Semanteon Capital Management LP Makes New Investment in Malibu Boats, Inc. (NASDAQ:MBUU)

Semanteon Capital Management LP acquired a new position in Malibu Boats, Inc. (NASDAQ:MBUU) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 7,723 shares of the company’s stock, valued at approximately $290,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new position in Malibu Boats in the fourth quarter worth $38,000. Studio Investment Management LLC boosted its holdings in Malibu Boats by 53.7% in the third quarter. Studio Investment Management LLC now owns 1,087 shares of the company’s stock worth $42,000 after purchasing an additional 380 shares during the period. Central Pacific Bank Trust Division boosted its holdings in Malibu Boats by 11.3% in the fourth quarter. Central Pacific Bank Trust Division now owns 3,626 shares of the company’s stock worth $136,000 after purchasing an additional 368 shares during the period. Vestcor Inc boosted its holdings in shares of Malibu Boats by 317.0% during the fourth quarter. Vestcor Inc now owns 6,410 shares of the company’s stock valued at $241,000 after acquiring an additional 4,873 shares during the period. Finally, Benjamin Edwards Inc. boosted its holdings in shares of Malibu Boats by 28.6% during the third quarter. Benjamin Edwards Inc. now owns 6,572 shares of the company’s stock valued at $255,000 after acquiring an additional 1,460 shares during the period. Institutional investors and hedge funds own 91.35% of the company’s stock.

Malibu Boats Stock Performance

MBUU stock opened at $29.55 on Friday. The company has a quick ratio of 0.45, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. The company has a 50-day simple moving average of $34.91 and a 200 day simple moving average of $38.34. Malibu Boats, Inc. has a fifty-two week low of $29.02 and a fifty-two week high of $47.82. The company has a market capitalization of $580.21 million, a P/E ratio of -6.79 and a beta of 1.42.

Malibu Boats (NASDAQ:MBUU) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.20 EPS for the quarter, missing the consensus estimate 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%. Sell-side analysts predict that Malibu Boats, Inc. will post 1.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on MBUU. StockNews.com raised shares of Malibu Boats from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. B. Riley raised shares of Malibu Boats to a “hold” rating in a report on Wednesday, February 12th. Truist Financial boosted their price target on shares of Malibu Boats from $34.00 to $38.00 and gave the company a “hold” rating in a report on Friday, January 31st. Benchmark reissued a “buy” rating and set a $44.00 price target on shares of Malibu Boats in a report on Tuesday, February 4th. Finally, KeyCorp downgraded shares of Malibu Boats from an “overweight” rating to a “sector weight” rating in a report on Thursday. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $42.83.

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.