Virginia Retirement Systems ET AL Buys New Shares in Malibu Boats Inc (NASDAQ:MBUU)
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.
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.
Featured Article: Operating Income
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.