Macquarie Group Ltd. Sells 121,469 Shares of Malibu Boats, Inc. (MBUU)

Macquarie Group Ltd. decreased its holdings in Malibu Boats, Inc. (NASDAQ:MBUU) by 9.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,128,612 shares of the company’s stock after selling 121,469 shares during the quarter. Macquarie Group Ltd. owned 5.56% of Malibu Boats worth $35,709,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Hood River Capital Management LLC purchased a new position in Malibu Boats during the 2nd quarter worth approximately $10,572,000. Boston Advisors LLC purchased a new position in Malibu Boats during the 2nd quarter worth approximately $5,361,000. American Century Companies Inc. grew its position in Malibu Boats by 42.5% during the 3rd quarter. American Century Companies Inc. now owns 664,496 shares of the company’s stock worth $21,025,000 after purchasing an additional 198,283 shares in the last quarter. AJO LP purchased a new position in Malibu Boats during the 2nd quarter worth approximately $5,025,000. Finally, Vanguard Group Inc. grew its position in Malibu Boats by 22.1% during the 1st quarter. Vanguard Group Inc. now owns 807,539 shares of the company’s stock worth $18,129,000 after purchasing an additional 146,263 shares in the last quarter. Hedge funds and other institutional investors own 90.30% of the company’s stock.

Shares of Malibu Boats, Inc. (NASDAQ:MBUU) opened at $28.90 on Thursday. The stock has a market cap of $592.68, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 1.01 and a beta of 1.02. Malibu Boats, Inc. has a 52 week low of $17.17 and a 52 week high of $33.35. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.71 and a current ratio of 1.46.

Malibu Boats (NASDAQ:MBUU) last issued its earnings results on Thursday, September 7th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $75.11 million during the quarter, compared to analyst estimates of $73.35 million. Malibu Boats had a net margin of 9.42% and a return on equity of 54.78%. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter last year, the business posted $0.38 EPS. equities research analysts expect that Malibu Boats, Inc. will post 1.91 earnings per share for the current fiscal year.

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Several equities analysts have weighed in on the stock. ValuEngine cut shares of Malibu Boats from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. BMO Capital Markets reiterated a “buy” rating and set a $32.00 price objective on shares of Malibu Boats in a research report on Friday, October 13th. Aegis assumed coverage on shares of Malibu Boats in a research report on Monday, October 2nd. They set a “buy” rating and a $37.00 price objective on the stock. KeyCorp reiterated a “buy” rating and set a $31.00 price objective on shares of Malibu Boats in a research report on Friday, October 20th. Finally, B. Riley reiterated a “neutral” rating and set a $29.50 price objective (up from $25.50) on shares of Malibu Boats in a research report on Monday, November 6th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $32.31.

In other Malibu Boats news, CEO Jackie D. Jr. Springer sold 40,000 shares of Malibu Boats stock in a transaction on Friday, November 10th. The shares were sold at an average price of $27.76, for a total transaction of $1,110,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.50% of the company’s stock.

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.

Institutional Ownership by Quarter for Malibu Boats (NASDAQ:MBUU)

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