Malibu Boats (NASDAQ:MBUU) Upgraded by StockNews.com to “Hold” Rating

StockNews.com upgraded shares of Malibu Boats (NASDAQ:MBUU) from a sell rating to a hold rating in a report issued on Friday.

Several other equities analysts also recently commented on MBUU. Benchmark reissued a “buy” rating and issued a $44.00 price objective on shares of Malibu Boats in a research note on Tuesday, February 4th. Truist Financial upped their price target on shares of Malibu Boats from $34.00 to $38.00 and gave the company a “hold” rating in a research report on Friday, January 31st. B. Riley upgraded shares of Malibu Boats to a “hold” rating in a research report on Wednesday. DA Davidson cut shares of 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, Robert W. Baird upped their price target 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. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $42.83.

Malibu Boats Trading Up 3.2 %

Shares of NASDAQ:MBUU opened at $37.37 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.52 and a quick ratio of 0.45. The firm has a 50 day simple moving average of $37.74 and a 200 day simple moving average of $38.78. Malibu Boats has a one year low of $30.20 and a one year high of $48.92.

Malibu Boats (NASDAQ:MBUU) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). Malibu Boats had a negative net margin of 12.09% and a positive return on equity of 1.04%. As a group, research analysts anticipate that Malibu Boats will post 1.76 EPS for the current fiscal year.

Institutional Investors Weigh In On Malibu Boats

Large investors have recently modified their holdings of the company. Heck Capital Advisors LLC acquired a new stake in shares of Malibu Boats during the fourth quarter worth $38,000. Studio Investment Management LLC increased its position in shares of Malibu Boats by 53.7% during the third quarter. Studio Investment Management LLC now owns 1,087 shares of the company’s stock worth $42,000 after buying an additional 380 shares during the period. Quarry LP acquired a new stake in shares of Malibu Boats during the fourth quarter worth $45,000. nVerses Capital LLC acquired a new stake in shares of Malibu Boats during the third quarter worth $74,000. Finally, Central Pacific Bank Trust Division increased its position in shares of Malibu Boats by 11.3% during the fourth quarter. Central Pacific Bank Trust Division now owns 3,626 shares of the company’s stock worth $136,000 after buying an additional 368 shares during the period. 91.35% of the stock is currently owned by institutional investors and hedge funds.

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.