Malibu Boats, Inc. (NASDAQ:MBUU) Shares Acquired by Cooke & Bieler LP

Cooke & Bieler LP grew its position in Malibu Boats, Inc. (NASDAQ:MBUUFree Report) by 35.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 920,761 shares of the company’s stock after acquiring an additional 239,707 shares during the quarter. Cooke & Bieler LP’s holdings in Malibu Boats were worth $50,476,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. IFP Advisors Inc acquired a new stake in shares of Malibu Boats in the third quarter valued at approximately $25,000. Quarry LP acquired a new stake in shares of Malibu Boats in the second quarter valued at approximately $25,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Malibu Boats by 44.7% in the third quarter. Public Employees Retirement System of Ohio now owns 560 shares of the company’s stock valued at $27,000 after acquiring an additional 173 shares during the period. Comerica Bank acquired a new stake in shares of Malibu Boats in the third quarter valued at approximately $27,000. Finally, Ensign Peak Advisors Inc acquired a new stake in shares of Malibu Boats in the third quarter valued at approximately $29,000. 91.35% of the stock is owned by institutional investors and hedge funds.

Malibu Boats Trading Up 0.9 %

NASDAQ:MBUU opened at $34.48 on Friday. The stock has a fifty day moving average price of $41.87 and a two-hundred day moving average price of $46.26. The stock has a market capitalization of $704.43 million, a price-to-earnings ratio of 11.05 and a beta of 1.37. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.69 and a current ratio of 1.82. Malibu Boats, Inc. has a 1 year low of $33.78 and a 1 year high of $62.36.

Malibu Boats (NASDAQ:MBUUGet Free Report) last released its quarterly earnings data on Tuesday, January 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.10. The firm had revenue of $211.07 million during the quarter, compared to analysts’ expectations of $219.64 million. Malibu Boats had a return on equity of 24.23% and a net margin of 5.32%. Malibu Boats’s revenue was down 37.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.78 earnings per share. As a group, sell-side analysts anticipate that Malibu Boats, Inc. will post 2.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MBUU has been the subject of several research analyst reports. StockNews.com raised Malibu Boats from a “sell” rating to a “hold” rating in a report on Monday, February 26th. Robert W. Baird restated an “outperform” rating and set a $54.00 price target on shares of Malibu Boats in a research note on Friday, January 19th. B. Riley cut their price target on Malibu Boats from $45.00 to $39.00 and set a “neutral” rating for the company in a research note on Tuesday, April 16th. Truist Financial cut their price target on Malibu Boats from $62.00 to $52.00 and set a “buy” rating for the company in a research note on Wednesday, January 31st. Finally, KeyCorp cut their price target on Malibu Boats from $58.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, January 31st. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Malibu Boats presently has a consensus rating of “Hold” and a consensus price target of $49.00.

Get Our Latest Analysis on Malibu Boats

Insiders Place Their Bets

In other Malibu Boats news, insider Michael K. Hooks acquired 12,500 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was purchased at an average price of $42.82 per share, for a total transaction of $535,250.00. Following the completion of the transaction, the insider now owns 12,500 shares of the company’s stock, valued at approximately $535,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.62% of the stock is currently owned by company insiders.

Malibu Boats Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Malibu Boats (NASDAQ:MBUU)

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