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Sentiment for Malibu Boats Inc (NASDAQ:MBUU)

Malibu Boats Inc (NASDAQ:MBUU) institutional sentiment increased to 1.53 in Q2 2019. Its up 0.11, from 1.42 in 2019Q1. The ratio is positive, as 92 institutional investors increased and opened new equity positions, while 60 reduced and sold stakes in Malibu Boats Inc. The institutional investors in our partner’s database now possess: 19.80 million shares, down from 20.29 million shares in 2019Q1. Also, the number of institutional investors holding Malibu Boats Inc in their top 10 equity positions was flat from 1 to 1 for the same number . Sold All: 20 Reduced: 40 Increased: 65 New Position: 27.

Malibu Boats, Inc. designs, manufactures, distributes, markets, and sells recreational powerboats. The company has market cap of $810.83 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 11.77 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.

The stock increased 2.27% or $0.88 during the last trading session, reaching $39.62. About 59,253 shares traded. Malibu Boats, Inc. (NASDAQ:MBUU) has declined 18.72% since November 27, 2018 and is downtrending. It has underperformed by 18.72% the S&P500.

Analysts await Malibu Boats, Inc. (NASDAQ:MBUU) to report earnings on February, 5. They expect $0.72 EPS, down 13.25 % or $0.11 from last year’s $0.83 per share. MBUU’s profit will be $14.73 million for 13.76 P/E if the $0.72 EPS becomes a reality. After $0.80 actual EPS reported by Malibu Boats, Inc. for the previous quarter, Wall Street now forecasts -10.00 % negative EPS growth.

Neumeier Poma Investment Counsel Llc holds 2.09% of its portfolio in Malibu Boats, Inc. for 651,390 shares. Hillcrest Asset Management Llc owns 284,326 shares or 1.72% of their US portfolio. Moreover, Punch & Associates Investment Management Inc. has 1.41% invested in the company for 435,283 shares. The Massachusetts-based Shellback Capital Lp has invested 1.32% in the stock. Oberweis Asset Management Inc, a Illinois-based fund reported 173,468 shares.

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

Ratings analysis reveals 100% of Malibu Boats’s analysts are positive. Out of 2 Wall Street analysts rating Malibu Boats, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $5200 while the high is $5300. The stock’s average target of $52.33 is 32.08% above today’s ($39.62) share price. MBUU was included in 4 notes of analysts from July 22, 2019. The stock of Malibu Boats, Inc. (NASDAQ:MBUU) earned “Outperform” rating by BMO Capital Markets on Friday, August 30. The firm earned “Buy” rating on Tuesday, August 27 by B. Riley & Co.

More notable recent Malibu Boats, Inc. (NASDAQ:MBUU) news were published by: Nasdaq.com which released: “Stock Market News for Nov 8, 2019 – Nasdaq” on November 08, 2019, also Seekingalpha.com with their article: “Malibu Boats: An Attractive Play For Cyclical Contrarians – Seeking Alpha” published on September 04, 2019, Nasdaq.com published: “Malibu Boats (MBUU) Q1 Earnings and Revenues Surpass Estimates – Nasdaq” on November 07, 2019. More interesting news about Malibu Boats, Inc. (NASDAQ:MBUU) were released by: Finance.Yahoo.com and their article: “Is Malibu Boats, Inc. (NASDAQ:MBUU) A Volatile Stock? – Yahoo Finance” published on July 02, 2019 as well as Finance.Yahoo.com‘s news article titled: “Should You Be Impressed By Malibu Boats, Inc.’s (NASDAQ:MBUU) ROE? – Yahoo Finance” with publication date: September 09, 2019.