The stock of Malibu Boats Inc (NASDAQ:MBUU) hit a new 52-week high and has $18.97 target or 3.00% above today’s $18.42 share price. The 6 months bullish chart indicates low risk for the $331.75 million company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $18.97 price target is reached, the company will be worth $9.95 million 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. About 78,326 shares traded hands. Malibu Boats Inc (NASDAQ:MBUU) has risen 3.07% since April 21, 2016 and is uptrending. It has underperformed by 2.26% the S&P500.
Analysts await Malibu Boats Inc (NASDAQ:MBUU) to report earnings on February, 1. They expect $0.32 earnings per share, up 10.34% or $0.03 from last year’s $0.29 per share. MBUU’s profit will be $5.76M for 14.39 P/E if the $0.32 EPS becomes a reality. After $0.24 actual earnings per share reported by Malibu Boats Inc for the previous quarter, Wall Street now forecasts 33.33% EPS growth.
Malibu Boats Inc (NASDAQ:MBUU) Ratings Coverage
Out of 4 analysts covering Malibu Boats (NASDAQ:MBUU), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. Malibu Boats has been the topic of 4 analyst reports since August 11, 2015 according to StockzIntelligence Inc. BMO Capital Markets downgraded Malibu Boats Inc (NASDAQ:MBUU) on Tuesday, May 10 to “Market Perform” rating. The firm has “Overweight” rating by KeyBanc Capital Markets given on Tuesday, August 11. On Thursday, February 25 the stock rating was initiated by B. Riley & Co with “Buy”. The rating was upgraded by Zacks on Tuesday, September 22 to “Hold”.
According to Zacks Investment Research, “Malibu Boats, Inc. operates as a designer, manufacturer and marketer of sport boats primarily in the United States. The Company sells its boats under two brands: Malibu and Axis Wake Research. Its sport boats used for water sports including water skiing, wakeboarding and wake surfing as well as for general recreational boating use. Malibu Boats, Inc. is based in Loudon, United States.”
Insitutional Activity: The institutional sentiment increased to 1.97 in 2016 Q2. Its up 0.75, from 1.22 in 2016Q1. The ratio increased, as 11 funds sold all Malibu Boats Inc shares owned while 26 reduced positions. 10 funds bought stakes while 35 increased positions. They now own 16.28 million shares or 2.54% less from 16.71 million shares in 2016Q1.
Counselors Of Maryland Ltd Liability Corp holds 0.21% of its portfolio in Malibu Boats Inc (NASDAQ:MBUU) for 318,500 shares. The United Kingdom-based Legal And General Pcl has invested 0% in Malibu Boats Inc (NASDAQ:MBUU). Cornercap Counsel accumulated 31,750 shares or 0.07% of the stock. Ranger Mgmt L P accumulated 30,550 shares or 0.02% of the stock. Victory Capital Mgmt Inc has 49,729 shares for 0% of their US portfolio. Deutsche Savings Bank Ag has 0% invested in the company for 2,902 shares. Rhumbline Advisers last reported 0% of its portfolio in the stock. State Street Corporation holds 344,196 shares or 0% of its portfolio. Arrowpoint Asset Mgmt Limited Liability Company last reported 278,868 shares in the company. Menta Limited Liability Com owns 54,622 shares or 0.09% of their US portfolio. Emerald Mutual Fund Advisers Tru accumulated 321,408 shares or 0.22% of the stock. Wellington Management Gru Llp has invested 0% of its portfolio in Malibu Boats Inc (NASDAQ:MBUU). Tiaa Cref Investment Ltd accumulated 0% or 57,954 shares. Royal Natl Bank Of Canada has invested 0.01% of its portfolio in Malibu Boats Inc (NASDAQ:MBUU). Penn Cap Mgmt Commerce holds 435,918 shares or 0.3% of its portfolio.
More recent Malibu Boats Inc (NASDAQ:MBUU) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on February 02, 2014. Also Seekingalpha.com published the news titled: “Malibu Boats, Inc.’s (MBUU) CEO Jack Springer on Q1 2017 Results – Earnings …” on November 01, 2016. Quotes.Wsj.com‘s news article titled: “DOW JONES, A NEWS CORP COMPANY” with publication date: January 27, 2014 was also an interesting one.
MBUU Company Profile
Malibu Boats, Inc., incorporated on November 1, 2013, is a designer, maker and marketer of performance sport boats. The Company’s divisions include the U.S. and Australia. Each segment is engaged in the manufacturing, distribution, marketing and sale of performance sport boats. The Company’s U.S. segment serves markets in North America, South America, Europe and Asia. The Company’s Australia segment serves the Australian and New Zealand markets. The Company’s boats are used for water sports, including water skiing, wakeboarding and wake surfing, as well as general recreational boating.
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