Malibu Boats (NASDAQ:MBUU) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Malibu Boats, Inc. (NASDAQ:MBUU)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $38.75 and traded as low as $32.89. Malibu Boats shares last traded at $33.38, with a volume of 164,879 shares changing hands.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Benchmark reissued a “buy” rating and set a $44.00 price objective on shares of Malibu Boats in a research note on Tuesday, February 4th. KeyCorp dropped their price objective on Malibu Boats from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. B. Riley raised Malibu Boats to a “hold” rating in a research note on Wednesday, February 12th. Truist Financial increased their price objective on Malibu Boats from $34.00 to $38.00 and gave the company a “hold” rating in a research note on Friday, January 31st. Finally, StockNews.com raised Malibu Boats from a “sell” rating to a “hold” rating in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Malibu Boats has a consensus rating of “Hold” and an average target price of $42.83.

Malibu Boats Price Performance

The business has a 50 day moving average of $36.49 and a 200 day moving average of $38.75. The company has a market cap of $655.42 million, a PE ratio of -7.67 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 posted its quarterly earnings data on Thursday, January 30th. The company reported $0.20 earnings per share (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%. As a group, research analysts predict that Malibu Boats, Inc. will post 1.69 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MBUU. Pzena Investment Management LLC raised its stake in Malibu Boats by 5.2% during the 3rd quarter. Pzena Investment Management LLC now owns 1,555,331 shares of the company’s stock valued at $60,362,000 after purchasing an additional 77,015 shares during the period. Wellington Management Group LLP increased its stake in 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 last quarter. Cooke & Bieler LP increased its stake in Malibu Boats by 1.0% in the 4th quarter. Cooke & Bieler LP now owns 1,343,660 shares of the company’s stock worth $50,508,000 after acquiring an additional 13,767 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its stake in Malibu Boats by 1.0% in 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 during the last quarter. Finally, American Century Companies Inc. increased its stake in Malibu Boats by 10.6% in the 4th quarter. American Century Companies Inc. now owns 579,664 shares of the company’s stock worth $21,790,000 after acquiring an additional 55,767 shares during the last quarter. 91.35% of the stock is owned by hedge funds and other institutional investors.

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.