GAMMA Investing LLC Buys 841 Shares of Malibu Boats, Inc. $MBUU

GAMMA Investing LLC lifted its stake in Malibu Boats, Inc. (NASDAQ:MBUU) by 532.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 999 shares of the company’s stock after purchasing an additional 841 shares during the quarter. GAMMA Investing LLC’s holdings in Malibu Boats were worth $31,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Wellington Management Group LLP boosted its position in shares of Malibu Boats by 4.5% in the 1st quarter. Wellington Management Group LLP now owns 1,601,959 shares of the company’s stock worth $49,148,000 after purchasing an additional 68,354 shares in the last quarter. Pzena Investment Management LLC lifted its position in Malibu Boats by 0.8% in the 1st quarter. Pzena Investment Management LLC now owns 1,534,839 shares of the company’s stock valued at $47,089,000 after acquiring an additional 11,486 shares in the last quarter. Cooke & Bieler LP lifted its position in Malibu Boats by 1.7% in the 1st quarter. Cooke & Bieler LP now owns 1,366,003 shares of the company’s stock valued at $41,909,000 after acquiring an additional 22,343 shares in the last quarter. Vanguard Group Inc. lifted its position in Malibu Boats by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 1,216,269 shares of the company’s stock valued at $37,315,000 after acquiring an additional 18,187 shares in the last quarter. Finally, Lodge Hill Capital LLC lifted its position in Malibu Boats by 23.0% in the 1st quarter. Lodge Hill Capital LLC now owns 652,674 shares of the company’s stock valued at $20,024,000 after acquiring an additional 122,160 shares in the last quarter. 91.35% of the stock is owned by institutional investors.

Malibu Boats Stock Up 0.3%

MBUU opened at $32.36 on Monday. The firm has a 50-day simple moving average of $33.95 and a two-hundred day simple moving average of $31.96. Malibu Boats, Inc. has a 52 week low of $24.42 and a 52 week high of $47.82. The company has a market capitalization of $622.93 million, a PE ratio of 42.03 and a beta of 1.20. The company has a quick ratio of 0.58, a current ratio of 1.63 and a debt-to-equity ratio of 0.03.

Malibu Boats (NASDAQ:MBUU) last released its quarterly earnings data on Thursday, August 28th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). Malibu Boats had a net margin of 1.84% and a return on equity of 4.93%. The company had revenue of $207.04 million for the quarter, compared to the consensus estimate of $195.28 million. During the same period last year, the company earned ($0.39) EPS. The firm’s revenue for the quarter was up 30.4% on a year-over-year basis. Analysts forecast that Malibu Boats, Inc. will post 1.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on MBUU shares. DA Davidson lowered their price objective on Malibu Boats from $33.00 to $31.00 and set a “neutral” rating on the stock in a research report on Monday, September 8th. Zacks Research cut Malibu Boats from a “hold” rating to a “strong sell” rating in a research report on Thursday, September 4th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Malibu Boats in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Malibu Boats has a consensus rating of “Reduce” and a consensus target price of $36.00.

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.