Virginia Retirement Systems ET AL bought a new stake in Malibu Boats Inc (NASDAQ:MBUU) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,700 shares of the company’s stock, valued at approximately $726,000. Virginia Retirement Systems ET AL owned 0.09% of Malibu Boats as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in MBUU. Geode Capital Management LLC boosted its position in shares of Malibu Boats by 8.4% in the fourth quarter. Geode Capital Management LLC now owns 230,523 shares of the company’s stock worth $8,022,000 after buying an additional 17,786 shares during the period. Bank of America Corp DE increased its holdings in shares of Malibu Boats by 9.7% during the fourth quarter. Bank of America Corp DE now owns 149,722 shares of the company’s stock worth $5,210,000 after purchasing an additional 13,191 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Malibu Boats by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 820,097 shares of the company’s stock worth $28,540,000 after purchasing an additional 18,378 shares during the period. Deutsche Bank AG increased its stake in Malibu Boats by 88.7% in the fourth quarter. Deutsche Bank AG now owns 108,846 shares of the company’s stock valued at $3,786,000 after acquiring an additional 51,162 shares during the last quarter. Finally, Brinker Capital Inc. bought a new position in Malibu Boats in the first quarter valued at approximately $222,000.

NASDAQ MBUU opened at $26.18 on Wednesday. The business has a 50-day moving average of $33.85. The company has a current ratio of 1.61, a quick ratio of 0.72 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $566.74 million, a PE ratio of 10.39, a PEG ratio of 0.70 and a beta of 1.80. Malibu Boats Inc has a 12 month low of $26.00 and a 12 month high of $59.57.

MBUU has been the topic of a number of recent analyst reports. B. Riley set a $62.00 price objective on shares of Malibu Boats and gave the company a “buy” rating in a research note on Friday, July 19th. BidaskClub cut shares of Malibu Boats from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 24th. KeyCorp decreased their price objective on shares of Malibu Boats from $53.00 to $48.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Raymond James cut shares of Malibu Boats from a “strong-buy” rating to a “market perform” rating in a research note on Monday, July 22nd. Finally, ValuEngine cut shares of Malibu Boats from a “sell” rating to a “strong sell” rating in a research note on Monday, July 22nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $53.29.

About Malibu Boats

Malibu Boats, Inc designs, manufactures, distributes, markets, and sells recreational powerboats. The company offers performance sport boats under the Malibu and Axis brand names; and sterndrives and outboard boats under the Cobalt brand name. Its boats are used for water sports, including water skiing, wakeboarding, and wake surfing, as well as general recreational boating.

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

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