NBW Capital LLC reduced its position in shares of Malibu Boats Inc (NASDAQ:MBUU) by 34.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 122,745 shares of the company’s stock after selling 64,965 shares during the quarter. NBW Capital LLC owned about 0.60% of Malibu Boats worth $3,649,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in MBUU. Tower Research Capital LLC TRC increased its stake in Malibu Boats by 126.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,445 shares of the company’s stock worth $133,000 after purchasing an additional 2,485 shares during the period. Voya Investment Management LLC increased its stake in shares of Malibu Boats by 14.9% during the second quarter. Voya Investment Management LLC now owns 10,529 shares of the company’s stock valued at $272,000 after buying an additional 1,366 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Malibu Boats during the third quarter valued at $288,000. American International Group Inc. increased its stake in shares of Malibu Boats by 13.7% during the fourth quarter. American International Group Inc. now owns 13,725 shares of the company’s stock valued at $408,000 after buying an additional 1,652 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Malibu Boats during the fourth quarter valued at $432,000.
Shares of Malibu Boats Inc (MBUU) opened at $34.93 on Monday. Malibu Boats Inc has a 12-month low of $20.52 and a 12-month high of $36.81. The firm has a market capitalization of $716.40, a PE ratio of 19.30, a P/E/G ratio of 1.06 and a beta of 1.07. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.92 and a current ratio of 1.70.
Several equities analysts have recently commented on the company. BidaskClub upgraded Malibu Boats from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Zacks Investment Research upgraded Malibu Boats from a “hold” rating to a “strong-buy” rating and set a $39.00 price target on the stock in a research note on Thursday, February 15th. BMO Capital Markets raised their price objective on Malibu Boats from $34.00 to $40.00 and gave the company a “top pick” rating in a research report on Tuesday, February 13th. B. Riley raised their price objective on Malibu Boats from $29.50 to $32.25 and gave the company a “neutral” rating in a research report on Monday, February 12th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $37.00 price objective on shares of Malibu Boats in a research report on Friday, February 9th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the stock. Malibu Boats presently has an average rating of “Buy” and an average price target of $35.28.
In other Malibu Boats news, VP Dan L. Gasper sold 15,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $34.15, for a total value of $512,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.50% of the stock is currently owned by company insiders.
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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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