Zurcher Kantonalbank Zurich Cantonalbank Has $344,000 Stock Holdings in Malibu Boats, Inc. (NASDAQ:MBUU)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Malibu Boats, Inc. (NASDAQ:MBUU) by 58.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,272 shares of the company’s stock after purchasing an additional 2,306 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Malibu Boats were worth $344,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in Malibu Boats in the 4th quarter valued at $48,000. Hsbc Holdings PLC acquired a new position in shares of Malibu Boats during the third quarter valued at about $203,000. Howe & Rusling Inc. increased its position in shares of Malibu Boats by 14.7% during the third quarter. Howe & Rusling Inc. now owns 4,427 shares of the company’s stock worth $217,000 after acquiring an additional 569 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Malibu Boats by 24.5% during the third quarter. Principal Financial Group Inc. now owns 4,604 shares of the company’s stock worth $226,000 after acquiring an additional 906 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in shares of Malibu Boats in the 3rd quarter worth about $230,000. Institutional investors own 91.35% of the company’s stock.

Malibu Boats Price Performance

Shares of NASDAQ:MBUU opened at $32.64 on Friday. The company has a market capitalization of $666.84 million, a P/E ratio of -12.22 and a beta of 1.41. The company’s 50-day moving average is $39.44 and its 200 day moving average is $45.15. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.69 and a current ratio of 1.82. Malibu Boats, Inc. has a fifty-two week low of $31.47 and a fifty-two week high of $62.36.

Analyst Upgrades and Downgrades

MBUU has been the subject of a number of recent research reports. StockNews.com raised Malibu Boats from a “sell” rating to a “hold” rating in a report on Monday, February 26th. B. Riley lowered their price target on Malibu Boats from $45.00 to $39.00 and set a “neutral” rating for the company in a research report on Tuesday, April 16th. Robert W. Baird cut their price objective on shares of Malibu Boats from $50.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday. KeyCorp lowered their target price on shares of Malibu Boats from $50.00 to $38.00 and set an “overweight” rating for the company in a report on Friday. Finally, Truist Financial cut their price target on shares of Malibu Boats from $52.00 to $42.00 and set a “buy” rating on the stock in a report on Friday. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $43.00.

Insider Activity

In other news, insider Michael K. Hooks acquired 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was bought at an average price of $42.82 per share, with a total value of $535,250.00. Following the acquisition, the insider now owns 12,500 shares in the company, valued at approximately $535,250. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.62% of the company’s stock.

Malibu Boats Profile

Malibu Boats, Inc designs, engineers, manufactures, markets, and sells a range of recreational powerboats. It operates through three segments: Malibu, Saltwater Fishing, and Cobalt. The company provides performance sport boats, and sterndrive and outboard boats under the Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes, and Cobalt brands.