Public Employees Retirement System of Ohio Acquires New Holdings in Malibu Boats, Inc. (MBUU)

Public Employees Retirement System of Ohio acquired a new position in Malibu Boats, Inc. (NASDAQ:MBUU) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 20,036 shares of the company’s stock, valued at approximately $518,000. Public Employees Retirement System of Ohio owned 0.11% of Malibu Boats as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of Malibu Boats in the 2nd quarter worth about $116,000. Susquehanna International Group LLP acquired a new stake in shares of Malibu Boats in the 2nd quarter worth about $200,000. Stevens Capital Management LP acquired a new stake in shares of Malibu Boats in the 2nd quarter worth about $201,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Malibu Boats in the 2nd quarter worth about $211,000. Finally, Laurion Capital Management LP acquired a new stake in shares of Malibu Boats in the 2nd quarter worth about $211,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently issued reports on MBUU shares. B. Riley reiterated a “neutral” rating and issued a $29.50 target price (up previously from $25.50) on shares of Malibu Boats in a research report on Monday, November 6th. KeyCorp reiterated a “buy” rating and issued a $33.00 target price on shares of Malibu Boats in a research report on Friday. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $34.00 target price on shares of Malibu Boats in a research report on Friday. Zacks Investment Research lowered shares of Malibu Boats from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $36.00 target price (up previously from $30.00) on shares of Malibu Boats in a research report on Wednesday, November 8th. Two research 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’s stock. The stock has a consensus rating of “Buy” and an average target price of $32.06.

Malibu Boats, Inc. (NASDAQ:MBUU) opened at $27.80 on Monday. Malibu Boats, Inc. has a 12-month low of $16.66 and a 12-month high of $33.35. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.46 and a quick ratio of 0.71. The stock has a market cap of $566.40, a PE ratio of 16.55, a P/E/G ratio of 0.97 and a beta of 1.02.

Malibu Boats (NASDAQ:MBUU) last posted its quarterly earnings data on Thursday, September 7th. The company reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. Malibu Boats had a net margin of 9.42% and a return on equity of 54.78%. The company had revenue of $75.11 million during the quarter, compared to analyst estimates of $73.35 million. During the same quarter last year, the firm posted $0.38 EPS. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. equities analysts forecast that Malibu Boats, Inc. will post 1.91 earnings per share for the current fiscal year.

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About Malibu Boats

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.

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

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