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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 increased, as 92 investment professionals opened new or increased stock positions, while 60 sold and decreased their stakes in Malibu Boats Inc. The investment professionals in our partner’s database now hold: 19.80 million shares, down from 20.29 million shares in 2019Q1. Also, the number of investment professionals holding Malibu Boats Inc in their top 10 stock 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 $645.82 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 10 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 $0.7 during the last trading session, reaching $31.49. About 45,833 shares traded. Malibu Boats, Inc. (NASDAQ:MBUU) has declined 18.72% since September 23, 2018 and is downtrending. It has underperformed by 18.72% the S&P500.

Analysts await Malibu Boats, Inc. (NASDAQ:MBUU) to report earnings on November, 5. They expect $0.77 earnings per share, up 18.46 % or $0.12 from last year’s $0.65 per share. MBUU’s profit will be $15.79 million for 10.22 P/E if the $0.77 EPS becomes a reality. After $1.05 actual earnings per share reported by Malibu Boats, Inc. for the previous quarter, Wall Street now forecasts -26.67 % 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 66.18% above today’s ($31.49) share price. MBUU was included in 4 notes of analysts from April 25, 2019. The firm has “Outperform” rating given on Friday, August 30 by BMO Capital Markets. B. Riley & Co maintained the stock with “Buy” rating in Tuesday, August 27 report.

More notable recent Malibu Boats, Inc. (NASDAQ:MBUU) news were published by: Globenewswire.com which released: “Malibu Boats Gives Away a Boat to Celebrate its Achievement of Three Million Accident-Free Man Hours – GlobeNewswire” on July 16, 2019, also Nasdaq.com with their article: “Factors Likely to Shape Malibu Boats’ (MBUU) Earnings in Q4 – Nasdaq” published on August 28, 2019, Finance.Yahoo.com published: “Is Malibu Boats (MBUU) a Great Value Stock Right Now? – Yahoo Finance” on June 17, 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: “Is Malibu Boats (MBUU) a Solid Growth Stock? 3 Reasons to Think ” Yes ” – Yahoo Finance” with publication date: June 03, 2019.