American Century Companies Inc. Has $17.59 Million Stock Position in Malibu Boats, Inc. $MBUU

American Century Companies Inc. reduced its position in shares of Malibu Boats, Inc. (NASDAQ:MBUU) by 3.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 561,277 shares of the company’s stock after selling 19,353 shares during the quarter. American Century Companies Inc.’s holdings in Malibu Boats were worth $17,590,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of MBUU. Creative Planning grew its position in shares of Malibu Boats by 5.0% during the 2nd quarter. Creative Planning now owns 9,471 shares of the company’s stock worth $297,000 after buying an additional 453 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Malibu Boats by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,590 shares of the company’s stock valued at $356,000 after buying an additional 491 shares during the period. Envestnet Asset Management Inc. boosted its stake in Malibu Boats by 2.3% in the second quarter. Envestnet Asset Management Inc. now owns 22,111 shares of the company’s stock valued at $693,000 after acquiring an additional 506 shares during the last quarter. GAMMA Investing LLC grew its holdings in Malibu Boats by 532.3% during the 2nd quarter. GAMMA Investing LLC now owns 999 shares of the company’s stock worth $31,000 after acquiring an additional 841 shares during the period. Finally, Vident Advisory LLC raised its position in shares of Malibu Boats by 16.5% during the 1st quarter. Vident Advisory LLC now owns 13,649 shares of the company’s stock valued at $419,000 after acquiring an additional 1,934 shares during the last quarter. Institutional investors own 91.35% of the company’s stock.

Malibu Boats Stock Down 1.2%

NASDAQ:MBUU opened at $28.25 on Wednesday. The stock has a 50-day simple moving average of $29.36 and a 200 day simple moving average of $31.91. Malibu Boats, Inc. has a 52-week low of $24.07 and a 52-week high of $45.02. The company has a market cap of $543.16 million, a PE ratio of 36.69 and a beta of 1.21. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.58 and a current ratio of 1.63.

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

Wall Street Analysts Forecast Growth

MBUU has been the topic of several recent research reports. DA Davidson reduced their price target on Malibu Boats from $33.00 to $31.00 and set a “neutral” rating on the stock in a research report on Monday, September 8th. B. Riley cut their target price on Malibu Boats from $33.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 25th. Weiss Ratings restated a “sell (d)” rating on shares of Malibu Boats in a research report on Wednesday, November 26th. Zacks Research cut Malibu Boats from a “hold” rating to a “strong sell” rating in a research note on Friday, November 28th. Finally, Truist Financial boosted their price objective on shares of Malibu Boats from $30.00 to $37.00 and gave the company a “hold” rating in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and an average price target of $36.50.

About Malibu Boats

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.