Malibu Boats, Inc. $MBUU Shares Sold by CenterBook Partners LP

CenterBook Partners LP decreased its position in shares of Malibu Boats, Inc. (NASDAQ:MBUU) by 84.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 25,974 shares of the company’s stock after selling 143,074 shares during the period. CenterBook Partners LP’s holdings in Malibu Boats were worth $595,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MBUU. Parallel Advisors LLC acquired a new position in Malibu Boats in the 1st quarter worth $194,403,000. Bank of America Corp DE boosted its position in Malibu Boats by 44.6% in the 1st quarter. Bank of America Corp DE now owns 343,042 shares of the company’s stock valued at $8,892,000 after buying an additional 105,734 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Malibu Boats during the first quarter valued at about $2,321,000. Bank of New York Mellon Corp acquired a new stake in shares of Malibu Boats during the second quarter valued at about $2,384,000. Finally, Fort Washington Investment Advisors Inc. OH grew its stake in shares of Malibu Boats by 10.6% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 865,239 shares of the company’s stock valued at $19,831,000 after acquiring an additional 82,777 shares in the last quarter. Hedge funds and other institutional investors own 91.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MBUU shares. Weiss Ratings raised Malibu Boats from a “sell (e+)” rating to a “sell (d)” rating in a research report on Thursday, August 27th. Truist Financial cut their price target on Malibu Boats from $34.00 to $26.00 and set a “hold” rating on the stock in a research note on Friday, October 23rd. Wall Street Zen downgraded Malibu Boats from a “buy” rating to a “hold” rating in a report on Sunday, November 1st. B. Riley Financial restated a “neutral” rating and set a $22.00 price objective (down from $30.00) on shares of Malibu Boats in a research note on Friday, November 6th. Finally, Raymond James Financial restated a “market perform” rating on shares of Malibu Boats in a research note on Monday, August 31st. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Malibu Boats presently has an average rating of “Hold” and a consensus price target of $28.40.

Malibu Boats Stock Down 0.2%

Shares of NASDAQ:MBUU opened at $20.50 on Thursday. The company has a current ratio of 1.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.31. The company has a fifty day simple moving average of $23.18 and a 200 day simple moving average of $26.63. The firm has a market cap of $402.82 million, a PE ratio of 16.18 and a beta of 1.20. Malibu Boats, Inc. has a 12-month low of $19.46 and a 12-month high of $34.97.

Malibu Boats (NASDAQ:MBUU) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.06). Malibu Boats had a net margin of 0.86% and a return on equity of 4.78%. The company had revenue of $252.94 million during the quarter, compared to analyst estimates of $257.64 million. During the same period in the prior year, the company earned $0.15 earnings per share. The company’s revenue was up 28.1% on a year-over-year basis. On average, equities research analysts anticipate that Malibu Boats, Inc. will post 2.18 EPS for the current fiscal year.

About Malibu Boats

Malibu Boats, Inc. designs, manufactures and markets recreational powerboats. Its brands include Malibu and Axis, which specialize in performance sport boats for activities such as wakeboarding and wakesurfing, as well as Cobalt, known for luxury recreational boats. The company also serves saltwater and freshwater fishing markets through brands including Pursuit, Maverick, Cobia, Pathfinder and Hewes. These brands offer a range of boats, including sport, center-console, bay and fishing models. Founded in 1982, Malibu Boats sells its products through a network of independent dealers in the United States and international markets.