Deutsche Bank AG Lowers Stock Position in Malibu Boats, Inc. $MBUU

Deutsche Bank AG lessened its stake in shares of Malibu Boats, Inc. (NASDAQ:MBUU) by 9.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,212 shares of the company’s stock after selling 1,777 shares during the quarter. Deutsche Bank AG owned 0.08% of Malibu Boats worth $497,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Tybourne Capital Management HK Ltd. acquired a new stake in shares of Malibu Boats during the fourth quarter worth about $3,006,000. Janus Henderson Group PLC lifted its position in shares of Malibu Boats by 31.6% during the fourth quarter. Janus Henderson Group PLC now owns 314,079 shares of the company’s stock worth $11,807,000 after purchasing an additional 75,503 shares in the last quarter. Wellington Management Group LLP lifted its position 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 purchasing an additional 56,629 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Malibu Boats by 20.8% during the fourth quarter. Bank of America Corp DE now owns 302,864 shares of the company’s stock worth $11,385,000 after purchasing an additional 52,160 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Malibu Boats by 28.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 219,769 shares of the company’s stock worth $6,743,000 after purchasing an additional 49,107 shares in the last quarter. Hedge funds and other institutional investors own 91.35% of the company’s stock.

Analyst Upgrades and Downgrades

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

Malibu Boats Stock Performance

Shares of Malibu Boats stock opened at $39.52 on Thursday. The firm has a market capitalization of $758.39 million, a P/E ratio of -96.39 and a beta of 1.12. Malibu Boats, Inc. has a 52 week low of $24.42 and a 52 week high of $47.82. The company has a quick ratio of 0.61, a current ratio of 1.60 and a debt-to-equity ratio of 0.05. The firm’s 50 day moving average is $34.48 and its two-hundred day moving average is $32.13.

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.