Fort Washington Investment Advisors Inc. OH Raises Stock Position in Malibu Boats, Inc. (NASDAQ:MBUU)

Fort Washington Investment Advisors Inc. OH raised its stake in shares of Malibu Boats, Inc. (NASDAQ:MBUU) by 15.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 394,288 shares of the company’s stock after acquiring an additional 53,907 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Malibu Boats were worth $14,821,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MBUU. Studio Investment Management LLC lifted its stake in Malibu Boats by 53.7% in the 3rd quarter. Studio Investment Management LLC now owns 1,087 shares of the company’s stock valued at $42,000 after buying an additional 380 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of Malibu Boats during the third quarter valued at approximately $74,000. Central Pacific Bank Trust Division lifted its position in shares of Malibu Boats by 11.3% in the fourth quarter. Central Pacific Bank Trust Division now owns 3,626 shares of the company’s stock valued at $136,000 after acquiring an additional 368 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Malibu Boats by 31.6% in the third quarter. SG Americas Securities LLC now owns 5,212 shares of the company’s stock worth $202,000 after acquiring an additional 1,252 shares during the last quarter. Finally, US Bancorp DE increased its position in shares of Malibu Boats by 851.7% during the third quarter. US Bancorp DE now owns 5,434 shares of the company’s stock worth $211,000 after purchasing an additional 4,863 shares in the last quarter. Institutional investors and hedge funds own 91.35% of the company’s stock.

Malibu Boats Stock Down 1.1 %

MBUU stock opened at $36.51 on Thursday. Malibu Boats, Inc. has a one year low of $30.20 and a one year high of $54.31. The firm has a market cap of $719.98 million, a PE ratio of -9.17 and a beta of 1.32. The firm’s 50 day moving average price is $39.40 and its 200-day moving average price is $38.55. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 1.55.

Malibu Boats (NASDAQ:MBUU) last posted its earnings results on Thursday, October 31st. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.16. The company had revenue of $171.60 million for the quarter, compared to the consensus estimate of $165.33 million. Malibu Boats had a positive return on equity of 2.39% and a negative net margin of 10.90%. The company’s revenue for the quarter was down 32.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.07 earnings per share. On average, equities research analysts anticipate that Malibu Boats, Inc. will post 2.06 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on MBUU shares. Benchmark reaffirmed a “buy” rating and set a $44.00 target price on shares of Malibu Boats in a research note on Friday, November 1st. DA Davidson cut shares of Malibu Boats from a “buy” rating to a “neutral” rating and set a $45.00 price objective for the company. in a research note on Friday, November 1st. KeyCorp decreased their target price on shares of Malibu Boats from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Robert W. Baird boosted their target price on Malibu Boats from $40.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, StockNews.com raised Malibu Boats to a “sell” rating in a report on Saturday, November 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $42.71.

About Malibu Boats

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.