Atom Investors LP Boosts Stock Position in Malibu Boats, Inc. $MBUU

Atom Investors LP boosted its holdings in shares of Malibu Boats, Inc. (NASDAQ:MBUU) by 11.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 186,051 shares of the company’s stock after acquiring an additional 18,406 shares during the quarter. Atom Investors LP owned 1.00% of Malibu Boats worth $5,248,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Intesa Sanpaolo Wealth Management purchased a new position in Malibu Boats during the 4th quarter valued at $31,000. BNP Paribas Financial Markets boosted its holdings in Malibu Boats by 43.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,128 shares of the company’s stock valued at $67,000 after acquiring an additional 643 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Malibu Boats by 346.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,321 shares of the company’s stock valued at $73,000 after acquiring an additional 1,801 shares during the period. Strs Ohio purchased a new stake in shares of Malibu Boats in the 1st quarter worth $123,000. Finally, Central Pacific Bank Trust Division lifted its holdings in shares of Malibu Boats by 36.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 4,618 shares of the company’s stock worth $130,000 after buying an additional 1,223 shares during the period. Hedge funds and other institutional investors own 91.35% of the company’s stock.

Malibu Boats Trading Up 1.2%

Shares of NASDAQ MBUU opened at $28.03 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.31 and a quick ratio of 0.44. The stock has a market capitalization of $550.43 million, a P/E ratio of -467.17 and a beta of 1.14. Malibu Boats, Inc. has a 1-year low of $23.84 and a 1-year high of $39.65. The business has a fifty day moving average price of $26.60 and a 200 day moving average price of $28.45.

Malibu Boats (NASDAQ:MBUU) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.27. The firm had revenue of $235.70 million during the quarter, compared to analysts’ expectations of $203.46 million. Malibu Boats had a positive return on equity of 3.28% and a negative net margin of 0.11%.The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 EPS. Equities research analysts expect that Malibu Boats, Inc. will post 1.37 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on MBUU. Weiss Ratings cut Malibu Boats from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 11th. DA Davidson reiterated a “neutral” rating and issued a $30.00 target price on shares of Malibu Boats in a report on Monday. Zacks Research upgraded Malibu Boats from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 10th. Truist Financial lowered their target price on Malibu Boats from $34.00 to $31.00 and set a “hold” rating for the company in a report on Monday, April 27th. Finally, Griffin Securities set a $30.00 target price on Malibu Boats in a report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $31.00.

Malibu Boats Company 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.