Malibu Boats (NASDAQ:MBUU) Downgraded by StockNews.com to Sell

Malibu Boats (NASDAQ:MBUU) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Monday.

MBUU has been the topic of a number of other reports. KeyCorp reduced their price objective on shares of Malibu Boats from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Truist Financial lifted their price target on Malibu Boats from $34.00 to $38.00 and gave the stock a “hold” rating in a report on Friday, January 31st. B. Riley raised Malibu Boats to a “hold” rating in a research report on Wednesday, February 12th. Finally, Benchmark reissued a “buy” rating and set a $44.00 price objective on shares of Malibu Boats in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Malibu Boats has an average rating of “Hold” and an average price target of $42.83.

Malibu Boats Stock Down 2.7 %

Shares of MBUU stock traded down $0.90 during trading on Monday, reaching $32.48. The company’s stock had a trading volume of 135,888 shares, compared to its average volume of 172,632. Malibu Boats has a 1-year low of $30.20 and a 1-year high of $47.82. The stock’s 50-day moving average price is $36.49 and its 200 day moving average price is $38.81. The company has a market capitalization of $637.74 million, a price-to-earnings ratio of -7.47 and a beta of 1.33. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.52 and a quick ratio of 0.45.

Malibu Boats (NASDAQ:MBUU) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). Malibu Boats had a positive return on equity of 1.04% and a negative net margin of 12.09%. On average, research analysts anticipate that Malibu Boats will post 1.69 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Creative Planning acquired a new position in shares of Malibu Boats in the 3rd quarter valued at $223,000. US Bancorp DE grew its position in Malibu Boats by 851.7% during the 3rd quarter. US Bancorp DE now owns 5,434 shares of the company’s stock worth $211,000 after purchasing an additional 4,863 shares during the last quarter. Chartwell Investment Partners LLC purchased a new position in Malibu Boats during the 3rd quarter worth $3,132,000. Versor Investments LP acquired a new position in Malibu Boats in the third quarter valued at $217,000. Finally, Empowered Funds LLC raised its holdings in shares of Malibu Boats by 38.8% in the third quarter. Empowered Funds LLC now owns 66,606 shares of the company’s stock valued at $2,585,000 after buying an additional 18,636 shares during the last quarter. Institutional investors and hedge funds own 91.35% of the company’s stock.

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.