BidaskClub downgraded shares of Malibu Boats (NASDAQ:MBUU) from a buy rating to a hold rating in a research note published on Thursday, January 4th.
Several other analysts have also recently commented on the company. BMO Capital Markets boosted their price target on Malibu Boats from $32.00 to $34.00 and gave the stock an outperform rating in a research report on Monday, November 13th. SunTrust Banks reiterated a buy rating and set a $34.00 price target on shares of Malibu Boats in a research report on Friday, November 10th. KeyCorp reiterated a buy rating and set a $33.00 price target on shares of Malibu Boats in a research report on Friday, November 10th. Zacks Investment Research upgraded Malibu Boats from a hold rating to a strong-buy rating and set a $32.00 price target for the company in a research report on Saturday, November 11th. Finally, B. Riley reissued a neutral rating and set a $29.50 price objective (up previously from $25.50) on shares of Malibu Boats in a research note on Monday, November 6th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Malibu Boats presently has a consensus rating of Buy and an average price target of $32.31.
Shares of Malibu Boats (NASDAQ MBUU) opened at $29.76 on Thursday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.46 and a quick ratio of 0.71. Malibu Boats has a 12-month low of $17.17 and a 12-month high of $33.35. The company has a market capitalization of $593.50, a P/E ratio of 17.34, a PEG ratio of 1.00 and a beta of 1.00.
In other news, CEO Jackie D. Jr. Springer sold 40,000 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $27.76, for a total value of $1,110,400.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Deborah S. Kent sold 1,497 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $31.16, for a total value of $46,646.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 131,497 shares of company stock worth $3,964,297. Corporate insiders own 3.50% of the company’s stock.
Several hedge funds have recently bought and sold shares of MBUU. Hood River Capital Management LLC purchased a new stake in shares of Malibu Boats in the 2nd quarter valued at $10,572,000. American Century Companies Inc. raised its holdings in shares of Malibu Boats by 42.5% in the 3rd quarter. American Century Companies Inc. now owns 664,496 shares of the company’s stock valued at $21,025,000 after buying an additional 198,283 shares during the period. AJO LP purchased a new stake in shares of Malibu Boats in the 2nd quarter valued at $5,025,000. Thomson Horstmann & Bryant Inc. purchased a new stake in shares of Malibu Boats in the 4th quarter valued at $3,729,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Malibu Boats by 28.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 483,670 shares of the company’s stock valued at $12,513,000 after buying an additional 107,413 shares during the period.
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About Malibu Boats
Malibu Boats, Inc is a designer, manufacturer and marketer of performance sport boats. The Company’s segments include the U.S. and Australia. Each segment is engaged in the manufacturing, distribution, marketing and sale of performance sport boats. Its U.S. segment serves markets in North America, South America, Europe and Asia.
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