Malibu Boats, Inc. (MBUU) CEO Sells $1,248,000.00 in Stock
Malibu Boats, Inc. (NASDAQ:MBUU) CEO Jackie D. Jr. Springer sold 40,000 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $31.20, for a total transaction of $1,248,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Jackie D. Jr. Springer also recently made the following trade(s):
- On Friday, November 10th, Jackie D. Jr. Springer sold 40,000 shares of Malibu Boats stock. The stock was sold at an average price of $27.76, for a total transaction of $1,110,400.00.
Shares of Malibu Boats, Inc. (NASDAQ:MBUU) opened at $28.64 on Friday. Malibu Boats, Inc. has a 12 month low of $17.17 and a 12 month high of $33.35. The company has a quick ratio of 0.71, a current ratio of 1.46 and a debt-to-equity ratio of 0.94. The firm has a market cap of $584.74, a PE ratio of 17.08, a price-to-earnings-growth ratio of 0.99 and a beta of 1.00.
MBUU has been the subject of a number of research reports. B. Riley cut shares of Malibu Boats to a “neutral” rating and set a $25.25 target price for the company. in a research note on Monday, August 28th. KeyCorp restated an “overweight” rating and set a $31.00 target price on shares of Malibu Boats in a research note on Wednesday, August 30th. Zacks Investment Research cut shares of Malibu Boats from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. ValuEngine upgraded shares of Malibu Boats from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 6th. Finally, SunTrust Banks restated a “buy” rating and set a $32.00 target price (up previously from $30.00) on shares of Malibu Boats in a research note on Friday, September 8th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Malibu Boats currently has a consensus rating of “Buy” and an average price target of $32.31.
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Malibu Boats Company Profile
Malibu Boats, Inc is a designer, manufacturer and marketer of performance sport boats. The Company’s segments include the U.S. and Australia. Each segment is engaged in the manufacturing, distribution, marketing and sale of performance sport boats. Its U.S. segment serves markets in North America, South America, Europe and Asia.
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