Dimensional Fund Advisors LP Has $25.07 Million Holdings in Malibu Boats, Inc. $MBUU

Dimensional Fund Advisors LP raised its position in shares of Malibu Boats, Inc. (NASDAQ:MBUU) by 5.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 967,068 shares of the company’s stock after purchasing an additional 52,635 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.05% of Malibu Boats worth $25,067,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MBUU. Intesa Sanpaolo Wealth Management acquired a new position in shares of Malibu Boats in the 4th quarter worth approximately $31,000. BNP Paribas Financial Markets increased its position in shares of Malibu Boats by 43.3% during the second quarter. BNP Paribas Financial Markets now owns 2,128 shares of the company’s stock worth $67,000 after buying an additional 643 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Malibu Boats by 346.3% during the second quarter. Tower Research Capital LLC TRC now owns 2,321 shares of the company’s stock worth $73,000 after buying an additional 1,801 shares during the period. Russell Investments Group Ltd. raised its stake in Malibu Boats by 108.5% during the fourth quarter. Russell Investments Group Ltd. now owns 3,301 shares of the company’s stock worth $93,000 after buying an additional 1,718 shares during the last quarter. Finally, Strs Ohio bought a new position in Malibu Boats during the first quarter worth $123,000. Institutional investors own 91.35% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MBUU shares. Wall Street Zen upgraded shares of Malibu Boats from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. DA Davidson reissued a “neutral” rating and issued a $30.00 price objective on shares of Malibu Boats in a research report on Monday, June 15th. Truist Financial lifted their price objective on Malibu Boats from $31.00 to $34.00 and gave the stock a “hold” rating in a research report on Monday, July 6th. Zacks Research downgraded Malibu Boats from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 9th. Finally, Weiss Ratings lowered Malibu Boats from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Malibu Boats has a consensus rating of “Hold” and an average target price of $31.60.

Malibu Boats Stock Performance

MBUU opened at $29.28 on Thursday. The company has a current ratio of 1.31, a quick ratio of 0.44 and a debt-to-equity ratio of 0.32. The company’s fifty day moving average price is $27.38 and its two-hundred day moving average price is $27.86. Malibu Boats, Inc. has a 1-year low of $23.84 and a 1-year high of $39.65. The company has a market cap of $575.06 million, a price-to-earnings ratio of -488.00 and a beta of 1.13.

Malibu Boats (NASDAQ:MBUU) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.27. The firm had revenue of $235.70 million for the quarter, compared to analyst estimates of $203.46 million. Malibu Boats had a negative net margin of 0.11% and a positive return on equity of 3.28%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the firm earned $0.72 earnings per share. On average, analysts expect that Malibu Boats, Inc. will post 1.34 EPS for the current fiscal year.

Malibu Boats Company 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.