Dynamic Technology Lab Private Ltd raised its holdings in Malibu Boats, Inc. (NASDAQ:MBUU) by 183.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,058 shares of the company’s stock after purchasing an additional 16,875 shares during the quarter. Dynamic Technology Lab Private Ltd owned 0.15% of Malibu Boats worth $674,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Alps Advisors Inc. raised its position in Malibu Boats by 0.3% in the second quarter. Alps Advisors Inc. now owns 22,747 shares of the company’s stock valued at $588,000 after purchasing an additional 58 shares during the period. Rhumbline Advisers raised its position in Malibu Boats by 0.8% in the second quarter. Rhumbline Advisers now owns 19,767 shares of the company’s stock valued at $511,000 after purchasing an additional 160 shares during the period. American International Group Inc. raised its position in Malibu Boats by 7.1% in the first quarter. American International Group Inc. now owns 11,115 shares of the company’s stock valued at $250,000 after purchasing an additional 733 shares during the period. Voya Investment Management LLC raised its position in Malibu Boats by 14.9% in the second quarter. Voya Investment Management LLC now owns 10,529 shares of the company’s stock valued at $272,000 after purchasing an additional 1,366 shares during the period. Finally, Mackenzie Financial Corp raised its position in Malibu Boats by 17.0% in the first quarter. Mackenzie Financial Corp now owns 17,000 shares of the company’s stock valued at $382,000 after purchasing an additional 2,465 shares during the period. Institutional investors own 90.19% of the company’s stock.

In other news, Director Peter E. Murphy bought 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were acquired at an average cost of $25.50 per share, with a total value of $76,500.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.50% of the company’s stock.

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Shares of Malibu Boats, Inc. (MBUU) opened at 31.48 on Thursday. Malibu Boats, Inc. has a 12-month low of $14.12 and a 12-month high of $33.35. The stock has a market cap of $638.63 million, a P/E ratio of 19.92 and a beta of 1.04. The company has a 50 day moving average price of $29.71 and a 200 day moving average price of $26.22.

Malibu Boats (NASDAQ:MBUU) last issued its earnings results on Thursday, September 7th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.01. The business had revenue of $75.11 million for the quarter, compared to analyst estimates of $73.35 million. Malibu Boats had a return on equity of 78.71% and a net margin of 10.06%. The business’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period last year, the company posted $0.38 EPS. Analysts anticipate that Malibu Boats, Inc. will post $1.88 earnings per share for the current fiscal year.

A number of equities research analysts have commented on MBUU shares. BMO Capital Markets restated a “hold” rating and issued a $29.00 target price on shares of Malibu Boats in a research report on Wednesday, July 5th. Zacks Investment Research downgraded Malibu Boats from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. BidaskClub downgraded Malibu Boats from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th. B. Riley downgraded Malibu Boats to a “neutral” rating and set a $25.25 target price on the stock. in a research report on Monday, August 28th. Finally, KeyCorp restated an “overweight” rating and issued a $31.00 target price on shares of Malibu Boats in a research report on Wednesday, August 30th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $30.07.

About Malibu Boats

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

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