Malibu Boats, Inc. (NASDAQ:MBUU) Shares Acquired by De Lisle Partners LLP

De Lisle Partners LLP increased its holdings in Malibu Boats, Inc. (NASDAQ:MBUU) by 6.0% during the third quarter, HoldingsChannel.com reports. The fund owned 106,369 shares of the company’s stock after buying an additional 6,000 shares during the period. De Lisle Partners LLP’s holdings in Malibu Boats were worth $4,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of MBUU. Studio Investment Management LLC grew its position in Malibu Boats by 264.4% during the 2nd quarter. Studio Investment Management LLC now owns 707 shares of the company’s stock worth $25,000 after purchasing an additional 513 shares during the last quarter. nVerses Capital LLC acquired a new position in Malibu Boats in the 3rd quarter valued at about $74,000. SG Americas Securities LLC acquired a new position in Malibu Boats in the 2nd quarter valued at about $139,000. Benjamin Edwards Inc. raised its stake in Malibu Boats by 43.1% during the 2nd quarter. Benjamin Edwards Inc. now owns 5,112 shares of the company’s stock valued at $179,000 after acquiring an additional 1,539 shares during the last quarter. Finally, US Bancorp DE lifted its position in Malibu Boats by 851.7% during the 3rd quarter. US Bancorp DE now owns 5,434 shares of the company’s stock worth $211,000 after acquiring an additional 4,863 shares during the period. Hedge funds and other institutional investors own 91.35% of the company’s stock.

Malibu Boats Trading Up 3.5 %

Shares of MBUU opened at $43.64 on Thursday. Malibu Boats, Inc. has a twelve month low of $30.20 and a twelve month high of $56.03. The company has a current ratio of 1.55, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $860.58 million, a P/E ratio of -10.96 and a beta of 1.36. The firm’s 50-day moving average is $41.32 and its two-hundred day moving average is $37.73.

Malibu Boats (NASDAQ:MBUU) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.16. The business had revenue of $171.60 million for the quarter, compared to analysts’ expectations of $165.33 million. Malibu Boats had a positive return on equity of 2.39% and a negative net margin of 10.90%. The company’s revenue was down 32.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.07 EPS. On average, research analysts predict that Malibu Boats, Inc. will post 2.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MBUU has been the subject of several analyst reports. DA Davidson cut Malibu Boats from a “buy” rating to a “neutral” rating and set a $45.00 price target for the company. in a research note on Friday, November 1st. StockNews.com upgraded shares of Malibu Boats to a “sell” rating in a research report on Saturday, November 2nd. Robert W. Baird lifted their target price on shares of Malibu Boats from $40.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Truist Financial boosted their price target on shares of Malibu Boats from $32.00 to $42.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Finally, KeyCorp raised their price objective on shares of Malibu Boats from $38.00 to $50.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, Malibu Boats has a consensus rating of “Hold” and an average target price of $44.57.

Malibu Boats Company 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.