Versor Investments LP Invests $217,000 in Malibu Boats, Inc. (NASDAQ:MBUU)

Versor Investments LP acquired a new position in Malibu Boats, Inc. (NASDAQ:MBUU) during the third quarter, HoldingsChannel.com reports. The fund acquired 5,600 shares of the company’s stock, valued at approximately $217,000.

Other institutional investors have also added to or reduced their stakes in the company. Chartwell Investment Partners LLC acquired a new position in shares of Malibu Boats in the 3rd quarter worth approximately $3,132,000. US Bancorp DE lifted its holdings in Malibu Boats by 851.7% in the third quarter. US Bancorp DE now owns 5,434 shares of the company’s stock valued at $211,000 after buying an additional 4,863 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Malibu Boats by 37.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 114,525 shares of the company’s stock valued at $4,445,000 after buying an additional 31,026 shares during the period. nVerses Capital LLC bought a new stake in Malibu Boats during the third quarter valued at $74,000. Finally, Creative Planning acquired a new stake in Malibu Boats during the 3rd quarter worth about $223,000. 91.35% of the stock is currently owned by institutional investors.

Malibu Boats Trading Down 0.7 %

NASDAQ:MBUU opened at $41.22 on Friday. Malibu Boats, Inc. has a one year low of $30.20 and a one year high of $56.03. The company has a market cap of $812.86 million, a PE ratio of -10.36 and a beta of 1.36. 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 firm has a 50-day moving average of $40.57 and a 200-day moving average of $37.28.

Malibu Boats (NASDAQ:MBUU) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.16. The firm had revenue of $171.60 million during the quarter, compared to the consensus estimate of $165.33 million. Malibu Boats had a positive return on equity of 2.39% and a negative net margin of 10.90%. The company’s quarterly revenue was down 32.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.07 earnings per share. As a group, equities research analysts expect that Malibu Boats, Inc. will post 2.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MBUU shares. Robert W. Baird upped their target price on Malibu Boats from $40.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Benchmark reaffirmed a “buy” rating and set a $44.00 price objective on shares of Malibu Boats 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. KeyCorp increased their target price on shares of Malibu Boats from $38.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Finally, DA Davidson lowered shares of Malibu Boats from a “buy” rating to a “neutral” rating and set a $45.00 price objective on the stock. in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $44.57.

Malibu Boats Profile

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.