Malibu Boats, Inc. (NASDAQ:MBUU) Shares Bought by Swiss National Bank

Swiss National Bank lifted its position in Malibu Boats, Inc. (NASDAQ:MBUU – Get Rating) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,500 shares of the company’s stock after acquiring an additional 900 shares during the quarter. Swiss National Bank’s holdings in Malibu Boats were worth $2,638,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MBUU. Prudential Financial Inc. increased its stake in Malibu Boats by 31.2% during the third quarter. Prudential Financial Inc. now owns 26,420 shares of the company’s stock valued at $1,268,000 after purchasing an additional 6,289 shares during the last quarter. Homestead Advisers Corp raised its stake in Malibu Boats by 0.5% during the third quarter. Homestead Advisers Corp now owns 78,208 shares of the company’s stock worth $3,753,000 after acquiring an additional 394 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Malibu Boats by 2.7% in the third quarter. Dimensional Fund Advisors LP now owns 724,848 shares of the company’s stock worth $34,789,000 after acquiring an additional 19,325 shares during the last quarter. Edgemoor Investment Advisors Inc. boosted its stake in Malibu Boats by 2.1% in the third quarter. Edgemoor Investment Advisors Inc. now owns 76,923 shares of the company’s stock valued at $3,692,000 after acquiring an additional 1,579 shares during the period. Finally, Teacher Retirement System of Texas bought a new position in shares of Malibu Boats during the third quarter valued at approximately $1,197,000. 93.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MBUU shares. DA Davidson raised their price target on Malibu Boats from $60.00 to $64.00 in a report on Friday, May 5th. KeyCorp initiated coverage on shares of Malibu Boats in a research report on Wednesday, April 19th. They set an “overweight” rating and a $65.00 price target for the company. StockNews.com began coverage on shares of Malibu Boats in a research report on Thursday, May 18th. They issued a “buy” rating on the stock. Raymond James decreased their target price on shares of Malibu Boats from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, February 8th. Finally, BMO Capital Markets raised their price target on shares of Malibu Boats from $76.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, February 8th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $70.43.

Malibu Boats Stock Performance

Shares of MBUU opened at $53.92 on Wednesday. The company has a 50-day moving average of $55.15 and a two-hundred day moving average of $56.98. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 6.55 and a beta of 1.61. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.09 and a quick ratio of 0.83. Malibu Boats, Inc. has a one year low of $46.30 and a one year high of $70.87.

Malibu Boats Company Profile

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Malibu Boats, Inc is a holding company, which engages in the design, manufacture, and marketing of recreational powerboats. It offers performance sport boats, sterndrive, and outboard boats under the Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes and Cobalt brands. The firm operates through the following segments: Malibu, Saltwater Fishing and Cobalt.