Public Employees Retirement System of Ohio raised its position in Malibu Boats Inc (NASDAQ:MBUU) by 0.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 100,566 shares of the company’s stock after buying an additional 820 shares during the period. Public Employees Retirement System of Ohio owned about 0.49% of Malibu Boats worth $3,085,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the stock. Virginia Retirement Systems ET AL purchased a new stake in shares of Malibu Boats in the second quarter valued at approximately $726,000. Los Angeles Capital Management & Equity Research Inc. grew its stake in Malibu Boats by 68.0% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 61,150 shares of the company’s stock valued at $2,376,000 after acquiring an additional 24,760 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Malibu Boats in the 2nd quarter valued at $68,000. Aperio Group LLC purchased a new stake in Malibu Boats in the 2nd quarter worth $36,000. Finally, Advisor Group Inc. increased its holdings in Malibu Boats by 111.1% in the 2nd quarter. Advisor Group Inc. now owns 859 shares of the company’s stock worth $33,000 after acquiring an additional 452 shares in the last quarter. Hedge funds and other institutional investors own 96.82% of the company’s stock.
Shares of MBUU stock traded down $0.40 during trading on Friday, hitting $40.84. 86,252 shares of the stock traded hands, compared to its average volume of 129,554. The firm has a market capitalization of $843.98 million, a P/E ratio of 10.85, a price-to-earnings-growth ratio of 1.07 and a beta of 1.87. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.61 and a quick ratio of 0.72. Malibu Boats Inc has a 52-week low of $24.79 and a 52-week high of $47.95. The firm’s fifty day moving average price is $39.04 and its 200-day moving average price is $33.91.
Malibu Boats (NASDAQ:MBUU) last posted its earnings results on Thursday, November 7th. The company reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.13. The company had revenue of $172.10 million for the quarter, compared to analysts’ expectations of $149.98 million. Malibu Boats had a net margin of 9.64% and a return on equity of 42.48%. Malibu Boats’s revenue for the quarter was up 39.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.67 earnings per share. As a group, equities research analysts expect that Malibu Boats Inc will post 3.84 earnings per share for the current year.
Several research firms have issued reports on MBUU. ValuEngine raised shares of Malibu Boats from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Zacks Investment Research upgraded Malibu Boats from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Wednesday, November 13th. B. Riley reissued a “buy” rating and set a $52.00 target price on shares of Malibu Boats in a report on Friday, November 15th. Finally, BidaskClub upgraded Malibu Boats from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $47.17.
Malibu Boats Company 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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