Malibu Boats (MBUU) Upgraded by BidaskClub to “Strong-Buy”
BidaskClub upgraded shares of Malibu Boats (NASDAQ:MBUU) from a buy rating to a strong-buy rating in a research report sent to investors on Thursday.
MBUU has been the topic of a number of other research reports. SunTrust Banks reissued a buy rating and issued a $37.00 target price on shares of Malibu Boats in a research report on Friday, February 9th. Zacks Investment Research raised Malibu Boats from a hold rating to a buy rating and set a $33.00 price target on the stock in a research report on Tuesday, January 16th. Wells Fargo & Co reaffirmed an outperform rating and set a $36.00 price target (up previously from $30.00) on shares of Malibu Boats in a research report on Wednesday, November 8th. BMO Capital Markets boosted their price target on Malibu Boats from $32.00 to $34.00 and gave the stock an outperform rating in a research report on Monday, November 13th. Finally, B. Riley boosted their price target on Malibu Boats from $29.50 to $32.25 and gave the stock a neutral rating in a research report on Monday, February 12th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the company. The company has an average rating of Buy and an average target price of $35.28.
Shares of Malibu Boats (NASDAQ MBUU) traded up $0.29 during trading on Thursday, reaching $34.93. The company had a trading volume of 153,712 shares, compared to its average volume of 246,075. Malibu Boats has a 1-year low of $20.52 and a 1-year high of $36.81. The firm has a market cap of $716.41, a price-to-earnings ratio of 19.30, a PEG ratio of 1.06 and a beta of 1.07. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.92 and a current ratio of 1.70.
In other Malibu Boats news, CEO Jackie D. Jr. Springer sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $31.20, for a total transaction of $1,248,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Dan L. Gasper sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $34.15, for a total value of $512,250.00. The disclosure for this sale can be found here. 3.50% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of MBUU. Alliancebernstein L.P. bought a new position in shares of Malibu Boats during the 2nd quarter worth approximately $269,000. Northern Trust Corp boosted its stake in shares of Malibu Boats by 3.0% during the 2nd quarter. Northern Trust Corp now owns 262,097 shares of the company’s stock worth $6,781,000 after acquiring an additional 7,735 shares during the period. Vanguard Group Inc. boosted its stake in shares of Malibu Boats by 10.7% during the 2nd quarter. Vanguard Group Inc. now owns 893,667 shares of the company’s stock worth $23,120,000 after acquiring an additional 86,128 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Malibu Boats by 28.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 483,670 shares of the company’s stock worth $12,513,000 after acquiring an additional 107,413 shares during the period. Finally, Voya Investment Management LLC boosted its stake in shares of Malibu Boats by 14.9% during the 2nd quarter. Voya Investment Management LLC now owns 10,529 shares of the company’s stock worth $272,000 after acquiring an additional 1,366 shares during the period. Institutional investors own 98.27% of the company’s stock.
WARNING: “Malibu Boats (MBUU) Upgraded by BidaskClub to “Strong-Buy”” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark law. The correct version of this article can be read at https://www.thecerbatgem.com/2018/03/11/malibu-boats-mbuu-upgraded-by-bidaskclub-to-strong-buy.html.
Malibu Boats Company Profile
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.
Receive News & Ratings for Malibu Boats Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Malibu Boats and related companies with MarketBeat.com's FREE daily email newsletter.