Chicago Equity Partners LLC Reduces Stake in Malibu Boats (MBUU)

Chicago Equity Partners LLC lessened its position in Malibu Boats (NASDAQ:MBUU) by 5.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 126,362 shares of the company’s stock after selling 6,740 shares during the period. Chicago Equity Partners LLC owned approximately 0.62% of Malibu Boats worth $4,196,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its position in shares of Malibu Boats by 126.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,445 shares of the company’s stock worth $133,000 after purchasing an additional 2,485 shares during the period. Two Sigma Securities LLC acquired a new stake in shares of Malibu Boats during the fourth quarter worth $236,000. Trexquant Investment LP acquired a new stake in shares of Malibu Boats during the first quarter worth $282,000. MetLife Investment Advisors LLC acquired a new stake in shares of Malibu Boats during the fourth quarter worth $261,000. Finally, PEAK6 Investments L.P. raised its position in shares of Malibu Boats by 222.5% during the fourth quarter. PEAK6 Investments L.P. now owns 11,759 shares of the company’s stock worth $350,000 after purchasing an additional 21,359 shares during the period.

Malibu Boats opened at $41.92 on Monday, MarketBeat reports. The firm has a market cap of $843.99 million, a P/E ratio of 27.76, a price-to-earnings-growth ratio of 1.16 and a beta of 1.02. Malibu Boats has a 1-year low of $41.78 and a 1-year high of $42.41. The company has a current ratio of 1.87, a quick ratio of 1.21 and a debt-to-equity ratio of 0.85.

Malibu Boats (NASDAQ:MBUU) last posted its quarterly earnings results on Wednesday, May 2nd. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.19. The firm had revenue of $140.43 million for the quarter, compared to analyst estimates of $125.92 million. Malibu Boats had a return on equity of 45.08% and a net margin of 5.73%. Malibu Boats’s quarterly revenue was up 82.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 earnings per share. equities research analysts predict that Malibu Boats will post 2.36 EPS for the current year.

In related news, VP Dan L. Gasper sold 15,000 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $34.15, for a total transaction of $512,250.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.50% of the stock is currently owned by insiders.

A number of brokerages have recently issued reports on MBUU. Zacks Investment Research lowered Malibu Boats from a “buy” rating to a “hold” rating in a research report on Saturday, April 14th. SunTrust Banks reaffirmed a “buy” rating and set a $37.00 target price on shares of Malibu Boats in a research report on Friday, February 9th. KeyCorp reissued an “overweight” rating and set a $38.00 price target (up from $33.00) on shares of Malibu Boats in a research report on Friday, February 9th. BMO Capital Markets upped their price target on Malibu Boats from $34.00 to $40.00 and gave the company a “top pick” rating in a research report on Tuesday, February 13th. Finally, ValuEngine raised Malibu Boats from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Malibu Boats presently has an average rating of “Buy” and an average price target of $41.75.

Malibu Boats Profile

Malibu Boats, Inc designs, manufactures, distributes, markets, and sells recreational powerboats. The company offers performance sport boats under the Malibu and Axis brand names; and sterndrives and outboard boats under the Cobalt brand name. Its boats are used for water sports, including water skiing, wakeboarding, and wake surfing, as well as general recreational boating.

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

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