California Public Employees Retirement System grew its stake in shares of Malibu Boats, Inc. (NASDAQ:MBUU) by 25.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 84,317 shares of the company’s stock after purchasing an additional 16,917 shares during the quarter. California Public Employees Retirement System’s holdings in Malibu Boats were worth $2,668,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Malibu Boats in the second quarter worth about $116,000. Susquehanna International Group LLP acquired a new position in shares of Malibu Boats in the second quarter worth about $200,000. Stevens Capital Management LP acquired a new position in shares of Malibu Boats in the second quarter worth about $201,000. Laurion Capital Management LP acquired a new position in shares of Malibu Boats in the second quarter worth about $211,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Malibu Boats in the second quarter worth about $211,000.
Shares of Malibu Boats, Inc. (NASDAQ MBUU) opened at $29.08 on Wednesday. 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 capitalization of $592.48, a PE ratio of 17.41, a P/E/G ratio of 1.01 and a beta of 1.00. Malibu Boats, Inc. has a fifty-two week low of $17.17 and a fifty-two week high of $33.35.
Malibu Boats (NASDAQ:MBUU) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.09. Malibu Boats had a return on equity of 54.78% and a net margin of 9.42%. equities analysts anticipate that Malibu Boats, Inc. will post 1.96 EPS for the current year.
Several research analysts recently commented on the company. ValuEngine cut Malibu Boats from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. BMO Capital Markets reiterated a “buy” rating and issued a $32.00 price target on shares of Malibu Boats in a research note on Friday, October 13th. Aegis assumed coverage on Malibu Boats in a research note on Monday, October 2nd. They issued a “buy” rating and a $37.00 price target on the stock. KeyCorp reiterated a “buy” rating and issued a $31.00 price target on shares of Malibu Boats in a research note on Friday, October 20th. Finally, BidaskClub upgraded Malibu Boats from a “hold” rating to a “buy” rating in a research note on Friday, December 29th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Malibu Boats has an average rating of “Buy” and a consensus price target of $32.44.
In related news, VP Deborah S. Kent sold 1,497 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $31.16, for a total value of $46,646.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jackie D. Jr. Springer sold 40,000 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $27.76, for a total value of $1,110,400.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 131,497 shares of company stock valued at $3,964,297. 3.50% of the stock is owned by corporate insiders.
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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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