Malibu Boats (NASDAQ:MBUU) Upgraded at B. Riley

Malibu Boats (NASDAQ:MBUU) was upgraded by research analysts at B. Riley to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Several other research firms have also recently weighed in on MBUU. Robert W. Baird boosted their price target 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. DA Davidson cut shares of Malibu Boats from a “buy” rating to a “neutral” rating and set a $45.00 price target on the stock. in a report on Friday, November 1st. Benchmark restated a “buy” rating and set a $44.00 price target on shares of Malibu Boats in a report on Tuesday, February 4th. StockNews.com upgraded shares of Malibu Boats to a “sell” rating in a report on Saturday, November 2nd. Finally, Truist Financial boosted their target price on shares of Malibu Boats from $34.00 to $38.00 and gave the company a “hold” rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $42.83.

Malibu Boats Price Performance

MBUU opened at $36.22 on Wednesday. The firm’s fifty day moving average price is $38.00 and its two-hundred day moving average price is $38.81. The company has a market capitalization of $711.36 million, a price-to-earnings ratio of -8.33 and a beta of 1.33. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.52 and a quick ratio of 0.45. Malibu Boats has a 1 year low of $30.20 and a 1 year high of $48.92.

Malibu Boats (NASDAQ:MBUU) last released its quarterly earnings results 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 positive return on equity of 1.04% and a negative net margin of 12.09%. As a group, analysts anticipate that Malibu Boats will post 1.76 earnings per share for the current fiscal year.

Institutional Trading of Malibu Boats

Hedge funds and other institutional investors have recently modified their holdings of the business. Heck Capital Advisors LLC purchased a new position in Malibu Boats in the 4th quarter valued at approximately $38,000. Studio Investment Management LLC grew its position in shares of Malibu Boats by 53.7% in the third quarter. Studio Investment Management LLC now owns 1,087 shares of the company’s stock valued at $42,000 after purchasing an additional 380 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of Malibu Boats during the 3rd quarter valued at $74,000. Central Pacific Bank Trust Division lifted its holdings in Malibu Boats by 11.3% during the 4th quarter. Central Pacific Bank Trust Division now owns 3,626 shares of the company’s stock worth $136,000 after purchasing an additional 368 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Malibu Boats in the 4th quarter worth about $150,000. Institutional investors own 91.35% of the company’s stock.

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.