Malibu Boats, Inc. (NASDAQ:MBUU) Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC raised its stake in Malibu Boats, Inc. (NASDAQ:MBUU) by 31.6% during the 4th quarter, HoldingsChannel reports. The firm owned 314,079 shares of the company’s stock after acquiring an additional 75,503 shares during the period. Janus Henderson Group PLC’s holdings in Malibu Boats were worth $11,807,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of MBUU. Heck Capital Advisors LLC purchased a new position in shares of Malibu Boats in the 4th quarter valued at approximately $38,000. Quarry LP purchased a new position in shares of Malibu Boats in the 4th quarter valued at approximately $45,000. KLP Kapitalforvaltning AS purchased a new position in shares of Malibu Boats in the 4th quarter valued at approximately $150,000. Tower Research Capital LLC TRC boosted its stake in shares of Malibu Boats by 518.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,966 shares of the company’s stock valued at $224,000 after buying an additional 5,001 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Malibu Boats in the fourth quarter valued at approximately $235,000. 91.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MBUU. Benchmark restated a “buy” rating and issued a $44.00 price target on shares of Malibu Boats in a research note on Tuesday, February 4th. Robert W. Baird restated a “neutral” rating and issued a $32.00 price target (down from $50.00) on shares of Malibu Boats in a research note on Friday, April 4th. KeyCorp downgraded Malibu Boats from an “overweight” rating to a “sector weight” rating in a research note on Thursday, March 20th. Baird R W downgraded Malibu Boats from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Finally, StockNews.com upgraded Malibu Boats from a “sell” rating to a “hold” rating in a research report on Tuesday, April 15th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $38.17.

Malibu Boats Stock Down 0.1%

MBUU opened at $32.21 on Friday. The business’s fifty day moving average is $29.25 and its two-hundred day moving average is $35.36. 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 market cap of $632.44 million, a price-to-earnings ratio of -7.40 and a beta of 1.23. Malibu Boats, Inc. has a one year low of $24.43 and a one year high of $47.82.

Malibu Boats (NASDAQ:MBUU) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.06. Malibu Boats had a positive return on equity of 1.04% and a negative net margin of 12.09%. The company had revenue of $228.66 million during the quarter, compared to analysts’ expectations of $226.44 million. During the same period in the previous year, the firm posted $0.63 earnings per share. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. Analysts anticipate that Malibu Boats, Inc. will post 1.69 EPS for the current fiscal year.

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.