Malibu Boats, Inc. $MBUU Shares Sold by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC trimmed its stake in shares of Malibu Boats, Inc. (NASDAQ:MBUU) by 16.1% during the second quarter, HoldingsChannel reports. The fund owned 705,735 shares of the company’s stock after selling 135,228 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Malibu Boats were worth $22,118,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC lifted its holdings in Malibu Boats by 532.3% during the 2nd quarter. GAMMA Investing LLC now owns 999 shares of the company’s stock worth $31,000 after buying an additional 841 shares during the last quarter. Strs Ohio bought a new position in Malibu Boats during the first quarter worth $123,000. Corton Capital Inc. bought a new position in Malibu Boats during the second quarter worth $211,000. XTX Topco Ltd acquired a new position in Malibu Boats in the second quarter worth $213,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Malibu Boats during the second quarter valued at $227,000. Institutional investors own 91.35% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on MBUU shares. Zacks Research raised shares of Malibu Boats from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. Truist Financial raised their target price on shares of Malibu Boats from $30.00 to $37.00 and gave the stock a “hold” rating in a report on Tuesday, October 28th. DA Davidson lowered their target price on Malibu Boats from $33.00 to $31.00 and set a “neutral” rating for the company in a report on Monday, September 8th. B. Riley dropped their price target on Malibu Boats from $33.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Malibu Boats in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $36.50.

Malibu Boats Price Performance

NASDAQ:MBUU opened at $28.39 on Friday. The company has a quick ratio of 0.58, a current ratio of 1.63 and a debt-to-equity ratio of 0.03. The business’s 50-day moving average price is $29.51 and its 200 day moving average price is $31.97. Malibu Boats, Inc. has a 52-week low of $24.07 and a 52-week high of $45.02. The firm has a market cap of $545.85 million, a P/E ratio of 36.87 and a beta of 1.21.

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

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.