Envestnet Asset Management Inc. Has $689,000 Stake in Malibu Boats Inc (NASDAQ:MBUU)

Share on StockTwits

Envestnet Asset Management Inc. trimmed its position in shares of Malibu Boats Inc (NASDAQ:MBUU) by 16.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,269 shares of the company’s stock after selling 2,580 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.06% of Malibu Boats worth $689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Lord Abbett & CO. LLC lifted its holdings in shares of Malibu Boats by 28.5% during the 1st quarter. Lord Abbett & CO. LLC now owns 2,044,801 shares of the company’s stock valued at $58,869,000 after buying an additional 453,036 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Malibu Boats by 1.7% during the 4th quarter. Macquarie Group Ltd. now owns 1,241,737 shares of the company’s stock valued at $50,849,000 after buying an additional 20,354 shares during the last quarter. Waddell & Reed Financial Inc. lifted its holdings in shares of Malibu Boats by 33.2% during the 1st quarter. Waddell & Reed Financial Inc. now owns 839,833 shares of the company’s stock valued at $24,179,000 after buying an additional 209,099 shares during the last quarter. TimesSquare Capital Management LLC lifted its holdings in Malibu Boats by 13.8% in the 1st quarter. TimesSquare Capital Management LLC now owns 630,045 shares of the company’s stock worth $18,139,000 after purchasing an additional 76,545 shares during the last quarter. Finally, FDx Advisors Inc. acquired a new stake in Malibu Boats in the 1st quarter worth approximately $758,000.

In other news, Director Mark W. Lanigan sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $45.89, for a total value of $1,147,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Peter E. Murphy sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $50.67, for a total value of $152,010.00. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Several equities research analysts recently weighed in on MBUU shares. B. Riley boosted their target price on Malibu Boats from $53.00 to $56.00 in a report on Monday, July 13th. KeyCorp boosted their target price on Malibu Boats from $48.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. ValuEngine lowered Malibu Boats from a “hold” rating to a “sell” rating in a report on Friday, July 3rd. SunTrust Banks upped their price target on Malibu Boats from $45.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Finally, Wells Fargo & Co restated a “buy” rating on shares of Malibu Boats in a research report on Sunday, June 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $52.67.

Shares of MBUU opened at $58.78 on Friday. The company has a quick ratio of 1.83, a current ratio of 2.83 and a debt-to-equity ratio of 0.76. Malibu Boats Inc has a 12-month low of $18.02 and a 12-month high of $63.88. The firm has a market capitalization of $1.21 billion, a PE ratio of 15.76 and a beta of 2.12. The stock’s fifty day simple moving average is $52.85 and its 200-day simple moving average is $42.06.

Malibu Boats (NASDAQ:MBUU) last issued its quarterly earnings results on Thursday, May 7th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.15. Malibu Boats had a return on equity of 36.85% and a net margin of 10.25%. The business had revenue of $182.31 million for the quarter, compared to analyst estimates of $185.10 million. During the same quarter in the prior year, the firm posted $1.15 earnings per share. The firm’s revenue for the quarter was down 8.8% compared to the same quarter last year. Analysts anticipate that Malibu Boats Inc will post 2.88 EPS for the current year.

Malibu Boats Profile

Malibu Boats, Inc designs, manufactures, distributes, markets, and sells recreational powerboats. The company offers performance sport boats under the Malibu and Axis brand names; and sterndrives and outboard boats under the Cobalt brand name. Its boats are used for water sports, including water skiing, wakeboarding, and wake surfing, as well as general recreational boating.

Further Reading: Derivative

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

Receive News & Ratings for Malibu Boats Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Malibu Boats and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Cambridge Investment Research Advisors Inc. Purchases 13,393 Shares of Fifth Third Bancorp
Cambridge Investment Research Advisors Inc. Purchases 13,393 Shares of Fifth Third Bancorp
Pinterest  PT Raised to $31.00 at Credit Suisse Group
Pinterest PT Raised to $31.00 at Credit Suisse Group
Fifth Third Bancorp  Shares Sold by Strs Ohio
Fifth Third Bancorp Shares Sold by Strs Ohio
Cambridge Investment Research Advisors Inc. Purchases 14,372 Shares of XPO Logistics Inc
Cambridge Investment Research Advisors Inc. Purchases 14,372 Shares of XPO Logistics Inc
Sumitomo Mitsui Trust Holdings Inc. Lowers Stock Position in Main Street Capital Co.
Sumitomo Mitsui Trust Holdings Inc. Lowers Stock Position in Main Street Capital Co.
Microsoft Co.  is Palisade Asset Management LLC’s Largest Position
Microsoft Co. is Palisade Asset Management LLC’s Largest Position


© 2006-2020 Ticker Report