Emerald Advisers LLC Has $796,000 Holdings in Malibu Boats Inc (NASDAQ:MBUU)

Emerald Advisers LLC boosted its holdings in Malibu Boats Inc (NASDAQ:MBUU) by 7.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,497 shares of the company’s stock after buying an additional 1,382 shares during the quarter. Emerald Advisers LLC’s holdings in Malibu Boats were worth $796,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Hillcrest Asset Management LLC boosted its stake in shares of Malibu Boats by 35.2% during the first quarter. Hillcrest Asset Management LLC now owns 282,596 shares of the company’s stock valued at $11,185,000 after purchasing an additional 73,565 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of Malibu Boats by 88.7% during the fourth quarter. Deutsche Bank AG now owns 108,846 shares of the company’s stock valued at $3,786,000 after purchasing an additional 51,162 shares in the last quarter. Clark Capital Management Group Inc. acquired a new stake in shares of Malibu Boats during the first quarter valued at about $1,625,000. Assenagon Asset Management S.A. acquired a new stake in shares of Malibu Boats during the first quarter valued at about $1,525,000. Finally, Artemis Investment Management LLP boosted its stake in shares of Malibu Boats by 19.8% during the second quarter. Artemis Investment Management LLP now owns 230,200 shares of the company’s stock valued at $8,923,000 after purchasing an additional 38,100 shares in the last quarter.

Malibu Boats stock opened at $25.89 on Thursday. The business has a 50 day moving average of $33.62. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.72 and a current ratio of 1.61. The firm has a market capitalization of $555.09 million, a price-to-earnings ratio of 10.27, a P/E/G ratio of 0.68 and a beta of 1.80. Malibu Boats Inc has a one year low of $25.22 and a one year high of $59.57.



A number of brokerages have recently commented on MBUU. BidaskClub lowered Malibu Boats from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 24th. B. Riley set a $62.00 price target on Malibu Boats and gave the company a “buy” rating in a research note on Friday, July 19th. Zacks Investment Research lowered Malibu Boats from a “buy” rating to a “hold” rating in a research note on Saturday, July 20th. Raymond James lowered Malibu Boats from a “strong-buy” rating to a “market perform” rating in a research note on Monday, July 22nd. Finally, SunTrust Banks cut their price target on Malibu Boats to $48.00 and set a “buy” rating on the stock in a research note on Monday, June 17th. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $53.29.

About Malibu Boats

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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Institutional Ownership by Quarter for Malibu Boats (NASDAQ:MBUU)

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