Swiss National Bank Sells 4,900 Shares of Malibu Boats, Inc. (NASDAQ:MBUU)

Swiss National Bank decreased its holdings in shares of Malibu Boats, Inc. (NASDAQ:MBUU) by 10.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,500 shares of the company’s stock after selling 4,900 shares during the period. Swiss National Bank owned approximately 0.20% of Malibu Boats worth $2,220,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Cooke & Bieler LP raised its holdings in shares of Malibu Boats by 35.2% in the 4th quarter. Cooke & Bieler LP now owns 920,761 shares of the company’s stock worth $50,476,000 after purchasing an additional 239,707 shares during the period. Invesco Ltd. lifted its holdings in shares of Malibu Boats by 272.7% in the 3rd quarter. Invesco Ltd. now owns 127,109 shares of the company’s stock worth $6,231,000 after acquiring an additional 93,004 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its position in Malibu Boats by 29.3% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 318,826 shares of the company’s stock valued at $15,629,000 after buying an additional 72,330 shares during the period. Grantham Mayo Van Otterloo & Co. LLC grew its position in Malibu Boats by 57.8% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 196,943 shares of the company’s stock worth $9,654,000 after acquiring an additional 72,120 shares during the last quarter. Finally, Epoch Investment Partners Inc. boosted its stake in shares of Malibu Boats by 27.1% during the third quarter. Epoch Investment Partners Inc. now owns 267,168 shares of the company’s stock valued at $13,097,000 after purchasing an additional 56,968 shares during the period. Institutional investors and hedge funds own 91.35% of the company’s stock.

Malibu Boats Stock Performance

Shares of MBUU opened at $36.10 on Friday. The company has a quick ratio of 0.66, a current ratio of 1.67 and a debt-to-equity ratio of 0.03. Malibu Boats, Inc. has a 52 week low of $31.47 and a 52 week high of $62.36. The stock has a market cap of $737.88 million, a price-to-earnings ratio of -13.52 and a beta of 1.41. The business has a 50-day simple moving average of $37.55 and a two-hundred day simple moving average of $44.04.

Malibu Boats (NASDAQ:MBUU) last issued its earnings results on Thursday, May 2nd. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14. The firm had revenue of $203.42 million during the quarter, compared to analyst estimates of $205.83 million. Malibu Boats had a negative net margin of 5.19% and a positive return on equity of 18.01%. On average, analysts expect that Malibu Boats, Inc. will post 1.84 EPS for the current year.

Insider Transactions at Malibu Boats

In other news, Director Mark W. Lanigan acquired 20,000 shares of Malibu Boats stock in a transaction that occurred on Monday, May 6th. The shares were bought at an average cost of $33.43 per share, with a total value of $668,600.00. Following the transaction, the director now directly owns 73,368 shares of the company’s stock, valued at approximately $2,452,692.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.62% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Robert W. Baird dropped their target price on shares of Malibu Boats from $50.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, May 3rd. B. Riley lowered their price objective on Malibu Boats from $45.00 to $39.00 and set a “neutral” rating for the company in a research report on Tuesday, April 16th. Benchmark started coverage on shares of Malibu Boats in a research note on Wednesday. They set a “buy” rating and a $44.00 target price for the company. Truist Financial cut their target price on Malibu Boats from $52.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. Finally, KeyCorp reduced their price target on shares of Malibu Boats from $50.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, May 3rd. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Malibu Boats presently has a consensus rating of “Moderate Buy” and an average target price of $43.14.

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.