Parametric Portfolio Associates LLC lowered its position in shares of Malibu Boats, Inc. (NASDAQ:MBUU) by 16.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,309 shares of the company’s stock after selling 8,588 shares during the quarter. Parametric Portfolio Associates LLC owned 0.24% of Malibu Boats worth $1,095,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in MBUU. American International Group Inc. raised its holdings in shares of Malibu Boats by 7.1% during the first quarter. American International Group Inc. now owns 11,115 shares of the company’s stock valued at $250,000 after acquiring an additional 733 shares during the period. Teachers Advisors LLC raised its holdings in shares of Malibu Boats by 15.7% during the first quarter. Teachers Advisors LLC now owns 38,933 shares of the company’s stock valued at $874,000 after acquiring an additional 5,282 shares during the period. TIAA CREF Investment Management LLC increased its stake in Malibu Boats by 43.1% in the 1st quarter. TIAA CREF Investment Management LLC now owns 79,926 shares of the company’s stock valued at $1,794,000 after buying an additional 24,062 shares during the period. California Public Employees Retirement System increased its stake in Malibu Boats by 5.8% in the 1st quarter. California Public Employees Retirement System now owns 67,400 shares of the company’s stock valued at $1,513,000 after buying an additional 3,700 shares during the period. Finally, Vanguard Group Inc. increased its stake in Malibu Boats by 22.1% in the 1st quarter. Vanguard Group Inc. now owns 807,539 shares of the company’s stock valued at $18,129,000 after buying an additional 146,263 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.
In related news, CEO Jackie D. Jr. Springer sold 40,000 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $27.76, for a total transaction of $1,110,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.50% of the stock is currently owned by corporate insiders.
Several research analysts have weighed in on MBUU shares. B. Riley lowered shares of Malibu Boats to a “neutral” rating and set a $25.25 price objective on the stock. in a research note on Saturday, September 2nd. KeyCorp reiterated a “buy” rating and issued a $33.00 price objective on shares of Malibu Boats in a research note on Friday, November 10th. Zacks Investment Research lowered shares of Malibu Boats from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. BMO Capital Markets upgraded shares of Malibu Boats from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $29.00 to $32.00 in a research note on Monday, September 11th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and issued a $32.00 price objective (up previously from $30.00) on shares of Malibu Boats in a research note on Friday, September 8th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $32.31.
Shares of Malibu Boats, Inc. (NASDAQ:MBUU) opened at $28.39 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.46 and a quick ratio of 0.71. The company has a market cap of $579.03, a P/E ratio of 16.92, a price-to-earnings-growth ratio of 0.99 and a beta of 1.02. Malibu Boats, Inc. has a 1 year low of $17.15 and a 1 year high of $33.35.
Malibu Boats (NASDAQ:MBUU) last posted its quarterly earnings data on Thursday, September 7th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The business had revenue of $75.11 million during the quarter, compared to the consensus estimate of $73.35 million. Malibu Boats had a net margin of 9.42% and a return on equity of 54.78%. Malibu Boats’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 EPS. sell-side analysts predict that Malibu Boats, Inc. will post 1.91 EPS for the current fiscal year.
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Malibu Boats Profile
Malibu Boats, Inc is a designer, manufacturer and marketer of performance sport boats. The Company’s segments include the U.S. and Australia. Each segment is engaged in the manufacturing, distribution, marketing and sale of performance sport boats. Its U.S. segment serves markets in North America, South America, Europe and Asia.
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