Malibu Boats Inc (NASDAQ:MBUU) has received an average recommendation of “Buy” from the ten ratings firms that are presently covering the firm, MarketBeat.com reports. Two 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 company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $35.28.
A number of research analysts have issued reports on MBUU shares. Zacks Investment Research downgraded Malibu Boats from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 10th. BidaskClub raised Malibu Boats from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 8th. ValuEngine raised Malibu Boats from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. B. Riley upped their price target 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, BMO Capital Markets upped their price target 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.
Malibu Boats (NASDAQ:MBUU) opened at $34.52 on Wednesday. The stock has a market capitalization of $719.62, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of 1.06 and a beta of 1.07. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.70 and a quick ratio of 0.92. Malibu Boats has a 12 month low of $20.52 and a 12 month high of $36.81.
In other news, VP Dan L. Gasper sold 15,000 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $34.15, for a total transaction of $512,250.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.50% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its holdings in Malibu Boats by 126.8% during the 4th 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 in the last quarter. Two Sigma Securities LLC purchased a new stake in Malibu Boats during the 4th quarter worth about $236,000. MetLife Investment Advisors LLC purchased a new stake in Malibu Boats during the 4th quarter worth about $261,000. Voya Investment Management LLC lifted its holdings in Malibu Boats by 14.9% during the 2nd quarter. Voya Investment Management LLC now owns 10,529 shares of the company’s stock worth $272,000 after purchasing an additional 1,366 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in Malibu Boats during the 3rd quarter worth about $288,000.
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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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