Semanteon Capital Management LP Makes New $290,000 Investment in Malibu Boats, Inc. (NASDAQ:MBUU)

Semanteon Capital Management LP acquired a new position in shares of Malibu Boats, Inc. (NASDAQ:MBUU) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 7,723 shares of the company’s stock, valued at approximately $290,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of MBUU. Heck Capital Advisors LLC acquired a new stake in Malibu Boats during the 4th quarter worth about $38,000. Studio Investment Management LLC raised its holdings in Malibu Boats by 53.7% during the 3rd quarter. Studio Investment Management LLC now owns 1,087 shares of the company’s stock worth $42,000 after buying an additional 380 shares during the period. Central Pacific Bank Trust Division raised its holdings in Malibu Boats by 11.3% during the 4th quarter. Central Pacific Bank Trust Division now owns 3,626 shares of the company’s stock worth $136,000 after buying an additional 368 shares during the period. Vestcor Inc raised its holdings in Malibu Boats by 317.0% during the 4th quarter. Vestcor Inc now owns 6,410 shares of the company’s stock worth $241,000 after buying an additional 4,873 shares during the period. Finally, Benjamin Edwards Inc. raised its holdings in Malibu Boats by 28.6% during the 3rd quarter. Benjamin Edwards Inc. now owns 6,572 shares of the company’s stock worth $255,000 after buying an additional 1,460 shares during the period. Institutional investors and hedge funds own 91.35% of the company’s stock.

Wall Street Analyst Weigh In

MBUU has been the topic of several recent analyst reports. StockNews.com upgraded Malibu Boats from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. B. Riley upgraded Malibu Boats to a “hold” rating in a report on Wednesday, February 12th. KeyCorp downgraded Malibu Boats from an “overweight” rating to a “sector weight” rating in a report on Thursday. Truist Financial upped their target price on Malibu Boats from $34.00 to $38.00 and gave the company a “hold” rating in a report on Friday, January 31st. Finally, Benchmark reiterated a “buy” rating and issued a $44.00 target price on shares of Malibu Boats in a report on Tuesday, February 4th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $42.83.

Malibu Boats Trading Down 0.9 %

Shares of NASDAQ MBUU opened at $29.55 on Friday. The stock has a market cap of $580.21 million, a price-to-earnings ratio of -6.79 and a beta of 1.42. The business 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 52 week low of $29.02 and a 52 week high of $47.82. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.45 and a current ratio of 1.52.

Malibu Boats (NASDAQ:MBUU) last announced 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 negative net margin of 12.09% and a positive return on equity of 1.04%. On average, research analysts predict that Malibu Boats, Inc. will post 1.69 earnings per share for the current fiscal year.

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.