Malibu Boats Inc. (NASDAQ:MBUU) was up 5.2% during trading on Friday . The stock traded as high as $13.23 and last traded at $13.17, with a volume of 89,680 shares changing hands. The stock had previously closed at $12.52.

Several equities research analysts have recently commented on MBUU shares. Zacks Investment Research downgraded Malibu Boats from a “hold” rating to a “sell” rating in a report on Tuesday, April 12th. B. Riley reissued a “buy” rating and issued a $22.00 price objective on shares of Malibu Boats in a report on Thursday, May 5th. Wunderlich cut their price objective on Malibu Boats from $27.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, May 4th. Finally, BMO Capital Markets downgraded Malibu Boats from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 10th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Malibu Boats has a consensus rating of “Buy” and a consensus price target of $23.00.

The stock has a market cap of $233.48 million and a PE ratio of 11.43. The company’s 50 day moving average price is $13.23 and its 200 day moving average price is $14.60.

Malibu Boats (NASDAQ:MBUU) last issued its quarterly earnings data on Wednesday, May 4th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.40. During the same period last year, the company posted $0.34 EPS. The company had revenue of $68.50 million for the quarter, compared to analysts’ expectations of $70.06 million. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities research analysts anticipate that Malibu Boats Inc. will post $1.30 EPS for the current fiscal year.

A number of hedge funds recently modified their holdings of the company. American Century Companies Inc. boosted its stake in shares of Malibu Boats by 37.5% in the fourth quarter. American Century Companies Inc. now owns 724,380 shares of the company’s stock worth $11,858,000 after buying an additional 197,502 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Malibu Boats by 20.9% in the fourth quarter. Wells Fargo & Company MN now owns 669,294 shares of the company’s stock worth $10,956,000 after buying an additional 115,823 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Malibu Boats by 15.9% in the fourth quarter. Victory Capital Management Inc. now owns 64,821 shares of the company’s stock worth $1,061,000 after buying an additional 8,900 shares during the period.

Malibu Boats, Inc is a designer, manufacturer and marketer of performance sport boats. The Company’s boats are used for water sports, including water skiing, wakeboarding and wake surfing, as well as general recreational boating. The Company sells its boats under two brands: Malibu and Axis. Its flagship Malibu brand boats are designed for consumers seeking a premium boating experience.

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