Shaker Investments LLC OH increased its stake in shares of Malibu Boats Inc (NASDAQ:MBUU) by 84.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,200 shares of the company’s stock after purchasing an additional 5,600 shares during the quarter. Shaker Investments LLC OH’s holdings in Malibu Boats were worth $483,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. TIAA CREF Investment Management LLC increased its position in Malibu Boats by 111.5% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 93,380 shares of the company’s stock valued at $5,110,000 after buying an additional 49,228 shares in the last quarter. Psagot Investment House Ltd. increased its position in Malibu Boats by 25.0% during the 4th quarter. Psagot Investment House Ltd. now owns 15,000 shares of the company’s stock valued at $522,000 after buying an additional 3,000 shares in the last quarter. Prudential Financial Inc. acquired a new position in Malibu Boats during the 4th quarter valued at about $2,316,000. Macquarie Group Ltd. increased its position in Malibu Boats by 5.6% during the 4th quarter. Macquarie Group Ltd. now owns 1,266,606 shares of the company’s stock valued at $44,077,000 after buying an additional 67,617 shares in the last quarter. Finally, Rhumbline Advisers increased its position in Malibu Boats by 53.1% during the 4th quarter. Rhumbline Advisers now owns 26,949 shares of the company’s stock valued at $938,000 after buying an additional 9,347 shares in the last quarter. Hedge funds and other institutional investors own 98.68% of the company’s stock.
Get Malibu Boats alerts: NASDAQ:MBUU traded up $0.26 during mid-day trading on Tuesday, hitting $42.05. 8,197 shares of the company’s stock traded hands, compared to its average volume of 190,347. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.54 and a quick ratio of 0.61. The firm has a market capitalization of $870.78 million, a P/E ratio of 16.79, a P/E/G ratio of 0.82 and a beta of 1.80. Malibu Boats Inc has a twelve month low of $32.09 and a twelve month high of $59.57.
Malibu Boats (NASDAQ:MBUU) last announced its quarterly earnings data on Thursday, May 9th. The company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.12. The business had revenue of $199.92 million for the quarter, compared to analyst estimates of $188.31 million. Malibu Boats had a return on equity of 47.54% and a net margin of 9.41%. The company’s revenue was up 42.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.89 earnings per share. On average, analysts expect that Malibu Boats Inc will post 3.41 EPS for the current year.
Several brokerages recently issued reports on MBUU. Zacks Investment Research raised Malibu Boats from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Tuesday, February 12th. BidaskClub raised Malibu Boats from a “hold” rating to a “buy” rating in a research report on Friday, February 22nd. Finally, B. Riley raised Malibu Boats from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 22nd. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Malibu Boats has an average rating of “Buy” and a consensus price target of $56.33.
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Malibu Boats Profile
Malibu Boats, Inc designs, manufactures, distributes, markets, and sells recreational powerboats. The company offers performance sport boats under the Malibu and Axis brand names; and sterndrives and outboard boats under the Cobalt brand name. Its boats are used for water sports, including water skiing, wakeboarding, and wake surfing, as well as general recreational boating.
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