Will Malibu Boats, Inc. (MBUU) Run Out of Steam Soon?

June 18, 2018 - By Winifred Garcia

Malibu Boats, Inc. (NASDAQ:MBUU) Logo

Investors sentiment decreased to 0.76 in 2018 Q1. Its down 0.39, from 1.15 in 2017Q4. It fall, as 22 investors sold Malibu Boats, Inc. shares while 48 reduced holdings. 19 funds opened positions while 34 raised stakes. 20.10 million shares or 1.05% less from 20.31 million shares in 2017Q4 were reported.
Qs Invsts has 46,667 shares. Plante Moran Limited Company holds 0% or 111 shares in its portfolio. 2,415 are held by Alphaone Ser. Goldman Sachs holds 0% or 89,306 shares in its portfolio. Boston Advsr Llc has invested 0.18% of its portfolio in Malibu Boats, Inc. (NASDAQ:MBUU). Hotchkis Wiley Cap Limited Liability Company invested in 28,359 shares. 220,017 were accumulated by Columbus Circle Investors. Grandeur Peak Advisors Ltd Co accumulated 4,686 shares or 0.02% of the stock. Employees Retirement Of Texas accumulated 40,000 shares or 0.02% of the stock. 5,330 were accumulated by Mckinley Capital Lc Delaware. Stone Ridge Asset Mngmt Llc holds 20,584 shares. Arrow Financial stated it has 0% of its portfolio in Malibu Boats, Inc. (NASDAQ:MBUU). Bowling Port Ltd Liability Com accumulated 0.06% or 13,318 shares. Cadence Cap Mgmt Ltd Llc reported 57,997 shares. Parametric Port Associate Limited Liability Company accumulated 39,928 shares.

Since February 16, 2018, it had 0 insider purchases, and 1 sale for $512,250 activity.

The stock of Malibu Boats, Inc. (NASDAQ:MBUU) hit a new 52-week high and has $47.68 target or 5.00 % above today’s $45.41 share price. The 7 months bullish chart indicates low risk for the $980.46 million company. The 1-year high was reported on Jun, 18 by Barchart.com. If the $47.68 price target is reached, the company will be worth $49.02M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.84% or $0.38 during the last trading session, reaching $45.41. About 99,661 shares traded. Malibu Boats, Inc. (NASDAQ:MBUU) has risen 82.35% since June 18, 2017 and is uptrending. It has outperformed by 69.78% the S&P500.

Analysts await Malibu Boats, Inc. (NASDAQ:MBUU) to report earnings on September, 6. They expect $0.57 EPS, up 35.71 % or $0.15 from last year’s $0.42 per share. MBUU’s profit will be $12.31 million for 19.92 P/E if the $0.57 EPS becomes a reality. After $0.87 actual EPS reported by Malibu Boats, Inc. for the previous quarter, Wall Street now forecasts -34.48 % negative EPS growth.

Malibu Boats, Inc. (NASDAQ:MBUU) Ratings Coverage

Among 5 analysts covering Malibu Boats (NASDAQ:MBUU), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Malibu Boats had 9 analyst reports since February 9, 2018 according to SRatingsIntel. The firm has “Overweight” rating by KeyBanc Capital Markets given on Thursday, May 3. As per Friday, February 9, the company rating was maintained by KeyBanc Capital Markets. KeyBanc Capital Markets maintained the shares of MBUU in report on Sunday, April 22 with “Buy” rating. The rating was maintained by BMO Capital Markets with “Buy” on Monday, February 12. B. Riley & Co maintained the shares of MBUU in report on Monday, February 12 with “Neutral” rating. The firm has “Hold” rating given on Thursday, May 3 by Wells Fargo. KeyBanc Capital Markets maintained the shares of MBUU in report on Monday, February 12 with “Overweight” rating. The stock of Malibu Boats, Inc. (NASDAQ:MBUU) has “Outperform” rating given on Thursday, May 3 by BMO Capital Markets. As per Friday, February 9, the company rating was maintained by SunTrust.

More recent Malibu Boats, Inc. (NASDAQ:MBUU) news were published by: Investorplace.com which released: “5 Top-Ranked Stocks for Easy Gains in Lazy June” on June 12, 2018. Also Fool.com published the news titled: “Polaris Industries Looks to Make a Splash in Pontoon Boats” on June 08, 2018. Investorplace.com‘s news article titled: “5 Top-Ranked Picks That Will Continue the Small-Cap Rally” with publication date: May 21, 2018 was also an interesting one.

Malibu Boats, Inc. designs, manufactures, distributes, markets, and sells recreational powerboats. The company has market cap of $980.46 million. The firm offers performance sport boats under the Malibu and Axis brand names; and sterndrives and outboard boats under the Cobalt brand name. It has a 35.84 P/E ratio. The Company’s boats are used for water sports, including water skiing, wakeboarding, and wake surfing, as well as general recreational boating.

Malibu Boats, Inc. (NASDAQ:MBUU) Institutional Positions Chart

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