Malibu Boats (NASDAQ:MBUU – Get Rating) had its price objective reduced by B. Riley from $103.00 to $89.00 in a research note published on Tuesday morning, The Fly reports. They currently have a buy rating on the stock.
A number of other equities research analysts have also recently weighed in on the stock. Robert W. Baird reduced their price target on shares of Malibu Boats from $80.00 to $70.00 in a research report on Wednesday, May 11th. StockNews.com raised shares of Malibu Boats from a hold rating to a buy rating in a research report on Friday, June 17th. Finally, KeyCorp reduced their price target on shares of Malibu Boats from $94.00 to $80.00 in a research report on Thursday, May 12th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of Buy and an average price target of $81.57.
Malibu Boats stock opened at $53.52 on Tuesday. The stock has a market cap of $1.10 billion, a P/E ratio of 7.87 and a beta of 1.60. The company has a fifty day simple moving average of $54.69 and a 200-day simple moving average of $60.60. Malibu Boats has a 12-month low of $48.31 and a 12-month high of $86.65. The company has a current ratio of 1.23, a quick ratio of 0.50 and a debt-to-equity ratio of 0.10.
In other Malibu Boats news, Director Peter E. Murphy acquired 700 shares of the company’s stock in a transaction on Wednesday, June 15th. The shares were bought at an average cost of $54.00 per share, for a total transaction of $37,800.00. Following the completion of the purchase, the director now owns 26,780 shares in the company, valued at approximately $1,446,120. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.73% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of MBUU. Selective Wealth Management Inc. acquired a new position in shares of Malibu Boats during the fourth quarter worth about $27,000. Captrust Financial Advisors increased its stake in shares of Malibu Boats by 128.1% during the first quarter. Captrust Financial Advisors now owns 1,843 shares of the company’s stock worth $107,000 after acquiring an additional 1,035 shares during the period. FourThought Financial LLC increased its stake in shares of Malibu Boats by 9.1% during the fourth quarter. FourThought Financial LLC now owns 2,277 shares of the company’s stock worth $156,000 after acquiring an additional 190 shares during the period. YorkBridge Wealth Partners LLC acquired a new position in shares of Malibu Boats during the first quarter worth about $208,000. Finally, Howe & Rusling Inc. increased its stake in shares of Malibu Boats by 5,752.4% during the first quarter. Howe & Rusling Inc. now owns 3,687 shares of the company’s stock worth $214,000 after acquiring an additional 3,624 shares during the period. Institutional investors own 92.42% of the company’s stock.
About Malibu Boats (Get Rating)
Malibu Boats, Inc engages in the design, engineering, manufacturing, marketing, and sale of a range of recreational powerboats. It operates through three segments: Malibu, Saltwater Fishing, and Cobalt. The company offers performance sport boats, and sterndrive and outboard boats under the Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes, and Cobalt brands.
- Get a free copy of the StockNews.com research report on Malibu Boats (MBUU)
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