Barclays PLC Sells 5,449 Shares of Malibu Boats, Inc. (NASDAQ:MBUU)

Barclays PLC reduced its holdings in shares of Malibu Boats, Inc. (NASDAQ:MBUU) by 11.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,470 shares of the company’s stock after selling 5,449 shares during the period. Barclays PLC owned approximately 0.21% of Malibu Boats worth $1,560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Schroder Investment Management Group acquired a new stake in Malibu Boats during the fourth quarter worth about $6,888,000. Wellington Management Group LLP grew its holdings in shares of Malibu Boats by 3.8% during the fourth quarter. Wellington Management Group LLP now owns 1,533,605 shares of the company’s stock worth $57,648,000 after buying an additional 56,629 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Malibu Boats by 6.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 121,711 shares of the company’s stock valued at $4,575,000 after acquiring an additional 7,186 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Malibu Boats by 10.6% during the 4th quarter. American Century Companies Inc. now owns 579,664 shares of the company’s stock worth $21,790,000 after purchasing an additional 55,767 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Malibu Boats by 370.5% in the fourth quarter. Bank of New York Mellon Corp now owns 440,829 shares of the company’s stock valued at $16,571,000 after purchasing an additional 347,144 shares during the last quarter. Hedge funds and other institutional investors own 91.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. DA Davidson raised Malibu Boats to a “hold” rating in a research note on Monday, April 14th. Benchmark reiterated a “buy” rating and issued a $44.00 target price on shares of Malibu Boats in a report on Tuesday, February 4th. Robert W. Baird reaffirmed a “neutral” rating and set a $32.00 price target (down previously from $50.00) on shares of Malibu Boats in a research report on Friday, April 4th. StockNews.com upgraded Malibu Boats from a “sell” rating to a “hold” rating in a research report on Tuesday, April 15th. Finally, B. Riley upgraded Malibu Boats to a “hold” rating in a research report on Wednesday, February 12th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Malibu Boats has a consensus rating of “Hold” and an average target price of $38.17.

Malibu Boats Price Performance

MBUU opened at $29.92 on Friday. The stock’s 50-day moving average price is $29.52 and its 200 day moving average price is $36.03. Malibu Boats, Inc. has a 12-month low of $24.43 and a 12-month high of $47.82. The firm has a market cap of $587.48 million, a price-to-earnings ratio of -6.88 and a beta of 1.23. The company has a current ratio of 1.52, a quick ratio of 0.45 and a debt-to-equity ratio of 0.04.

Malibu Boats (NASDAQ:MBUU) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). Malibu Boats had a negative net margin of 12.09% and a positive return on equity of 1.04%. As a group, sell-side analysts expect that Malibu Boats, Inc. will post 1.69 earnings per share for the current year.

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.