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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 more positive, as 92 hedge funds opened new and increased stock positions, while 60 sold and reduced their positions in Malibu Boats Inc. The hedge funds in our partner’s database now hold: 19.80 million shares, down from 20.29 million shares in 2019Q1. Also, the number of hedge funds 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 $662.43 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 10.25 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 decreased 0.98% or $0.32 during the last trading session, reaching $32.3. About 200,998 shares traded. Malibu Boats, Inc. (NASDAQ:MBUU) has declined 18.72% since November 3, 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 $0.70 EPS, up 7.69 % or $0.05 from last year’s $0.65 per share. MBUU’s profit will be $14.36M for 11.54 P/E if the $0.70 EPS becomes a reality. After $1.05 actual EPS reported by Malibu Boats, Inc. for the previous quarter, Wall Street now forecasts -33.33 % 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 62.01% above today’s ($32.3) share price. MBUU was included in 4 notes of analysts from July 22, 2019. As per Friday, August 30, the company rating was maintained by BMO Capital Markets. B. Riley & Co maintained it with “Buy” rating and $5200 target in Tuesday, August 27 report.

More notable recent Malibu Boats, Inc. (NASDAQ:MBUU) news were published by: Investorplace.com which released: “10 Cyclical Stocks to Buy (or Sell) Now – Investorplace.com” on August 05, 2019, also Finance.Yahoo.com with their article: “Is Malibu Boats (MBUU) a Great Value Stock Right Now? – Yahoo Finance” published on June 17, 2019, Benzinga.com published: “Stocks That Hit 52-Week Lows On Tuesday – Benzinga” on August 20, 2019. More interesting news about Malibu Boats, Inc. (NASDAQ:MBUU) were released by: Finance.Yahoo.com and their article: “Is Malibu Boats (MBUU) a Solid Growth Stock? 3 Reasons to Think ” Yes ” – Yahoo Finance” published on June 03, 2019 as well as Finance.Yahoo.com‘s news article titled: “Is Malibu Boats, Inc. (NASDAQ:MBUU) A Volatile Stock? – Yahoo Finance” with publication date: July 02, 2019.