Malibu Boats (NASDAQ:MBUU) Stock Rating Lowered by BidaskClub
Several other equities research analysts have also recently commented on MBUU. B. Riley boosted their target price on Malibu Boats from $42.00 to $53.00 and gave the company a neutral rating in a research note on Monday, June 8th. ValuEngine upgraded Malibu Boats from a sell rating to a hold rating in a research note on Thursday, June 4th. TheStreet upgraded Malibu Boats from a c+ rating to a b- rating in a research note on Wednesday, May 20th. Zacks Investment Research upgraded Malibu Boats from a hold rating to a buy rating and set a $55.00 target price on the stock in a research note on Tuesday, June 16th. Finally, Raymond James boosted their price target on Malibu Boats from $53.00 to $56.00 and gave the stock an outperform rating in a research report on Tuesday, June 16th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $50.25.
NASDAQ:MBUU opened at $50.40 on Friday. Malibu Boats has a fifty-two week low of $18.02 and a fifty-two week high of $56.93. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.83 and a quick ratio of 1.83. The stock has a market capitalization of $1.03 billion, a PE ratio of 14.08 and a beta of 2.11. The business’s 50-day simple moving average is $48.44 and its 200-day simple moving average is $39.91.
In related news, Director Mark W. Lanigan sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $45.89, for a total transaction of $1,147,250.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Peter E. Murphy sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $50.67, for a total value of $152,010.00. The disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the stock. Captrust Financial Advisors acquired a new position in shares of Malibu Boats during the 4th quarter worth approximately $241,000. Knights of Columbus Asset Advisors LLC acquired a new position in shares of Malibu Boats during the 4th quarter worth approximately $3,591,000. Marshall Wace North America L.P. increased its holdings in shares of Malibu Boats by 258.1% during the 4th quarter. Marshall Wace North America L.P. now owns 167,010 shares of the company’s stock worth $6,840,000 after acquiring an additional 120,370 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Malibu Boats by 15.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 126,489 shares of the company’s stock worth $5,179,000 after acquiring an additional 16,529 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new stake in Malibu Boats in the 1st quarter valued at $1,521,000.
Malibu Boats Company Profile
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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