Malibu Boats, Inc. (NASDAQ:MBUU) Shares Sold by CenterBook Partners LP

CenterBook Partners LP decreased its stake in shares of Malibu Boats, Inc. (NASDAQ:MBUUFree Report) by 34.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,382 shares of the company’s stock after selling 18,058 shares during the period. CenterBook Partners LP’s holdings in Malibu Boats were worth $1,885,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new position in shares of Malibu Boats during the 4th quarter valued at about $48,000. Benjamin Edwards Inc. boosted its position in shares of Malibu Boats by 13.8% during the 4th quarter. Benjamin Edwards Inc. now owns 2,618 shares of the company’s stock valued at $144,000 after purchasing an additional 318 shares in the last quarter. Hsbc Holdings PLC bought a new position in shares of Malibu Boats during the 3rd quarter valued at about $203,000. Howe & Rusling Inc. boosted its position in shares of Malibu Boats by 14.7% during the 3rd quarter. Howe & Rusling Inc. now owns 4,427 shares of the company’s stock valued at $217,000 after purchasing an additional 569 shares in the last quarter. Finally, Andina Capital Management LLC bought a new position in shares of Malibu Boats during the 4th quarter valued at about $225,000. Institutional investors own 91.35% of the company’s stock.

Insider Activity at Malibu Boats

In other Malibu Boats news, Director Mark W. Lanigan acquired 20,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were purchased at an average price of $33.43 per share, with a total value of $668,600.00. Following the completion of the transaction, the director now owns 73,368 shares in the company, valued at $2,452,692.24. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.62% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on MBUU. Raymond James cut shares of Malibu Boats from an “outperform” rating to a “market perform” rating in a report on Monday, April 15th. Truist Financial decreased their target price on shares of Malibu Boats from $52.00 to $42.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Robert W. Baird decreased their target price on shares of Malibu Boats from $50.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, May 3rd. StockNews.com cut shares of Malibu Boats from a “hold” rating to a “sell” rating in a report on Thursday, May 30th. Finally, KeyCorp decreased their target price on shares of Malibu Boats from $50.00 to $38.00 and set an “overweight” rating for the company in a report on Friday, May 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $43.14.

Read Our Latest Stock Analysis on MBUU

Malibu Boats Stock Down 0.8 %

Shares of NASDAQ MBUU traded down $0.29 during mid-day trading on Friday, reaching $36.69. The company had a trading volume of 133,624 shares, compared to its average volume of 253,891. The stock has a fifty day moving average of $36.74 and a two-hundred day moving average of $43.47. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.66 and a current ratio of 1.67. The company has a market capitalization of $749.94 million, a price-to-earnings ratio of -13.74 and a beta of 1.41. Malibu Boats, Inc. has a 12-month low of $31.47 and a 12-month high of $62.36.

Malibu Boats (NASDAQ:MBUUGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14. The business had revenue of $203.42 million during the quarter, compared to analyst estimates of $205.83 million. Malibu Boats had a negative net margin of 5.19% and a positive return on equity of 18.01%. As a group, equities research analysts expect that Malibu Boats, Inc. will post 1.84 EPS for the current year.

About Malibu Boats

(Free Report)

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.

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Institutional Ownership by Quarter for Malibu Boats (NASDAQ:MBUU)

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