1 week Ago By Defense World Staff
Corebridge Financial Inc. decreased its holdings in shares of Malibu Boats, Inc. ( NASDAQ:MBUU – Free Report ) by 10.
3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,723 shares of the company’s stock after selling 1,114 shares during the quarter. Corebridge Financial Inc.
’s holdings in Malibu Boats were worth $365,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds have also modified their holdings of MBUU. Geode Capital Management LLC raised its position in shares of Malibu Boats by 8.
2% during the 3rd quarter. Geode Capital Management LLC now owns 576,070 shares of the company’s stock valued at $22,361,000 after acquiring an additional 43,769 shares during the last quarter. Meros Investment Management LP acquired a new position in shares of Malibu Boats during the 3rd quarter worth about $4,117,000.
Barclays PLC raised its position in shares of Malibu Boats by 92.6% in the 3rd quarter. Barclays PLC now owns 46,919 shares of the company’s stock valued at $1,820,000 after acquiring an additional 22,556 shares during the period.
Allspring Global Investments Holdings LLC boosted its stake in Malibu Boats by 6.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 121,711 shares of the company’s stock worth $4,575,000 after acquiring an additional 7,186 shares during the last quarter.
Finally, American Century Companies Inc. raised its holdings in Malibu Boats by 10.6% in the fourth quarter.
American Century Companies Inc. now owns 579,664 shares of the company’s stock worth $21,790,000 after purchasing an additional 55,767 shares during the period. 91.
35% of the stock is owned by institutional investors. Wall Street Analysts Forecast Growth Several equities analysts have recently issued reports on the stock. Robert W.
Baird reissued a “neutral” rating and issued a $32.00 price target (down previously from $50.00) on shares of Malibu Boats in a report on Friday, April 4th.
Truist Financial raised their price target on Malibu Boats from $34.00 to $38.00 and gave the stock a “hold” rating in a research report on Friday, January 31st.
B. Riley upgraded Malibu Boats to a “hold” rating in a research report on Wednesday, February 12th. KeyCorp downgraded shares of Malibu Boats from an “overweight” rating to a “sector weight” rating in a report on Thursday, March 20th.
Finally, Baird R W cut shares of Malibu Boats from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $39.
83. Malibu Boats Trading Up 12.6 % Shares of NASDAQ:MBUU opened at $28.
35 on Thursday. The company’s 50-day moving average price is $32.51 and its two-hundred day moving average price is $37.
45. Malibu Boats, Inc. has a one year low of $24.
43 and a one year high of $47.82. The company has a debt-to-equity ratio of 0.
04, a current ratio of 1.52 and a quick ratio of 0.45.
The stock has a market capitalization of $556.65 million, a PE ratio of -6.52 and a beta of 1.
27. Malibu Boats ( NASDAQ:MBUU – Get Free Report ) last released its earnings results on Thursday, January 30th. The company reported $0.
20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01).
Malibu Boats had a positive return on equity of 1.04% and a negative net margin of 12.09%.
On average, equities analysts forecast that Malibu Boats, Inc. will post 1.69 EPS for the current fiscal year.
Malibu Boats Profile ( Free Report ) 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.
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