UBS Group AG Has $2.67 Million Holdings in Malibu Boats, Inc. $MBUU

UBS Group AG raised its position in shares of Malibu Boats, Inc. (NASDAQ:MBUU) by 64.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 94,509 shares of the company’s stock after purchasing an additional 37,003 shares during the quarter. UBS Group AG owned approximately 0.49% of Malibu Boats worth $2,666,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MBUU. BNP Paribas Financial Markets increased its position in Malibu Boats by 43.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,128 shares of the company’s stock valued at $67,000 after purchasing an additional 643 shares during the period. Tower Research Capital LLC TRC increased its position in Malibu Boats by 346.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,321 shares of the company’s stock valued at $73,000 after purchasing an additional 1,801 shares during the period. Strs Ohio acquired a new stake in Malibu Boats during the 1st quarter valued at approximately $123,000. Central Pacific Bank Trust Division increased its position in Malibu Boats by 36.0% during the 4th quarter. Central Pacific Bank Trust Division now owns 4,618 shares of the company’s stock valued at $130,000 after purchasing an additional 1,223 shares during the period. Finally, Millennium Management LLC acquired a new stake in Malibu Boats during the 3rd quarter valued at approximately $211,000. Institutional investors and hedge funds own 91.35% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on MBUU. Wall Street Zen raised shares of Malibu Boats from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings downgraded shares of Malibu Boats from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, May 11th. Griffin Securities set a $30.00 target price on shares of Malibu Boats in a research note on Tuesday, March 3rd. Zacks Research cut shares of Malibu Boats from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. Finally, Truist Financial reduced their price target on shares of Malibu Boats from $34.00 to $31.00 and set a “hold” rating for the company in a report on Monday, April 27th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Malibu Boats currently has an average rating of “Hold” and a consensus target price of $31.20.

Malibu Boats Price Performance

Shares of NASDAQ:MBUU opened at $28.68 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 0.44 and a debt-to-equity ratio of 0.32. The stock’s fifty day simple moving average is $26.10 and its two-hundred day simple moving average is $28.30. Malibu Boats, Inc. has a 1-year low of $23.84 and a 1-year high of $39.65. The stock has a market cap of $563.28 million, a PE ratio of -478.00 and a beta of 1.13.

Malibu Boats (NASDAQ:MBUU) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.27. The business had revenue of $235.70 million for the quarter, compared to analysts’ expectations of $203.46 million. Malibu Boats had a positive return on equity of 3.28% and a negative net margin of 0.11%.The business’s revenue was up 3.1% on a year-over-year basis. During the same period last year, the business earned $0.72 EPS. As a group, analysts forecast that Malibu Boats, Inc. will post 1.08 EPS for the current fiscal year.

About Malibu Boats

Malibu Boats, Inc is a leading designer, manufacturer and distributor of performance sport boats for the recreational boating market. The company’s product portfolio includes the premium Malibu® brand and the value-oriented Axis® Wake Research line, as well as Cobalt® boats following its 2020 acquisition. Malibu’s vessels are engineered to serve water-sports enthusiasts, with models optimized for wakeboarding, wakesurfing and waterskiing.

Founded in 1982 by water-sports enthusiast Jack Springer, Malibu Boats is headquartered in Loudon, Tennessee.