Malibu Boats, Inc. (NASDAQ:MBUU) Shares Purchased by Northern Trust Corp

Northern Trust Corp boosted its stake in Malibu Boats, Inc. (NASDAQ:MBUU) by 7.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 196,253 shares of the company’s stock after acquiring an additional 13,113 shares during the period. Northern Trust Corp owned 1.00% of Malibu Boats worth $7,377,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in shares of Malibu Boats by 3.8% in the 4th quarter. Wellington Management Group LLP now owns 1,533,605 shares of the company’s stock worth $57,648,000 after acquiring an additional 56,629 shares during the period. Cooke & Bieler LP boosted its position in Malibu Boats by 1.0% during the 4th quarter. Cooke & Bieler LP now owns 1,343,660 shares of the company’s stock worth $50,508,000 after purchasing an additional 13,767 shares during the period. Grantham Mayo Van Otterloo & Co. LLC lifted its position in Malibu Boats by 1.0% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 719,717 shares of the company’s stock worth $27,054,000 after acquiring an additional 6,865 shares in the last quarter. American Century Companies Inc. grew its holdings in Malibu Boats by 10.6% during the 4th quarter. American Century Companies Inc. now owns 579,664 shares of the company’s stock valued at $21,790,000 after purchasing an additional 55,767 shares in the last quarter. Finally, Lodge Hill Capital LLC lifted its stake in shares of Malibu Boats by 74.6% in the fourth quarter. Lodge Hill Capital LLC now owns 530,514 shares of the company’s stock worth $19,942,000 after acquiring an additional 226,650 shares in the last quarter. 91.35% of the stock is owned by institutional investors and hedge funds.

Malibu Boats Stock Performance

Shares of MBUU opened at $31.91 on Tuesday. The firm has a market cap of $612.38 million, a price-to-earnings ratio of -7.34 and a beta of 1.23. The company’s fifty day moving average is $29.27 and its 200-day moving average is $35.16. The company has a quick ratio of 0.45, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. Malibu Boats, Inc. has a 12 month low of $24.43 and a 12 month high of $47.82.

Malibu Boats (NASDAQ:MBUU) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.06. The business had revenue of $228.66 million for the quarter, compared to analyst estimates of $226.44 million. Malibu Boats had a positive return on equity of 1.04% and a negative net margin of 12.09%. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.63 EPS. Equities analysts expect that Malibu Boats, Inc. will post 1.69 EPS for the current fiscal year.

Analyst Ratings Changes

MBUU has been the topic of several research analyst reports. KeyCorp cut Malibu Boats from an “overweight” rating to a “sector weight” rating in a research note on Thursday, March 20th. Benchmark reaffirmed a “buy” rating and set a $44.00 price target on shares of Malibu Boats in a research note on Tuesday, February 4th. B. Riley upgraded shares of Malibu Boats to a “hold” rating in a research report on Wednesday, February 12th. Robert W. Baird restated a “neutral” rating and set a $32.00 price target (down previously from $50.00) on shares of Malibu Boats in a report on Friday, April 4th. Finally, Baird R W lowered shares of Malibu Boats from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $38.17.

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.