Malibu Boats (NASDAQ:MBUU) Rating Lowered to Sell at StockNews.com

Malibu Boats (NASDAQ:MBUU) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Monday.

Several other analysts have also recently issued reports on MBUU. B. Riley raised shares of Malibu Boats to a “hold” rating in a report on Wednesday, February 12th. KeyCorp lowered Malibu Boats from an “overweight” rating to a “sector weight” rating in a report on Thursday, March 20th. Benchmark reiterated a “buy” rating and issued a $44.00 target price on shares of Malibu Boats in a research report on Tuesday, February 4th. Truist Financial raised their price objective on Malibu Boats from $34.00 to $38.00 and gave the stock a “hold” rating in a research note on Friday, January 31st. Finally, Robert W. Baird reiterated a “neutral” rating and set a $32.00 target price (down previously from $50.00) on shares of Malibu Boats in a research note on Friday. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $39.83.

Malibu Boats Stock Down 7.3 %

NASDAQ:MBUU traded down $2.08 during trading hours on Monday, hitting $26.43. The stock had a trading volume of 746,239 shares, compared to its average volume of 228,866. The company has a market cap of $518.95 million, a PE ratio of -6.08 and a beta of 1.27. The business has a 50 day simple moving average of $33.45 and a two-hundred day simple moving average of $37.77. Malibu Boats has a 1-year low of $25.93 and a 1-year 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.

Malibu Boats (NASDAQ:MBUU) last announced its 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%. Analysts predict that Malibu Boats will post 1.69 EPS for the current year.

Hedge Funds Weigh In On Malibu Boats

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its stake in Malibu Boats by 2,154.4% during the 1st quarter. GAMMA Investing LLC now owns 4,847 shares of the company’s stock valued at $158,000 after acquiring an additional 4,632 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Malibu Boats by 3.8% during the fourth quarter. Wellington Management Group LLP now owns 1,533,605 shares of the company’s stock valued at $57,648,000 after purchasing an additional 56,629 shares during the period. Heck Capital Advisors LLC bought a new position in Malibu Boats in the 4th quarter valued at about $38,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Malibu Boats by 17.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 52,636 shares of the company’s stock valued at $1,979,000 after buying an additional 7,925 shares during the period. Finally, Tybourne Capital Management HK Ltd. bought a new stake in shares of Malibu Boats during the 4th quarter worth about $3,006,000. 91.35% of the stock is owned by institutional investors.

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.