46,976 Shares in Malibu Boats, Inc. $MBUU Purchased by Wilson Asset Management International PTY Ltd.

Wilson Asset Management International PTY Ltd. purchased a new position in shares of Malibu Boats, Inc. (NASDAQ:MBUU) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 46,976 shares of the company’s stock, valued at approximately $1,325,000.

Several other hedge funds have also recently modified their holdings of MBUU. BNP Paribas Financial Markets raised its position in shares of Malibu Boats by 43.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,128 shares of the company’s stock worth $67,000 after purchasing an additional 643 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Malibu Boats by 346.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,321 shares of the company’s stock worth $73,000 after purchasing an additional 1,801 shares during the last quarter. Strs Ohio acquired a new position in shares of Malibu Boats during the 1st quarter worth about $123,000. Central Pacific Bank Trust Division raised its holdings in Malibu Boats by 36.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 4,618 shares of the company’s stock valued at $130,000 after acquiring an additional 1,223 shares during the last quarter. Finally, Millennium Management LLC acquired a new stake in Malibu Boats in the 3rd quarter valued at about $211,000. Institutional investors and hedge funds own 91.35% of the company’s stock.

Malibu Boats Stock Up 4.5%

MBUU stock opened at $25.05 on Wednesday. The company has a market cap of $465.86 million, a price-to-earnings ratio of 34.31 and a beta of 1.13. The company has a current ratio of 1.56, a quick ratio of 0.49 and a debt-to-equity ratio of 0.04. Malibu Boats, Inc. has a 12 month low of $23.84 and a 12 month high of $39.65. The firm has a 50-day moving average of $26.24 and a two-hundred day moving average of $28.69.

Malibu Boats (NASDAQ:MBUU) last released its quarterly earnings data on Thursday, February 5th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. Malibu Boats had a net margin of 1.76% and a return on equity of 4.25%. The company had revenue of $188.62 million during the quarter, compared to the consensus estimate of $181.96 million. During the same quarter in the prior year, the firm earned $0.31 EPS. Malibu Boats’s quarterly revenue was down 5.8% on a year-over-year basis. As a group, analysts forecast that Malibu Boats, Inc. will post 1.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MBUU has been the subject of a number of recent research reports. Griffin Securities set a $30.00 price objective on shares of Malibu Boats in a report on Tuesday, March 3rd. Zacks Research upgraded shares of Malibu Boats from a “hold” rating to a “strong-buy” rating in a report on Monday, April 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Malibu Boats in a report on Friday, March 27th. Truist Financial cut their price objective on shares of Malibu Boats from $34.00 to $31.00 and set a “hold” rating for the company in a report on Monday, April 27th. Finally, Wall Street Zen downgraded shares of Malibu Boats from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $31.20.

Malibu Boats Profile

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.