Mackenzie Financial Corp Acquires 6,463 Shares of Malibu Boats, Inc. (MBUU)

Mackenzie Financial Corp increased its holdings in shares of Malibu Boats, Inc. (NASDAQ:MBUU) by 16.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,971 shares of the company’s stock after purchasing an additional 6,463 shares during the period. Mackenzie Financial Corp owned approximately 0.22% of Malibu Boats worth $1,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC acquired a new stake in Malibu Boats during the second quarter valued at $116,000. Susquehanna International Group LLP acquired a new stake in Malibu Boats during the second quarter valued at $200,000. Stevens Capital Management LP acquired a new stake in Malibu Boats during the second quarter valued at $201,000. Laurion Capital Management LP acquired a new stake in Malibu Boats during the second quarter valued at $211,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Malibu Boats during the second quarter valued at $211,000.

MBUU has been the topic of several analyst reports. B. Riley lowered shares of Malibu Boats to a “neutral” rating and set a $25.25 price target on the stock. in a research report on Saturday, September 2nd. KeyCorp restated a “buy” rating and set a $33.00 price target on shares of Malibu Boats in a research report on Friday, November 10th. Zacks Investment Research lowered shares of Malibu Boats from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. BMO Capital Markets upgraded shares of Malibu Boats from a “market perform” rating to an “outperform” rating and raised their price target for the company from $29.00 to $32.00 in a research report on Monday, September 11th. Finally, SunTrust Banks restated a “buy” rating and set a $32.00 price target (up previously from $30.00) on shares of Malibu Boats in a research report on Friday, September 8th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $32.31.

In other news, CEO Jackie D. Jr. Springer sold 40,000 shares of Malibu Boats stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $27.76, for a total value of $1,110,400.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Deborah S. Kent sold 1,497 shares of Malibu Boats stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $31.16, for a total transaction of $46,646.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 91,497 shares of company stock worth $2,716,297. Company insiders own 3.50% of the company’s stock.

Shares of Malibu Boats, Inc. (MBUU) opened at $31.62 on Monday. Malibu Boats, Inc. has a 52-week low of $17.17 and a 52-week high of $33.35. The stock has a market cap of $644.23, a PE ratio of 18.82, a PEG ratio of 1.09 and a beta of 1.00. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.46 and a quick ratio of 0.71.

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Malibu Boats Company Profile

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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