Malibu Boats, Inc. (NASDAQ:MBUU) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Malibu Boats, Inc. (NASDAQ:MBUUFree Report) by 20.6% in the third quarter, HoldingsChannel reports. The firm owned 44,711 shares of the company’s stock after purchasing an additional 7,637 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Malibu Boats were worth $1,735,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Studio Investment Management LLC raised its holdings in Malibu Boats by 264.4% in the second quarter. Studio Investment Management LLC now owns 707 shares of the company’s stock valued at $25,000 after acquiring an additional 513 shares in the last quarter. nVerses Capital LLC acquired a new position in Malibu Boats in the third quarter worth about $74,000. SG Americas Securities LLC bought a new stake in Malibu Boats in the second quarter valued at about $139,000. Benjamin Edwards Inc. raised its stake in Malibu Boats by 43.1% during the second quarter. Benjamin Edwards Inc. now owns 5,112 shares of the company’s stock valued at $179,000 after buying an additional 1,539 shares in the last quarter. Finally, US Bancorp DE grew its position in shares of Malibu Boats by 851.7% in the 3rd quarter. US Bancorp DE now owns 5,434 shares of the company’s stock worth $211,000 after acquiring an additional 4,863 shares in the last quarter. Institutional investors and hedge funds own 91.35% of the company’s stock.

Malibu Boats Stock Performance

MBUU opened at $41.12 on Tuesday. The business has a 50 day moving average price of $42.41 and a two-hundred day moving average price of $38.43. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.55 and a quick ratio of 0.52. The company has a market capitalization of $810.68 million, a price-to-earnings ratio of -10.33 and a beta of 1.30. Malibu Boats, Inc. has a 1-year low of $30.20 and a 1-year high of $56.03.

Malibu Boats (NASDAQ:MBUUGet Free Report) last released its earnings results on Thursday, October 31st. The company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.16. The business 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% on a year-over-year basis. During the same period in the prior year, the business earned $1.07 earnings per share. Research analysts predict that Malibu Boats, Inc. will post 2.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MBUU shares. DA Davidson downgraded shares of Malibu Boats from a “buy” rating to a “neutral” rating and set a $45.00 price objective for the company. in a report on Friday, November 1st. KeyCorp boosted 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. Robert W. Baird raised their target price on shares of Malibu Boats from $40.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. StockNews.com raised Malibu Boats to a “sell” rating in a report on Saturday, November 2nd. Finally, Benchmark reissued a “buy” rating and issued a $44.00 price target on shares of Malibu Boats in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $44.57.

View Our Latest Research Report on Malibu Boats

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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