Algert Global LLC lessened its holdings in shares of Malibu Boats, Inc. (NASDAQ:MBUU) by 26.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 138,310 shares of the company’s stock after selling 49,109 shares during the quarter. Malibu Boats comprises about 1.0% of Algert Global LLC’s holdings, making the stock its 3rd biggest holding. Algert Global LLC owned about 0.68% of Malibu Boats worth $4,376,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Teachers Advisors LLC increased its stake in shares of Malibu Boats by 15.7% during the first quarter. Teachers Advisors LLC now owns 38,933 shares of the company’s stock worth $874,000 after buying an additional 5,282 shares during the period. Vanguard Group Inc. increased its stake in shares of Malibu Boats by 22.1% during the first quarter. Vanguard Group Inc. now owns 807,539 shares of the company’s stock worth $18,129,000 after buying an additional 146,263 shares during the period. Geode Capital Management LLC increased its stake in shares of Malibu Boats by 13.9% during the first quarter. Geode Capital Management LLC now owns 150,717 shares of the company’s stock worth $3,382,000 after buying an additional 18,353 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Malibu Boats by 55.9% during the first quarter. Dimensional Fund Advisors LP now owns 376,257 shares of the company’s stock worth $8,447,000 after buying an additional 134,987 shares during the period. Finally, Morgan Stanley increased its stake in shares of Malibu Boats by 7.0% during the first quarter. Morgan Stanley now owns 89,983 shares of the company’s stock worth $2,020,000 after buying an additional 5,857 shares during the period.

MBUU has been the topic of a number of recent research reports. B. Riley lowered shares of Malibu Boats to a “neutral” rating and set a $25.25 target price on the stock. in a research note on Monday, August 28th. KeyCorp restated an “overweight” rating and set a $31.00 target price on shares of Malibu Boats in a research note on Wednesday, August 30th. Zacks Investment Research lowered shares of Malibu Boats from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. ValuEngine upgraded shares of Malibu Boats from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 6th. Finally, SunTrust Banks restated a “buy” rating and set a $32.00 target price (up from $30.00) on shares of Malibu Boats in a research note on Friday, September 8th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Malibu Boats has a consensus rating of “Buy” and a consensus price target of $32.31.

In other Malibu Boats news, CEO Jackie D. Jr. Springer sold 40,000 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $27.76, for a total value of $1,110,400.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Ritchie L. Anderson sold 15,000 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $31.15, for a total transaction of $467,250.00. The disclosure for this sale can be found here. Insiders sold 131,497 shares of company stock worth $3,964,297 over the last quarter. 3.50% of the stock is currently owned by insiders.

Malibu Boats, Inc. (NASDAQ:MBUU) opened at $29.50 on Thursday. The company has a market cap of $635.88, a P/E ratio of 18.58, a price-to-earnings-growth ratio of 1.07 and a beta of 1.00. Malibu Boats, Inc. has a one year low of $17.17 and a one year high of $33.35. The company has a quick ratio of 0.71, a current ratio of 1.46 and a debt-to-equity ratio of 0.94.

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About Malibu Boats

Malibu Boats, Inc is a designer, manufacturer and marketer of performance sport boats. The Company’s segments include the U.S. and Australia. Each segment is engaged in the manufacturing, distribution, marketing and sale of performance sport boats. Its U.S. segment serves markets in North America, South America, Europe and Asia.

Institutional Ownership by Quarter for Malibu Boats (NASDAQ:MBUU)

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