Shares of Malibu Boats Inc (NASDAQ:MBUU) have earned a consensus recommendation of “Buy” from the ten brokerages that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $35.28.
Several equities research analysts have recently weighed in on MBUU shares. BidaskClub cut Malibu Boats from a “buy” rating to a “hold” rating in a research note on Thursday, December 14th. Zacks Investment Research cut Malibu Boats from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 10th. SunTrust Banks reissued a “buy” rating and issued a $34.00 price target on shares of Malibu Boats in a research note on Friday, November 10th. BMO Capital Markets increased their price target on Malibu Boats from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Monday, November 13th. Finally, Wells Fargo & Co reissued an “outperform” rating and issued a $36.00 price target (up previously from $30.00) on shares of Malibu Boats in a research note on Wednesday, November 8th.
Shares of Malibu Boats (MBUU) traded up $0.53 during mid-day trading on Friday, hitting $34.52. The stock had a trading volume of 180,200 shares, compared to its average volume of 218,869. The firm has a market capitalization of $707.99, a PE ratio of 19.07, a price-to-earnings-growth ratio of 1.05 and a beta of 1.07. The company has a current ratio of 1.70, a quick ratio of 0.92 and a debt-to-equity ratio of 0.98. Malibu Boats has a 12 month low of $20.21 and a 12 month high of $35.90.
In related news, CFO Wayne R. Wilson sold 35,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $31.20, for a total transaction of $1,092,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Deborah S. Kent sold 1,497 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $31.16, for a total value of $46,646.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 91,497 shares of company stock worth $2,853,897. 3.50% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in MBUU. Lazard Asset Management LLC boosted its position in shares of Malibu Boats by 87.0% during the 4th quarter. Lazard Asset Management LLC now owns 1,521,832 shares of the company’s stock valued at $45,244,000 after purchasing an additional 707,932 shares in the last quarter. Hillcrest Asset Management LLC bought a new position in Malibu Boats in the fourth quarter worth approximately $10,329,000. American Century Companies Inc. boosted its holdings in Malibu Boats by 42.5% in the third quarter. American Century Companies Inc. now owns 664,496 shares of the company’s stock worth $21,025,000 after acquiring an additional 198,283 shares in the last quarter. Cooke & Bieler LP boosted its holdings in Malibu Boats by 53.8% in the fourth quarter. Cooke & Bieler LP now owns 562,750 shares of the company’s stock worth $16,731,000 after acquiring an additional 196,930 shares in the last quarter. Finally, Thomson Horstmann & Bryant Inc. bought a new position in Malibu Boats in the fourth quarter worth approximately $3,729,000. Institutional investors own 97.19% of the company’s stock.
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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.
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