Malibu Boats, Inc. (NASDAQ:MBUU) COO Ritchie L. Anderson sold 15,000 shares of Malibu Boats stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $31.15, for a total value of $467,250.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of Malibu Boats, Inc. (NASDAQ MBUU) traded down $0.52 on Friday, hitting $30.74. The stock had a trading volume of 352,050 shares, compared to its average volume of 191,784. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.71 and a current ratio of 1.46. Malibu Boats, Inc. has a 12-month low of $17.17 and a 12-month high of $33.35. The company has a market cap of $626.30, a PE ratio of 18.02, a P/E/G ratio of 1.06 and a beta of 1.02.

Malibu Boats (NASDAQ:MBUU) last announced its quarterly earnings data on Thursday, September 7th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. Malibu Boats had a net margin of 9.42% and a return on equity of 54.78%. The company had revenue of $75.11 million during the quarter, compared to analyst estimates of $73.35 million. During the same period in the previous year, the business earned $0.38 EPS. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. sell-side analysts forecast that Malibu Boats, Inc. will post 1.91 EPS for the current fiscal year.

MBUU has been the topic of several research reports. B. Riley cut Malibu Boats from a “buy” rating to a “neutral” rating and cut their price objective for the company from $26.00 to $25.25 in a research report on Monday, August 28th. KeyCorp reaffirmed an “overweight” rating and set a $31.00 price objective on shares of Malibu Boats in a research report on Wednesday, August 30th. BMO Capital Markets raised Malibu Boats from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $29.00 to $32.00 in a research report on Monday, September 11th. Zacks Investment Research raised Malibu Boats from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective on the stock in a research report on Thursday, September 7th. Finally, ValuEngine raised Malibu Boats from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 6th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $32.31.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Prudential Financial Inc. raised its holdings in Malibu Boats by 3.1% in the 2nd quarter. Prudential Financial Inc. now owns 169,440 shares of the company’s stock worth $4,383,000 after acquiring an additional 5,140 shares during the last quarter. Alliancebernstein L.P. purchased a new position in Malibu Boats in the 2nd quarter worth approximately $269,000. AJO LP purchased a new position in Malibu Boats in the 2nd quarter worth approximately $5,025,000. Bank of America Corp DE raised its stake in Malibu Boats by 48.2% during the 1st quarter. Bank of America Corp DE now owns 72,202 shares of the company’s stock valued at $1,621,000 after buying an additional 23,474 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Malibu Boats by 10.7% during the 2nd quarter. Vanguard Group Inc. now owns 893,667 shares of the company’s stock valued at $23,120,000 after buying an additional 86,128 shares during the last quarter.

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About Malibu Boats

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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