Geode Capital Management LLC Has $14.42 Million Stock Holdings in Malibu Boats, Inc. $MBUU

Geode Capital Management LLC decreased its holdings in shares of Malibu Boats, Inc. (NASDAQ:MBUU) by 4.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 460,158 shares of the company’s stock after selling 19,567 shares during the quarter. Geode Capital Management LLC’s holdings in Malibu Boats were worth $14,422,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its holdings in shares of Malibu Boats by 532.3% during the second quarter. GAMMA Investing LLC now owns 999 shares of the company’s stock worth $31,000 after buying an additional 841 shares during the last quarter. Strs Ohio bought a new position in Malibu Boats during the first quarter worth $123,000. Corton Capital Inc. acquired a new position in Malibu Boats during the 2nd quarter valued at $211,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Malibu Boats by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,590 shares of the company’s stock valued at $356,000 after purchasing an additional 491 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in Malibu Boats by 25.3% in the 1st quarter. AQR Capital Management LLC now owns 11,815 shares of the company’s stock valued at $362,000 after purchasing an additional 2,389 shares during the period. 91.35% of the stock is owned by institutional investors.

Malibu Boats Stock Up 0.7%

Shares of MBUU opened at $28.59 on Tuesday. The company has a quick ratio of 0.58, a current ratio of 1.63 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average price of $29.44 and a two-hundred day moving average price of $31.94. The stock has a market cap of $549.70 million, a price-to-earnings ratio of 37.13 and a beta of 1.21. Malibu Boats, Inc. has a 12 month low of $24.07 and a 12 month high of $45.02.

Malibu Boats (NASDAQ:MBUU) last issued its earnings results on Thursday, October 30th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. The business had revenue of $194.73 million during the quarter, compared to analysts’ expectations of $182.09 million. Malibu Boats had a return on equity of 4.93% and a net margin of 1.84%.Malibu Boats’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 EPS. Equities analysts predict that Malibu Boats, Inc. will post 1.69 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on MBUU shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Malibu Boats in a research report on Wednesday, November 26th. Zacks Research raised Malibu Boats from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. DA Davidson cut their price target on Malibu Boats from $33.00 to $31.00 and set a “neutral” rating for the company in a report on Monday, September 8th. Truist Financial raised their price objective on Malibu Boats from $30.00 to $37.00 and gave the stock a “hold” rating in a research report on Tuesday, October 28th. Finally, B. Riley lowered their price objective on Malibu Boats from $33.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 25th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $36.50.

Malibu Boats Profile

Malibu Boats, Inc designs, engineers, manufactures, markets, and sells a range of recreational powerboats. It operates through three segments: Malibu, Saltwater Fishing, and Cobalt. The company provides performance sport boats, and sterndrive and outboard boats under the Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes, and Cobalt brands.