Surf Cat

Malibu Boats Inc (NASDAQ:MBUU) shares shot up 12.7% during trading on Thursday . The stock traded as high as $39.68 and last traded at $38.01, 844,824 shares changed hands during trading. An increase of 273% from the average session volume of 226,798 shares. The stock had previously closed at $33.72.

A number of research firms have recently issued reports on MBUU. BidaskClub upgraded Malibu Boats from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. ValuEngine downgraded Malibu Boats from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. KeyCorp dropped their price target on Malibu Boats from $53.00 to $48.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Raymond James downgraded Malibu Boats from a “strong-buy” rating to a “market perform” rating in a research note on Monday, July 22nd. Finally, BMO Capital Markets dropped their price target on Malibu Boats from $62.00 to $52.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $47.83.

The stock has a market capitalization of $675.66 million, a PE ratio of 10.36, a P/E/G ratio of 0.88 and a beta of 1.80. The company has a current ratio of 1.69, a quick ratio of 0.79 and a debt-to-equity ratio of 0.54. The stock has a 50 day moving average price of $31.86 and a 200-day moving average price of $34.21.

Malibu Boats (NASDAQ:MBUU) last released its quarterly earnings results on Thursday, August 29th. The company reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.15. The firm had revenue of $194.82 million for the quarter, compared to the consensus estimate of $185.75 million. Malibu Boats had a return on equity of 44.28% and a net margin of 9.66%. The company’s revenue for the quarter was up 40.5% on a year-over-year basis. During the same period last year, the business posted $0.76 EPS. Research analysts forecast that Malibu Boats Inc will post 3.76 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in MBUU. Advisor Group Inc. boosted its stake in shares of Malibu Boats by 111.1% in the 2nd quarter. Advisor Group Inc. now owns 859 shares of the company’s stock worth $33,000 after buying an additional 452 shares during the last quarter. Aperio Group LLC bought a new position in Malibu Boats in the 2nd quarter worth $36,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Malibu Boats in the 2nd quarter worth $68,000. SG Americas Securities LLC bought a new position in Malibu Boats in the 3rd quarter worth $146,000. Finally, First Quadrant L P CA bought a new position in Malibu Boats in the 3rd quarter worth $196,000.

Malibu Boats Company Profile (NASDAQ:MBUU)

Malibu Boats, Inc designs, manufactures, distributes, markets, and sells recreational powerboats. The company offers performance sport boats under the Malibu and Axis brand names; and sterndrives and outboard boats under the Cobalt brand name. Its boats are used for water sports, including water skiing, wakeboarding, and wake surfing, as well as general recreational boating.

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