Cooke & Bieler LP Boosts Stock Holdings in Malibu Boats, Inc. $MBUU

Cooke & Bieler LP lifted its holdings in shares of Malibu Boats, Inc. (NASDAQ:MBUU) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,567,404 shares of the company’s stock after buying an additional 23,313 shares during the quarter. Cooke & Bieler LP owned about 0.08% of Malibu Boats worth $44,216,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fort Washington Investment Advisors Inc. OH raised its holdings in Malibu Boats by 31.6% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 665,373 shares of the company’s stock valued at $18,770,000 after acquiring an additional 159,748 shares during the period. Lodge Hill Capital LLC grew its position in shares of Malibu Boats by 12.7% in the third quarter. Lodge Hill Capital LLC now owns 885,014 shares of the company’s stock valued at $28,719,000 after purchasing an additional 100,000 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Malibu Boats by 31.5% during the 2nd quarter. Bank of America Corp DE now owns 361,357 shares of the company’s stock valued at $11,325,000 after purchasing an additional 86,526 shares during the period. Ameriprise Financial Inc. boosted its stake in Malibu Boats by 37.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 310,388 shares of the company’s stock worth $10,072,000 after purchasing an additional 84,146 shares during the period. Finally, Wellington Management Group LLP grew its holdings in Malibu Boats by 5.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,328,549 shares of the company’s stock valued at $43,111,000 after buying an additional 67,682 shares in the last quarter. 91.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MBUU has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Malibu Boats from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Griffin Securities set a $30.00 price objective on shares of Malibu Boats in a research note on Tuesday, March 3rd. Truist Financial lowered their target price on shares of Malibu Boats from $34.00 to $31.00 and set a “hold” rating on the stock in a research note on Monday, April 27th. Zacks Research downgraded shares of Malibu Boats from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. Finally, Weiss Ratings lowered shares of Malibu Boats from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $31.20.

Malibu Boats Stock Performance

NASDAQ MBUU opened at $27.57 on Tuesday. Malibu Boats, Inc. has a 52-week low of $23.84 and a 52-week high of $39.65. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.44 and a current ratio of 1.31. The company has a market capitalization of $541.47 million, a P/E ratio of -459.50 and a beta of 1.13. The company has a fifty day moving average of $26.04 and a 200-day moving average of $28.30.

Malibu Boats (NASDAQ:MBUU) last released its earnings results on Thursday, May 7th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.27. Malibu Boats had a positive return on equity of 3.28% and a negative net margin of 0.11%.The business had revenue of $235.70 million for the quarter, compared to analysts’ expectations of $203.46 million. During the same quarter in the prior year, the firm earned $0.72 earnings per share. The firm’s revenue was up 3.1% on a year-over-year basis. As a group, equities research analysts predict that Malibu Boats, Inc. will post 1.08 EPS for the current fiscal year.

Malibu Boats Profile

Malibu Boats, Inc is a leading designer, manufacturer and distributor of performance sport boats for the recreational boating market. The company’s product portfolio includes the premium Malibu® brand and the value-oriented Axis® Wake Research line, as well as Cobalt® boats following its 2020 acquisition. Malibu’s vessels are engineered to serve water-sports enthusiasts, with models optimized for wakeboarding, wakesurfing and waterskiing.

Founded in 1982 by water-sports enthusiast Jack Springer, Malibu Boats is headquartered in Loudon, Tennessee.