Exclusive: Can Malibu Boats Inc’s Tomorrow Be Different? The Stock Increases Again

Exclusive: Can Malibu Boats Inc's Tomorrow Be Different? The Stock Increases Again

The stock of Malibu Boats Inc (NASDAQ:MBUU) is a huge mover today! The stock increased 4.44% or $0.79 on November 23, hitting $18.58. About 136,661 shares traded hands or 14.28% up from the average. Malibu Boats Inc (NASDAQ:MBUU) has risen 4.44% since April 22, 2016 and is uptrending. It has underperformed by 0.97% the S&P500.
The move comes after 7 months positive chart setup for the $334.54 million company. It was reported on Nov, 24 by Barchart.com. We have $19.51 PT which if reached, will make NASDAQ:MBUU worth $16.73M more.

Analysts await Malibu Boats Inc (NASDAQ:MBUU) to report earnings on February, 1. They expect $0.32 earnings per share, up 10.34% or $0.03 from last year’s $0.29 per share. MBUU’s profit will be $5.76M for 14.52 P/E if the $0.32 EPS becomes a reality. After $0.24 actual earnings per share reported by Malibu Boats Inc for the previous quarter, Wall Street now forecasts 33.33% EPS growth.

Malibu Boats Inc (NASDAQ:MBUU) Ratings Coverage

Out of 4 analysts covering Malibu Boats (NASDAQ:MBUU), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. Malibu Boats has been the topic of 4 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by Zacks on Tuesday, September 22. KeyBanc Capital Markets initiated Malibu Boats Inc (NASDAQ:MBUU) rating on Tuesday, August 11. KeyBanc Capital Markets has “Overweight” rating and $24 price target. The firm earned “Market Perform” rating on Tuesday, May 10 by BMO Capital Markets. B. Riley & Co initiated the stock with “Buy” rating in Thursday, February 25 report.

According to Zacks Investment Research, “Malibu Boats, Inc. operates as a designer, manufacturer and marketer of sport boats primarily in the United States. The Company sells its boats under two brands: Malibu and Axis Wake Research. Its sport boats used for water sports including water skiing, wakeboarding and wake surfing as well as for general recreational boating use. Malibu Boats, Inc. is based in Loudon, United States.”

Insitutional Activity: The institutional sentiment increased to 1.97 in 2016 Q2. Its up 0.75, from 1.22 in 2016Q1. The ratio increased, as 11 funds sold all Malibu Boats Inc shares owned while 26 reduced positions. 10 funds bought stakes while 35 increased positions. They now own 16.28 million shares or 2.54% less from 16.71 million shares in 2016Q1.
Gsa Cap Prtnrs Llp owns 63,653 shares or 0.04% of their US portfolio. Nationwide Fund Advisors has 0% invested in the company for 11,948 shares. Royal Bank & Trust Of Canada has 0.01% invested in the company for 1.51M shares. The California-based Menta Cap Llc has invested 0.09% in Malibu Boats Inc (NASDAQ:MBUU). Parametric Limited Liability holds 31,580 shares or 0% of its portfolio. Skylands Cap Ltd has invested 0.24% of its portfolio in Malibu Boats Inc (NASDAQ:MBUU). California State Teachers Retirement Systems holds 37,912 shares or 0% of its portfolio. Renaissance Tech Lc last reported 0% of its portfolio in the stock. Macquarie Group Limited accumulated 1.05M shares or 0.02% of the stock. The Massachusetts-based Nbw Capital Llc has invested 0.59% in Malibu Boats Inc (NASDAQ:MBUU). Schwab Charles Inv Mgmt owns 47,708 shares or 0% of their US portfolio. Bnp Paribas Arbitrage last reported 0% of its portfolio in the stock. The New York-based D E Shaw And Company has invested 0% in Malibu Boats Inc (NASDAQ:MBUU). Deutsche Bankshares Ag holds 0% of its portfolio in Malibu Boats Inc (NASDAQ:MBUU) for 2,902 shares. Goldman Sachs Group has 0% invested in the company for 41,846 shares.

More recent Malibu Boats Inc (NASDAQ:MBUU) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on February 02, 2014. Also Seekingalpha.com published the news titled: “Malibu Boats, Inc.’s (MBUU) CEO Jack Springer on Q1 2017 Results – Earnings …” on November 01, 2016. Quotes.Wsj.com‘s news article titled: “DOW JONES, A NEWS CORP COMPANY” with publication date: January 27, 2014 was also an interesting one.

MBUU Company Profile

Malibu Boats, Inc., incorporated on November 1, 2013, is a designer, maker and marketer of performance sport boats. The Company’s divisions include the U.S. and Australia. Each segment is engaged in the manufacturing, distribution, marketing and sale of performance sport boats. The Company’s U.S. segment serves markets in North America, South America, Europe and Asia. The Company’s Australia segment serves the Australian and New Zealand markets. The Company’s boats are used for water sports, including water skiing, wakeboarding and wake surfing, as well as general recreational boating.

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