Grantham Mayo Van Otterloo & Co. LLC Grows Stock Position in Malibu Boats, Inc. (NASDAQ:MBUU)

Grantham Mayo Van Otterloo & Co. LLC boosted its stake in shares of Malibu Boats, Inc. (NASDAQ:MBUU) by 1.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 719,717 shares of the company’s stock after acquiring an additional 6,865 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned 3.66% of Malibu Boats worth $27,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Exchange Traded Concepts LLC boosted its stake in shares of Malibu Boats by 4.1% during the fourth quarter. Exchange Traded Concepts LLC now owns 7,977 shares of the company’s stock valued at $300,000 after purchasing an additional 311 shares during the period. Central Pacific Bank Trust Division raised its holdings in Malibu Boats by 11.3% during the 4th quarter. Central Pacific Bank Trust Division now owns 3,626 shares of the company’s stock valued at $136,000 after buying an additional 368 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in Malibu Boats during the 4th quarter valued at $38,000. Wells Fargo & Company MN grew its holdings in Malibu Boats by 7.9% in the 4th quarter. Wells Fargo & Company MN now owns 16,452 shares of the company’s stock worth $618,000 after acquiring an additional 1,211 shares during the last quarter. Finally, Benjamin Edwards Inc. increased its position in shares of Malibu Boats by 28.6% in the third quarter. Benjamin Edwards Inc. now owns 6,572 shares of the company’s stock valued at $255,000 after acquiring an additional 1,460 shares during the period. 91.35% of the stock is currently owned by institutional investors.

Malibu Boats Stock Performance

Shares of Malibu Boats stock opened at $28.51 on Friday. Malibu Boats, Inc. has a 12 month low of $25.93 and a 12 month high of $47.82. The firm has a market capitalization of $559.79 million, a P/E ratio of -6.55 and a beta of 1.42. The company has a current ratio of 1.52, a quick ratio of 0.45 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $33.71 and a two-hundred day simple moving average of $37.88.

Malibu Boats (NASDAQ:MBUU) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). Malibu Boats had a negative net margin of 12.09% and a positive return on equity of 1.04%. On average, equities analysts forecast that Malibu Boats, Inc. will post 1.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MBUU. Benchmark reissued a “buy” rating and issued a $44.00 target price on shares of Malibu Boats in a research note on Tuesday, February 4th. Truist Financial lifted their price objective on Malibu Boats from $34.00 to $38.00 and gave the stock a “hold” rating in a research report on Friday, January 31st. KeyCorp downgraded Malibu Boats from an “overweight” rating to a “sector weight” rating in a report on Thursday, March 20th. B. Riley upgraded shares of Malibu Boats to a “hold” rating in a report on Wednesday, February 12th. Finally, StockNews.com upgraded shares of Malibu Boats from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $39.83.

Malibu Boats Company Profile

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.