Capital World Investors Has $17.08 Million Holdings in Malibu Boats, Inc. $MBUU

Capital World Investors trimmed its position in Malibu Boats, Inc. (NASDAQ:MBUU) by 36.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 605,273 shares of the company’s stock after selling 344,465 shares during the period. Capital World Investors’ holdings in Malibu Boats were worth $17,075,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Wilson Asset Management International PTY Ltd. acquired a new stake in shares of Malibu Boats in the 4th quarter valued at approximately $1,325,000. Lodge Hill Capital LLC raised its position in shares of Malibu Boats by 12.7% in the 3rd quarter. Lodge Hill Capital LLC now owns 885,014 shares of the company’s stock valued at $28,719,000 after acquiring an additional 100,000 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Malibu Boats in the 3rd quarter valued at approximately $1,041,000. Dean Capital Management raised its position in shares of Malibu Boats by 107.4% in the 3rd quarter. Dean Capital Management now owns 100,285 shares of the company’s stock valued at $3,254,000 after acquiring an additional 51,927 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH raised its position in shares of Malibu Boats by 31.6% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 665,373 shares of the company’s stock valued at $18,770,000 after acquiring an additional 159,748 shares during the period. 91.35% of the stock is currently owned by institutional investors and hedge funds.

Malibu Boats Price Performance

NASDAQ MBUU opened at $28.02 on Wednesday. The business has a 50 day simple moving average of $26.37 and a 200 day simple moving average of $28.44. Malibu Boats, Inc. has a 52-week low of $23.84 and a 52-week high of $39.65. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.44 and a current ratio of 1.31. The stock has a market cap of $550.31 million, a price-to-earnings ratio of -467.00 and a beta of 1.14.

Malibu Boats (NASDAQ:MBUU) last posted its earnings results on Thursday, May 7th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.27. Malibu Boats had a positive return on equity of 3.28% and a negative net margin of 0.11%.The business had revenue of $235.70 million during the quarter, compared to analysts’ expectations of $203.46 million. During the same period in the prior year, the business earned $0.72 EPS. Malibu Boats’s revenue for the quarter was up 3.1% compared to the same quarter last year. Analysts anticipate that Malibu Boats, Inc. will post 1.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Malibu Boats from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Griffin Securities set a $30.00 price target on shares of Malibu Boats in a research report on Tuesday, March 3rd. DA Davidson reiterated a “neutral” rating and issued a $30.00 price target on shares of Malibu Boats in a research report on Thursday, June 4th. Weiss Ratings downgraded shares of Malibu Boats from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, May 11th. Finally, Zacks Research cut Malibu Boats from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Malibu Boats currently has an average rating of “Hold” and a consensus target price of $31.00.

About Malibu Boats

Malibu Boats, Inc is a leading designer, manufacturer and distributor of performance sport boats for the recreational boating market. The company’s product portfolio includes the premium Malibu® brand and the value-oriented Axis® Wake Research line, as well as Cobalt® boats following its 2020 acquisition. Malibu’s vessels are engineered to serve water-sports enthusiasts, with models optimized for wakeboarding, wakesurfing and waterskiing.

Founded in 1982 by water-sports enthusiast Jack Springer, Malibu Boats is headquartered in Loudon, Tennessee.