1 week Ago By Defense World Staff
Legal & General Group Plc lowered its position in shares of Malibu Boats, Inc. ( NASDAQ:MBUU – Free Report ) by 16.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The fund owned 26,092 shares of the company’s stock after selling 5,203 shares during the period. Legal & General Group Plc owned about 0.13% of Malibu Boats worth $981,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Invesco Ltd. boosted its stake in Malibu Boats by 2.
4% in the fourth quarter. Invesco Ltd. now owns 49,005 shares of the company’s stock worth $1,842,000 after buying an additional 1,141 shares in the last quarter.
Grantham Mayo Van Otterloo & Co. LLC grew its holdings in shares of Malibu Boats by 1.0% during the 4th quarter.
Grantham Mayo Van Otterloo & Co. LLC now owns 719,717 shares of the company’s stock valued at $27,054,000 after purchasing an additional 6,865 shares during the last quarter. Cullen Capital Management LLC raised its position in Malibu Boats by 20.
4% in the 4th quarter. Cullen Capital Management LLC now owns 22,875 shares of the company’s stock worth $860,000 after purchasing an additional 3,871 shares during the period. Wells Fargo & Company MN lifted its stake in Malibu Boats by 7.
9% in the fourth quarter. Wells Fargo & Company MN now owns 16,452 shares of the company’s stock worth $618,000 after purchasing an additional 1,211 shares during the last quarter. Finally, Villanova Investment Management Co LLC boosted its position in Malibu Boats by 10.
7% during the fourth quarter. Villanova Investment Management Co LLC now owns 44,629 shares of the company’s stock valued at $1,678,000 after buying an additional 4,321 shares during the period. 91.
35% of the stock is currently owned by hedge funds and other institutional investors. Analyst Ratings Changes MBUU has been the topic of several analyst reports. Baird R W downgraded Malibu Boats from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th.
KeyCorp cut Malibu Boats from an “overweight” rating to a “sector weight” rating in a research note on Thursday, March 20th. Truist Financial dropped their price objective on Malibu Boats from $38.00 to $28.
00 and set a “hold” rating for the company in a research note on Monday, April 14th. B. Riley upgraded shares of Malibu Boats to a “hold” rating in a report on Wednesday, February 12th.
Finally, DA Davidson raised shares of Malibu Boats to a “hold” rating in a research report on Monday, April 14th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $38.
17. Malibu Boats Stock Up 0.6 % Shares of Malibu Boats stock opened at $28.
84 on Monday. The company’s fifty day simple moving average is $30.13 and its two-hundred day simple moving average is $36.
44. 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 $566.27 million, a P/E ratio of -6.63 and a beta of 1.
27. Malibu Boats ( NASDAQ:MBUU – Get Free Report ) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.
20 earnings per share (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%.
Research analysts anticipate that Malibu Boats, Inc. will post 1.69 EPS for the current year.
Malibu Boats Company 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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