's stock after purchasing an additional 13,123 shares during the period. Victory Capital Management Inc. owned 0.08% of Malibu Boats worth $556,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP raised its position in shares of Malibu Boats by 154.8% during the third quarter. Wellington Management Group LLP now owns 1,476,976 shares of the company's stock worth $57,321,000 after acquiring an additional 897,387 shares during the last quarter. Geode Capital Management LLC raised its holdings in 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 last quarter. Bank of New York Mellon Corp lifted its position in Malibu Boats by 370.5% during the 4th quarter. Bank of New York Mellon Corp now owns 440,829 shares of the company's stock valued at $16,571,000 after purchasing an additional 347,144 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of Malibu Boats by 15.8% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 394,288 shares of the company's stock valued at $14,821,000 after purchasing an additional 53,907 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of Malibu Boats by 1,267.7% during the 3rd quarter. Janus Henderson Group PLC now owns 238,576 shares of the company's stock worth $9,259,000 after buying an additional 221,133 shares during the period. Institutional investors and hedge funds own 91.35% of the company's stock.

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Malibu Boats Trading Down 3.0 %

Malibu Boats stock traded down $0.90 during mid-day trading on Tuesday, hitting $29.49. 165,672 shares of the company's stock were exchanged, compared to its average volume of 221,525. The company's 50 day simple moving average is $34.83 and its 200-day simple moving average is $38.34. The company has a quick ratio of 0.45, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $579.04 million, a P/E ratio of -6.78 and a beta of 1.42. Malibu Boats, Inc. has a fifty-two week low of $29.02 and a fifty-two week high of $47.82.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last released 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, equities analysts anticipate that Malibu Boats, Inc. will post 1.69 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on MBUU shares. B. Riley raised shares of Malibu Boats to a "hold" rating in a research note on Wednesday, February 12th. StockNews.com raised Malibu Boats from a "sell" rating to a "hold" rating in a research note on Tuesday, March 11th. Truist Financial lifted their price objective on Malibu Boats from $34.00 to $38.00 and gave the stock a "hold" rating in a research note on Friday, January 31st. KeyCorp lowered Malibu Boats from an "overweight" rating to a "sector weight" rating in a research note on Thursday, March 20th. Finally, Benchmark restated a "buy" rating and set a $44.00 target price on shares of Malibu Boats in a report on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $42.83.

Malibu Boats 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.