Legato Capital Management LLC Decreases Holdings in Malibu Boats, Inc. (NASDAQ:MBUU)

Legato Capital Management LLC decreased its stake in Malibu Boats, Inc. (NASDAQ:MBUU) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,402 shares of the company’s stock after selling 369 shares during the quarter. Legato Capital Management LLC owned approximately 0.16% of Malibu Boats worth $1,180,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its holdings in Malibu Boats by 6.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 121,711 shares of the company’s stock worth $4,575,000 after buying an additional 7,186 shares during the last quarter. Heck Capital Advisors LLC purchased a new position in shares of Malibu Boats in the fourth quarter valued at approximately $38,000. Exchange Traded Concepts LLC boosted its stake in shares of Malibu Boats by 4.1% in the fourth quarter. Exchange Traded Concepts LLC now owns 7,977 shares of the company’s stock worth $300,000 after acquiring an additional 311 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Malibu Boats by 52.6% during the fourth quarter. SG Americas Securities LLC now owns 7,951 shares of the company’s stock worth $299,000 after purchasing an additional 2,739 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in Malibu Boats by 15.8% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 394,288 shares of the company’s stock valued at $14,821,000 after purchasing an additional 53,907 shares during the last quarter. Hedge funds and other institutional investors own 91.35% of the company’s stock.

Malibu Boats Stock Performance

Shares of NASDAQ MBUU opened at $36.48 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.45 and a current ratio of 1.52. The company has a 50 day simple moving average of $38.00 and a 200-day simple moving average of $38.81. Malibu Boats, Inc. has a 1 year low of $30.20 and a 1 year high of $48.92.

Malibu Boats (NASDAQ:MBUU) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). Malibu Boats had a positive return on equity of 1.04% and a negative net margin of 12.09%. On average, analysts anticipate that Malibu Boats, Inc. will post 1.76 EPS for the current year.

Analyst Upgrades and Downgrades

MBUU has been the topic of several recent research reports. KeyCorp lowered their target price on shares of Malibu Boats from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Truist Financial upped their price objective on shares of Malibu Boats from $34.00 to $38.00 and gave the company a “hold” rating in a research note on Friday, January 31st. Robert W. Baird raised their target price on shares of Malibu Boats from $40.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. DA Davidson lowered Malibu Boats from a “buy” rating to a “neutral” rating and set a $45.00 price target for the company. in a research report on Friday, November 1st. Finally, StockNews.com raised Malibu Boats to a “sell” rating in a report on Saturday, November 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Malibu Boats presently has a consensus rating of “Hold” and a consensus price target of $42.83.

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.