Malibu Boats, Inc. (NASDAQ:MBUU) VP Deborah S. Kent sold 1,497 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $31.16, for a total value of $46,646.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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. Malibu Boats, Inc. has a one year low of $17.17 and a one year high of $33.35. The company has a market cap of $626.30, a PE ratio of 18.02, a price-to-earnings-growth ratio of 1.06 and a beta of 1.02. The company has a quick ratio of 0.71, a current ratio of 1.46 and a debt-to-equity ratio of 0.94.

Malibu Boats (NASDAQ:MBUU) last announced its quarterly earnings results on Thursday, September 7th. The company reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. Malibu Boats had a return on equity of 54.78% and a net margin of 9.42%. The company had revenue of $75.11 million during the quarter, compared to analysts’ expectations of $73.35 million. During the same period in the prior year, the company earned $0.38 EPS. Malibu Boats’s revenue was up 12.6% compared to the same quarter last year. research analysts anticipate that Malibu Boats, Inc. will post 1.91 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Alps Advisors Inc. lifted its stake in shares of Malibu Boats by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 22,747 shares of the company’s stock valued at $588,000 after acquiring an additional 58 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Malibu Boats by 0.8% in the 2nd quarter. Rhumbline Advisers now owns 19,767 shares of the company’s stock valued at $511,000 after acquiring an additional 160 shares during the last quarter. Voya Investment Management LLC lifted its stake in shares of Malibu Boats by 14.9% in the 2nd quarter. Voya Investment Management LLC now owns 10,529 shares of the company’s stock valued at $272,000 after acquiring an additional 1,366 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Malibu Boats by 3.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 55,860 shares of the company’s stock valued at $1,767,000 after acquiring an additional 1,735 shares during the last quarter. Finally, Mckinley Capital Management LLC Delaware lifted its stake in shares of Malibu Boats by 1.6% in the 3rd quarter. Mckinley Capital Management LLC Delaware now owns 194,937 shares of the company’s stock valued at $6,168,000 after acquiring an additional 2,978 shares during the last quarter.

Several research firms have weighed in on MBUU. BMO Capital Markets upped their target price on Malibu Boats from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Monday, November 13th. SunTrust Banks restated a “buy” rating and set a $34.00 target price on shares of Malibu Boats in a research note on Friday, November 10th. KeyCorp restated a “buy” rating and set a $33.00 target price on shares of Malibu Boats in a research note on Friday, November 10th. Zacks Investment Research upgraded Malibu Boats from a “hold” rating to a “strong-buy” rating and set a $32.00 target price for the company in a research note on Saturday, November 11th. Finally, B. Riley restated a “neutral” rating and set a $29.50 target price (up from $25.50) on shares of Malibu Boats in a research note on Monday, November 6th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $32.31.

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Malibu Boats Company 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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