American Century Companies Inc. Buys 966 Shares of Malibu Boats, Inc. $MBUU

American Century Companies Inc. grew its stake in shares of Malibu Boats, Inc. (NASDAQ:MBUU) by 0.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 580,630 shares of the company’s stock after buying an additional 966 shares during the period. American Century Companies Inc. owned 2.96% of Malibu Boats worth $17,814,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Heck Capital Advisors LLC purchased a new position in shares of Malibu Boats during the fourth quarter worth about $38,000. Quarry LP purchased a new position in shares of Malibu Boats during the fourth quarter worth about $45,000. GAMMA Investing LLC grew its holdings in shares of Malibu Boats by 2,154.4% during the first quarter. GAMMA Investing LLC now owns 4,847 shares of the company’s stock worth $158,000 after purchasing an additional 4,632 shares in the last quarter. ProShare Advisors LLC purchased a new position in shares of Malibu Boats during the fourth quarter worth about $207,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Malibu Boats by 518.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,966 shares of the company’s stock worth $224,000 after purchasing an additional 5,001 shares in the last quarter. 91.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, DA Davidson assumed coverage on Malibu Boats in a report on Tuesday, June 3rd. They set a “neutral” rating and a $33.00 price objective for the company. One analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $36.40.

Malibu Boats Stock Up 9.0%

Shares of MBUU opened at $39.19 on Monday. The firm has a market cap of $752.10 million, a P/E ratio of -95.59 and a beta of 1.12. The stock has a 50 day simple moving average of $34.04 and a two-hundred day simple moving average of $32.03. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.60 and a quick ratio of 0.61. Malibu Boats, Inc. has a 1 year low of $24.42 and a 1 year high of $47.82.

Malibu Boats Company 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.