BidaskClub lowered shares of Malibu Boats (NASDAQ:MBUU) from a buy rating to a hold rating in a research report report published on Thursday.

A number of other analysts have also recently weighed in on the stock. BMO Capital Markets upped their target price on shares of Malibu Boats from $32.00 to $34.00 and gave the company an outperform rating in a research note on Monday, November 13th. SunTrust Banks reissued a buy rating and issued a $34.00 target price on shares of Malibu Boats in a research note on Friday, November 10th. KeyCorp reissued a buy rating and issued a $33.00 target price on shares of Malibu Boats in a research note on Friday, November 10th. Zacks Investment Research raised shares of Malibu Boats from a hold rating to a strong-buy rating and set a $32.00 target price on the stock in a research note on Saturday, November 11th. Finally, B. Riley reissued a neutral rating and issued a $29.50 target price (up previously from $25.50) on shares of Malibu Boats in a research note on Monday, November 6th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Buy and an average target price of $32.31.

Malibu Boats (NASDAQ:MBUU) traded up $0.40 during midday trading on Thursday, reaching $28.92. 136,681 shares of the company were exchanged, compared to its average volume of 190,750. The company has a market capitalization of $589.22, a PE ratio of 17.21, a P/E/G ratio of 0.99 and a beta of 1.00. Malibu Boats has a twelve month low of $17.17 and a twelve month high of $33.35. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.71 and a current ratio of 1.46.

In other Malibu Boats news, VP Deborah S. Kent sold 1,497 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $31.16, for a total transaction of $46,646.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jackie D. Jr. Springer sold 40,000 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $27.76, for a total transaction of $1,110,400.00. The disclosure for this sale can be found here. Insiders have sold 131,497 shares of company stock worth $3,964,297 over the last ninety days. Insiders own 3.50% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Prudential Financial Inc. grew its stake in Malibu Boats by 3.1% during the second quarter. Prudential Financial Inc. now owns 169,440 shares of the company’s stock worth $4,383,000 after buying an additional 5,140 shares during the last quarter. Alliancebernstein L.P. bought a new stake in Malibu Boats during the second quarter worth about $269,000. GSA Capital Partners LLP grew its stake in Malibu Boats by 5.1% during the third quarter. GSA Capital Partners LLP now owns 94,678 shares of the company’s stock worth $2,996,000 after buying an additional 4,574 shares during the last quarter. AJO LP bought a new stake in Malibu Boats during the second quarter worth about $5,025,000. Finally, State Street Corp grew its stake in Malibu Boats by 2.6% during the second quarter. State Street Corp now owns 402,640 shares of the company’s stock worth $10,412,000 after buying an additional 10,308 shares during the last quarter.

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About Malibu Boats

Malibu Boats, Inc is a designer, manufacturer and marketer of performance sport boats. The Company’s segments include the U.S. and Australia. Each segment is engaged in the manufacturing, distribution, marketing and sale of performance sport boats. Its U.S. segment serves markets in North America, South America, Europe and Asia.

Analyst Recommendations for Malibu Boats (NASDAQ:MBUU)

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