Cooke & Bieler LP Purchases 7,910 Shares of Malibu Boats, Inc. $MBUU

Cooke & Bieler LP grew its position in Malibu Boats, Inc. (NASDAQ:MBUU) by 0.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 1,373,913 shares of the company’s stock after acquiring an additional 7,910 shares during the period. Cooke & Bieler LP owned 7.16% of Malibu Boats worth $43,058,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Malibu Boats by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,590 shares of the company’s stock valued at $356,000 after acquiring an additional 491 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Malibu Boats by 2.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 22,111 shares of the company’s stock valued at $693,000 after acquiring an additional 506 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Malibu Boats by 532.3% in the 2nd quarter. GAMMA Investing LLC now owns 999 shares of the company’s stock valued at $31,000 after acquiring an additional 841 shares during the last quarter. Vident Advisory LLC lifted its stake in shares of Malibu Boats by 16.5% in the 1st quarter. Vident Advisory LLC now owns 13,649 shares of the company’s stock valued at $419,000 after acquiring an additional 1,934 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Malibu Boats by 25.3% in the 1st quarter. AQR Capital Management LLC now owns 11,815 shares of the company’s stock valued at $362,000 after acquiring an additional 2,389 shares during the last quarter. 91.35% of the stock is currently owned by institutional investors.

Malibu Boats Stock Performance

MBUU stock opened at $27.87 on Friday. The stock has a 50-day moving average price of $32.43 and a 200-day moving average price of $32.27. Malibu Boats, Inc. has a 1-year low of $24.42 and a 1-year high of $47.82. The company has a current ratio of 1.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.03. The firm has a market cap of $536.36 million, a PE ratio of 36.20 and a beta of 1.20.

Malibu Boats (NASDAQ:MBUU) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.03. Malibu Boats had a return on equity of 4.93% and a net margin of 1.84%.The firm had revenue of $194.73 million during the quarter, compared to analyst estimates of $182.09 million. During the same period last year, the company posted $0.08 EPS. The business’s quarterly revenue was up 15.0% on a year-over-year basis. As a group, equities research analysts expect that Malibu Boats, Inc. will post 1.69 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on MBUU shares. Zacks Research cut Malibu Boats from a “hold” rating to a “strong sell” rating in a research note on Thursday, September 4th. DA Davidson dropped their price target on Malibu Boats from $33.00 to $31.00 and set a “neutral” rating for the company in a research note on Monday, September 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Malibu Boats in a research report on Friday. Truist Financial raised their target price on Malibu Boats from $30.00 to $37.00 and gave the stock a “hold” rating in a research report on Tuesday. Finally, B. Riley reaffirmed a “neutral” rating and set a $30.00 target price (down from $33.00) on shares of Malibu Boats in a research report on Friday. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Malibu Boats currently has an average rating of “Reduce” and an average target price of $36.50.

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.