Malibu Boats, Inc. (NASDAQ:MBUU) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Malibu Boats, Inc. (NASDAQ:MBUU) have earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $42.83.

A number of research analysts have recently weighed in on MBUU shares. DA Davidson downgraded 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. B. Riley upgraded shares of Malibu Boats to a “hold” rating in a report on Wednesday, February 12th. KeyCorp cut their price target on shares of Malibu Boats from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Robert W. Baird raised their price target on shares of Malibu Boats from $40.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, StockNews.com upgraded shares of Malibu Boats from a “sell” rating to a “hold” rating in a report on Friday, February 14th.

Malibu Boats Stock Down 1.7 %

MBUU stock opened at $34.36 on Thursday. Malibu Boats has a 12-month low of $30.20 and a 12-month high of $47.82. The company has a quick ratio of 0.45, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. The company has a market cap of $674.66 million, a price-to-earnings ratio of -7.90 and a beta of 1.33. The company has a 50 day moving average of $36.73 and a two-hundred day moving average of $38.82.

Malibu Boats (NASDAQ:MBUU) last released 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%. On average, equities analysts anticipate that Malibu Boats will post 1.69 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Exchange Traded Concepts LLC grew its stake in Malibu Boats by 4.1% in the 4th quarter. Exchange Traded Concepts LLC now owns 7,977 shares of the company’s stock valued at $300,000 after buying an additional 311 shares during the last quarter. Central Pacific Bank Trust Division grew its position in Malibu Boats by 11.3% in 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 during the last quarter. Studio Investment Management LLC grew its position in Malibu Boats by 53.7% in the 3rd quarter. Studio Investment Management LLC now owns 1,087 shares of the company’s stock worth $42,000 after purchasing an additional 380 shares during the last quarter. Ameriprise Financial Inc. grew its position in Malibu Boats by 0.7% in the 4th quarter. Ameriprise Financial Inc. now owns 123,094 shares of the company’s stock worth $4,627,000 after purchasing an additional 815 shares during the last quarter. Finally, Heck Capital Advisors LLC acquired a new stake in Malibu Boats in the 4th quarter worth $38,000. 91.35% of the stock is currently owned by institutional investors and hedge funds.

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.