Villanova Investment Management Co LLC Purchases 25,734 Shares of Malibu Boats, Inc. $MBUU

Villanova Investment Management Co LLC raised its holdings in shares of Malibu Boats, Inc. (NASDAQ:MBUU) by 167.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 41,136 shares of the company’s stock after purchasing an additional 25,734 shares during the quarter. Villanova Investment Management Co LLC’s holdings in Malibu Boats were worth $1,289,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Creative Planning lifted its stake in shares of Malibu Boats by 5.0% during the 2nd quarter. Creative Planning now owns 9,471 shares of the company’s stock worth $297,000 after acquiring an additional 453 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Malibu Boats by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,590 shares of the company’s stock worth $356,000 after purchasing an additional 491 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Malibu Boats by 2.3% during the second quarter. Envestnet Asset Management Inc. now owns 22,111 shares of the company’s stock worth $693,000 after purchasing an additional 506 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Malibu Boats by 532.3% during the second quarter. GAMMA Investing LLC now owns 999 shares of the company’s stock worth $31,000 after purchasing an additional 841 shares during the last quarter. Finally, Vident Advisory LLC boosted its stake in shares of Malibu Boats by 16.5% during the first quarter. Vident Advisory LLC now owns 13,649 shares of the company’s stock valued at $419,000 after purchasing an additional 1,934 shares during the period. 91.35% of the stock is currently owned by hedge funds and other institutional investors.

Malibu Boats Trading Up 3.5%

NASDAQ:MBUU opened at $28.56 on Monday. Malibu Boats, Inc. has a one year low of $24.07 and a one year high of $45.02. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.68 and a current ratio of 1.63. The firm has a market cap of $549.21 million, a P/E ratio of 29.14 and a beta of 1.20. The firm has a 50-day simple moving average of $29.07 and a 200-day simple moving average of $31.84.

Malibu Boats (NASDAQ:MBUU) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. The firm had revenue of $194.73 million for the quarter, compared to the consensus estimate of $182.09 million. Malibu Boats had a net margin of 2.31% and a return on equity of 5.28%. The company’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period last year, the firm earned $0.08 earnings per share. Equities analysts anticipate that Malibu Boats, Inc. will post 1.69 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on MBUU. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Malibu Boats in a research note on Tuesday, December 2nd. Truist Financial upped their target price on shares of Malibu Boats from $30.00 to $37.00 and gave the stock a “hold” rating in a research note on Tuesday, October 28th. DA Davidson decreased their price target on shares of Malibu Boats from $33.00 to $31.00 and set a “neutral” rating for the company in a research note on Monday, September 8th. Zacks Research lowered Malibu Boats from a “hold” rating to a “strong sell” rating in a report on Friday, November 28th. Finally, B. Riley reduced their price objective on Malibu Boats from $33.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, November 25th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target 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.