Wellington Management Group LLP grew its stake in Malibu Boats, Inc. (NASDAQ:MBUU - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,533,605 shares of the company's stock after acquiring an additional 56,629 shares during the period. Wellington Management Group LLP owned 7.81% of Malibu Boats worth $57,648,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Heck Capital Advisors LLC acquired a new position in shares of Malibu Boats in the fourth quarter valued at approximately $38,000. Central Pacific Bank Trust Division raised its position in shares of Malibu Boats by 11.3% in the fourth quarter. Central Pacific Bank Trust Division now owns 3,626 shares of the company's stock valued at $136,000 after purchasing an additional 368 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Malibu Boats in the fourth quarter valued at about $150,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Malibu Boats in the fourth quarter valued at about $235,000. Finally, Vestcor Inc grew its stake in shares of Malibu Boats by 317.0% in the fourth quarter. Vestcor Inc now owns 6,410 shares of the company's stock valued at $241,000 after acquiring an additional 4,873 shares in the last quarter. 91.35% of the stock is owned by institutional investors.
Malibu Boats Price Performance
Shares of NASDAQ MBUU traded down $1.98 during midday trading on Thursday, hitting $26.37. 26,688 shares of the company's stock were exchanged, compared to its average volume of 230,183. Malibu Boats, Inc. has a 12-month low of $24.43 and a 12-month high of $47.82. 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 company has a market cap of $517.70 million, a price-to-earnings ratio of -6.07 and a beta of 1.27. The business's fifty day moving average price is $32.51 and its two-hundred day moving average price is $37.45.
Malibu Boats (NASDAQ:MBUU - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.20 EPS for the quarter, missing analysts' consensus estimates 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, research analysts forecast that Malibu Boats, Inc. will post 1.69 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on MBUU shares. Benchmark restated a "buy" rating and issued a $44.00 price target on shares of Malibu Boats in a research note on Tuesday, February 4th. Baird R W lowered shares of Malibu Boats from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. StockNews.com downgraded shares of Malibu Boats from a "hold" rating to a "sell" rating in a research report on Monday. B. Riley raised shares of Malibu Boats to a "hold" rating in a research report on Wednesday, February 12th. Finally, Truist Financial lifted 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 equities 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. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $39.83.
Get Our Latest Research Report on MBUU
Malibu Boats Company Profile
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Free Report)
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.
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