Benjamin Edwards Inc. Has $255,000 Stake in Malibu Boats, Inc. (NASDAQ:MBUU)

Benjamin Edwards Inc. boosted its holdings in shares of Malibu Boats, Inc. (NASDAQ:MBUUFree Report) by 28.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,572 shares of the company’s stock after buying an additional 1,460 shares during the period. Benjamin Edwards Inc.’s holdings in Malibu Boats were worth $255,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Atom Investors LP lifted its position in shares of Malibu Boats by 219.0% during the 3rd quarter. Atom Investors LP now owns 55,357 shares of the company’s stock worth $2,148,000 after buying an additional 38,002 shares during the period. Verition Fund Management LLC bought a new position in shares of Malibu Boats during the third quarter valued at $878,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Malibu Boats by 20.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,711 shares of the company’s stock valued at $1,735,000 after acquiring an additional 7,637 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Malibu Boats by 60.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,879 shares of the company’s stock valued at $267,000 after purchasing an additional 2,585 shares in the last quarter. Finally, De Lisle Partners LLP grew its holdings in shares of Malibu Boats by 6.0% in the 3rd quarter. De Lisle Partners LLP now owns 106,369 shares of the company’s stock worth $4,131,000 after purchasing an additional 6,000 shares during the last quarter. Institutional investors own 91.35% of the company’s stock.

Malibu Boats Stock Up 1.4 %

Shares of NASDAQ:MBUU opened at $44.28 on Wednesday. The company has a 50 day moving average of $42.20 and a 200-day moving average of $38.28. Malibu Boats, Inc. has a one year low of $30.20 and a one year high of $56.03. The stock has a market cap of $873.20 million, a price-to-earnings ratio of -11.13 and a beta of 1.30. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.55 and a quick ratio of 0.52.

Malibu Boats (NASDAQ:MBUUGet Free Report) last released its earnings results on Thursday, October 31st. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.16. The firm had revenue of $171.60 million during the quarter, compared to analyst estimates of $165.33 million. Malibu Boats had a negative net margin of 10.90% and a positive return on equity of 2.39%. The business’s quarterly revenue was down 32.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.07 EPS. On average, sell-side analysts forecast that Malibu Boats, Inc. will post 2.01 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on MBUU shares. Benchmark reaffirmed a “buy” rating and set a $44.00 price objective on shares of Malibu Boats in a report on Friday, November 1st. DA Davidson cut Malibu Boats from a “buy” rating to a “neutral” rating and set a $45.00 price target for the company. in a report on Friday, November 1st. KeyCorp raised their price objective on shares of Malibu Boats from $38.00 to $50.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. StockNews.com upgraded shares of Malibu Boats to a “sell” rating in a research report on Saturday, November 2nd. Finally, Robert W. Baird raised their price target on shares of Malibu Boats from $40.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have 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 a consensus price target of $44.57.

View Our Latest Stock Report on MBUU

Malibu Boats Profile

(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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Institutional Ownership by Quarter for Malibu Boats (NASDAQ:MBUU)

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