Malibu Boats (NASDAQ:MBUU) Stock Rating Upgraded by B. Riley

Malibu Boats (NASDAQ:MBUU) was upgraded by analysts at B. Riley to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on MBUU. Robert W. Baird upped their price target on shares of Malibu Boats from $40.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Benchmark restated a “buy” rating and set a $44.00 target price on shares of Malibu Boats in a research note on Tuesday, February 4th. DA Davidson downgraded Malibu Boats from a “buy” rating to a “neutral” rating and set a $45.00 price target on the stock. in a research report on Friday, November 1st. StockNews.com upgraded Malibu Boats to a “sell” rating in a report on Saturday, November 2nd. Finally, KeyCorp lowered their price objective 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Malibu Boats currently has an average rating of “Hold” and a consensus target price of $42.83.

Malibu Boats Stock Down 0.7 %

Shares of MBUU stock opened at $36.22 on Wednesday. The company has a market capitalization of $711.36 million, a price-to-earnings ratio of -8.33 and a beta of 1.33. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.45 and a current ratio of 1.52. The stock’s 50 day simple moving average is $38.00 and its 200 day simple moving average is $38.81. Malibu Boats has a twelve month low of $30.20 and a twelve month high of $48.92.

Malibu Boats (NASDAQ:MBUU) last released its quarterly earnings results 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 negative net margin of 12.09% and a positive return on equity of 1.04%. As a group, research analysts predict that Malibu Boats will post 1.76 EPS for the current year.

Institutional Trading of Malibu Boats

Several institutional investors have recently modified their holdings of MBUU. Truist Financial Corp raised its stake in shares of Malibu Boats by 35.6% in the second quarter. Truist Financial Corp now owns 8,448 shares of the company’s stock valued at $296,000 after purchasing an additional 2,219 shares in the last quarter. SG Americas Securities LLC increased its holdings in Malibu Boats by 31.6% in the 3rd quarter. SG Americas Securities LLC now owns 5,212 shares of the company’s stock valued at $202,000 after buying an additional 1,252 shares during the period. Creative Planning bought a new stake in Malibu Boats in the 3rd quarter valued at $223,000. nVerses Capital LLC acquired a new position in shares of Malibu Boats in the 3rd quarter valued at $74,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Malibu Boats by 37.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 114,525 shares of the company’s stock worth $4,445,000 after acquiring an additional 31,026 shares during the period. 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.