Schroder Investment Management Group Purchases New Stake in Malibu Boats, Inc. (NASDAQ:MBUU)

Schroder Investment Management Group acquired a new stake in shares of Malibu Boats, Inc. (NASDAQ:MBUU) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 186,615 shares of the company’s stock, valued at approximately $6,888,000. Schroder Investment Management Group owned about 0.95% of Malibu Boats at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in MBUU. Heck Capital Advisors LLC acquired a new stake in shares of Malibu Boats in the 4th quarter valued at about $38,000. Central Pacific Bank Trust Division increased its holdings in Malibu Boats by 11.3% in the fourth quarter. Central Pacific Bank Trust Division now owns 3,626 shares of the company’s stock valued at $136,000 after buying an additional 368 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Malibu Boats during the fourth quarter valued at approximately $150,000. Arrowstreet Capital Limited Partnership bought a new position in Malibu Boats during the 4th quarter worth approximately $235,000. Finally, Vestcor Inc grew its position in shares of Malibu Boats by 317.0% in the 4th quarter. Vestcor Inc now owns 6,410 shares of the company’s stock worth $241,000 after acquiring an additional 4,873 shares in the last quarter. 91.35% of the stock is owned by institutional investors and hedge funds.

Malibu Boats Trading Down 0.7 %

Shares of NASDAQ:MBUU opened at $28.51 on Friday. The company has a quick ratio of 0.45, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. The company’s 50-day moving average price is $33.71 and its 200 day moving average price is $37.89. The company has a market cap of $559.79 million, a PE ratio of -6.55 and a beta of 1.42. Malibu Boats, Inc. has a fifty-two week low of $25.93 and a fifty-two week high of $47.82.

Malibu Boats (NASDAQ:MBUU) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). Malibu Boats had a negative net margin of 12.09% and a positive return on equity of 1.04%. Sell-side analysts anticipate that Malibu Boats, Inc. will post 1.69 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. KeyCorp lowered Malibu Boats from an “overweight” rating to a “sector weight” rating in a research report on Thursday, March 20th. StockNews.com raised shares of Malibu Boats from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. B. Riley raised shares of Malibu Boats to a “hold” rating in a report on Wednesday, February 12th. Robert W. Baird reiterated a “neutral” rating and set a $32.00 price objective (down previously from $50.00) on shares of Malibu Boats in a research note on Friday. Finally, Benchmark reissued a “buy” rating and issued a $44.00 target price on shares of Malibu Boats in a report on Tuesday, February 4th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Malibu Boats currently has an average rating of “Hold” and a consensus target price of $39.83.

About Malibu Boats

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.