Villanova Investment Management Co LLC Sells 29,227 Shares of Malibu Boats, Inc. $MBUU

Villanova Investment Management Co LLC trimmed its stake in shares of Malibu Boats, Inc. (NASDAQ:MBUU) by 65.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,402 shares of the company’s stock after selling 29,227 shares during the quarter. Villanova Investment Management Co LLC owned approximately 0.08% of Malibu Boats worth $473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of MBUU. Heck Capital Advisors LLC bought a new position in Malibu Boats during the 4th quarter worth approximately $38,000. GAMMA Investing LLC grew its position in Malibu Boats by 2,154.4% during the 1st quarter. GAMMA Investing LLC now owns 4,847 shares of the company’s stock worth $158,000 after acquiring an additional 4,632 shares during the last quarter. ProShare Advisors LLC bought a new position in Malibu Boats during the 4th quarter worth approximately $207,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Malibu Boats by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,590 shares of the company’s stock worth $356,000 after acquiring an additional 491 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in Malibu Boats by 25.3% during the 1st quarter. AQR Capital Management LLC now owns 11,815 shares of the company’s stock worth $362,000 after acquiring an additional 2,389 shares during the last quarter. 91.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Zacks Research lowered Malibu Boats from a “hold” rating to a “strong sell” rating in a research report on Thursday, September 4th. DA Davidson reduced their price target on Malibu Boats from $33.00 to $31.00 and set a “neutral” rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $36.00.

Malibu Boats Trading Down 1.4%

MBUU opened at $32.10 on Thursday. The stock has a market cap of $617.93 million, a PE ratio of 41.69 and a beta of 1.20. The company has a quick ratio of 0.58, a current ratio of 1.63 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average of $34.55 and a 200-day moving average of $31.88. Malibu Boats, Inc. has a 52 week low of $24.42 and a 52 week high of $47.82.

Malibu Boats (NASDAQ:MBUU) last released its earnings results on Thursday, August 28th. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). The firm had revenue of $207.04 million during the quarter, compared to analysts’ expectations of $195.28 million. Malibu Boats had a net margin of 1.84% and a return on equity of 4.93%. The company’s revenue for the quarter was up 30.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.39) EPS. Equities research analysts predict that Malibu Boats, Inc. will post 1.69 earnings per share for the current fiscal year.

Malibu Boats 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.