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American Century Companies Inc. has $23.72M position in Malibu Boats, Inc. (NASDAQ:MBUU)

American Century Companies Inc. reduced its position in Malibu Boats, Inc. (NASDAQ:MBUU – Free Report) by 39.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 676,979 shares of the company’s stock after selling 448,966 shares during the quarter. American Century Companies Inc. owned 3.31% of Malibu Boats worth $23,721,000 as of its most recent SEC filing.

A number of other hedge funds have recently made changes to their positions in MBUU. Studio Investment Management LLC boosted its holdings in Malibu Boats by 264.4% during the 2nd quarter. Studio Investment Management LLC now owns 707 shares of the company’s stock worth $25,000 after purchasing an additional 513 shares during the period. EntryPoint Capital LLC bought a new stake in Malibu Boats in the first quarter valued at about $84,000. SG Americas Securities LLC purchased a new stake in Malibu Boats during the 2nd quarter valued at about $139,000. Central Pacific Bank Trust Division acquired a new stake in Malibu Boats in the first quarter valued at approximately $142,000. Finally, Benjamin Edwards Inc. boosted its holdings in Malibu Boats by 36.5% in the first quarter. Benjamin Edwards Inc. now owns 3,573 shares of the company’s stock worth $155,000 after buying an additional 955 shares in the last quarter. 91.35% of shares are owned by institutional investors and hedge funds.

Malibu Boats Price Performance

Shares of Malibu Boats opened at $39.95 on Friday. The company has a 50-day simple moving average of $36.23 and a 200-day simple moving average of $36.80. The firm has a market cap of $816.58 million, a price-to-earnings ratio of -14.96 and a beta of 1.38. Malibu Boats, Inc. has a one year low of $30.20 and a one year high of $56.03.

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Malibu Boats (NASDAQ:MBUU – Get Your Free Report ) last released its quarterly earnings data on Thursday, August 29th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.07). Malibu Boats had a negative net margin of 6.74% and a positive return on equity of 6.21%. The firm had revenue of $158.70 million for the quarter, compared to the consensus estimate of $157.54 million. In the same quarter last year, the firm earned $2.96 EPS. The company’s revenue was down 57.4% compared to the same quarter last year. On average, sell-side analysts expect that Malibu Boats, Inc. to post 1.98 EPS for the current year.

Analysts set new price targets

Several equities research analysts have recently weighed in on the stock. DA Davidson reiterated a “buy” rating and set a $45.00 price objective on shares of Malibu Boats in a research report on Tuesday, September 10th. Truist Financial reissued a “hold” rating and issued a $32.00 price objective on shares of Malibu Boats in a research report on Monday, July 8th. B. Riley cut their price target on Malibu Boats from $39.00 to $35.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Finally, StockNews.com downgraded Malibu Boats from a “hold” rating to a “sell” rating in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Malibu Boats currently has an average rating of “Hold” and an average price target of $40.00, according to MarketBeat.com.

Read the latest research report on Malibu boats

About Malibu Boats

(Free report)

Malibu Boats, Inc designs, engineers, manufactures, markets and sells a range of recreational powerboats. It operates through three segments: Malibu, Saltwater Fishing and Cobalt. The company supplies performance sport boats and inboard boats and outboards under the Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes and Cobalt brands.

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Want to see what other hedge funds MBUU owns? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Malibu Boats, Inc. (NASDAQ:MBUU – Free Report).

Quarterly Institutional Ownership of Malibu Boats (NASDAQ:MBUU)

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