Arrowstreet Capital Limited Partnership Invests $1.12 Million in Malibu Boats Inc (MBUU)

Arrowstreet Capital Limited Partnership acquired a new position in shares of Malibu Boats Inc (NASDAQ:MBUU) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 37,700 shares of the company’s stock, valued at approximately $1,121,000. Arrowstreet Capital Limited Partnership owned approximately 0.19% of Malibu Boats at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Malibu Boats by 10.7% in the second quarter. Vanguard Group Inc. now owns 893,667 shares of the company’s stock worth $23,120,000 after buying an additional 86,128 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Malibu Boats by 42.5% in the third quarter. American Century Companies Inc. now owns 664,496 shares of the company’s stock worth $21,025,000 after buying an additional 198,283 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Malibu Boats by 18.4% in the third quarter. Dimensional Fund Advisors LP now owns 572,820 shares of the company’s stock worth $18,124,000 after buying an additional 89,150 shares in the last quarter. Cooke & Bieler LP lifted its stake in shares of Malibu Boats by 53.8% in the fourth quarter. Cooke & Bieler LP now owns 562,750 shares of the company’s stock worth $16,731,000 after buying an additional 196,930 shares in the last quarter. Finally, Hood River Capital Management LLC lifted its stake in shares of Malibu Boats by 7.8% in the fourth quarter. Hood River Capital Management LLC now owns 450,828 shares of the company’s stock worth $13,403,000 after buying an additional 32,725 shares in the last quarter.

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Shares of NASDAQ MBUU traded down $0.75 during midday trading on Monday, reaching $32.46. The stock had a trading volume of 228,108 shares, compared to its average volume of 216,949. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.70 and a quick ratio of 0.92. The stock has a market cap of $681.13, a PE ratio of 21.36, a price-to-earnings-growth ratio of 1.01 and a beta of 1.02. Malibu Boats Inc has a 12-month low of $21.39 and a 12-month high of $36.81.

Malibu Boats (NASDAQ:MBUU) last announced its quarterly earnings data on Friday, February 9th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.04. The firm had revenue of $114.37 million during the quarter, compared to analysts’ expectations of $108.84 million. Malibu Boats had a net margin of 4.64% and a return on equity of 44.97%. The company’s revenue for the quarter was up 69.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.38 earnings per share. research analysts expect that Malibu Boats Inc will post 2.19 EPS for the current year.

In other news, VP Dan L. Gasper sold 15,000 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $34.15, for a total value of $512,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.50% of the company’s stock.

Several brokerages have recently issued reports on MBUU. BidaskClub downgraded shares of Malibu Boats from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 16th. Zacks Investment Research raised shares of Malibu Boats from a “hold” rating to a “strong-buy” rating and set a $39.00 price objective for the company in a report on Thursday, February 15th. BMO Capital Markets boosted their price objective on shares of Malibu Boats from $34.00 to $40.00 and gave the company a “top pick” rating in a report on Tuesday, February 13th. B. Riley boosted their price objective on shares of Malibu Boats from $29.50 to $32.25 and gave the company a “neutral” rating in a report on Monday, February 12th. Finally, SunTrust Banks reissued a “buy” rating and set a $37.00 price objective on shares of Malibu Boats in a report on Friday, February 9th. Two analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $35.28.

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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.

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

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