Malibu Boats, Inc. (NASDAQ:MBUU) Stock Holdings Lifted by Stifel Financial Corp

Stifel Financial Corp lifted its holdings in shares of Malibu Boats, Inc. (NASDAQ:MBUU) by 23.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,370 shares of the company’s stock after buying an additional 3,472 shares during the period. Stifel Financial Corp’s holdings in Malibu Boats were worth $713,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Empowered Funds LLC grew its holdings in shares of Malibu Boats by 38.8% during the third quarter. Empowered Funds LLC now owns 66,606 shares of the company’s stock valued at $2,585,000 after purchasing an additional 18,636 shares during the last quarter. Pzena Investment Management LLC acquired a new stake in Malibu Boats in the second quarter worth $51,800,000. Allspring Global Investments Holdings LLC lifted its stake in Malibu Boats by 37.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 114,525 shares of the company’s stock valued at $4,445,000 after buying an additional 31,026 shares during the last quarter. Atom Investors LP boosted its holdings in shares of Malibu Boats by 219.0% during the third quarter. Atom Investors LP now owns 55,357 shares of the company’s stock valued at $2,148,000 after acquiring an additional 38,002 shares during the period. Finally, Verition Fund Management LLC bought a new position in shares of Malibu Boats during the third quarter worth about $878,000. Institutional investors own 91.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on MBUU shares. Robert W. Baird lifted their price objective on shares of Malibu Boats from $40.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Benchmark reiterated a “buy” rating and set a $44.00 price objective on shares of Malibu Boats in a research report on Friday, November 1st. KeyCorp lifted their target price on Malibu Boats from $38.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. DA Davidson lowered Malibu Boats from a “buy” rating to a “neutral” rating and set a $45.00 price target for the company. in a research report on Friday, November 1st. Finally, StockNews.com raised Malibu Boats to a “sell” rating in a report on Saturday, November 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $44.57.

Malibu Boats Trading Down 0.3 %

Shares of Malibu Boats stock opened at $36.82 on Thursday. The business has a fifty day simple moving average of $42.12 and a 200-day simple moving average of $38.45. Malibu Boats, Inc. has a fifty-two week low of $30.20 and a fifty-two week high of $56.03. The firm has a market cap of $725.91 million, a price-to-earnings ratio of -9.25 and a beta of 1.30. The company has a quick ratio of 0.52, a current ratio of 1.55 and a debt-to-equity ratio of 0.05.

Malibu Boats (NASDAQ:MBUU) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.16. Malibu Boats had a negative net margin of 10.90% and a positive return on equity of 2.39%. The company had revenue of $171.60 million during the quarter, compared to analyst estimates of $165.33 million. During the same quarter last year, the firm posted $1.07 EPS. The business’s revenue for the quarter was down 32.9% on a year-over-year basis. On average, equities analysts forecast that Malibu Boats, Inc. will post 2.01 EPS for the current fiscal year.

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.