Malibu Boats Target of Unusually Large Options Trading (NASDAQ:MBUU)

Malibu Boats, Inc. (NASDAQ:MBUU) was the target of some unusual options trading on Wednesday. Investors purchased 2,351 call options on the company. This represents an increase of approximately 1,876% compared to the typical volume of 119 call options.

A number of hedge funds and other institutional investors have recently modified their holdings of MBUU. Bank of New York Mellon Corp increased its stake in Malibu Boats by 6.8% during the second quarter. Bank of New York Mellon Corp now owns 108,544 shares of the company’s stock worth $5,639,000 after acquiring an additional 6,930 shares during the last quarter. American International Group Inc. grew its stake in shares of Malibu Boats by 4.0% during the second quarter. American International Group Inc. now owns 12,560 shares of the company’s stock valued at $652,000 after buying an additional 481 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Malibu Boats by 4.5% during the second quarter. Vanguard Group Inc. now owns 1,130,146 shares of the company’s stock valued at $58,711,000 after buying an additional 48,236 shares during the last quarter. Balyasny Asset Management LLC bought a new position in shares of Malibu Boats during the second quarter valued at approximately $801,000. Finally, Tudor Investment Corp Et Al bought a new position in shares of Malibu Boats during the second quarter valued at approximately $526,000. 80.56% of the stock is currently owned by institutional investors.

MBUU has been the subject of a number of recent research reports. B. Riley lifted their price objective on Malibu Boats from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday. They noted that the move was a valuation call. BMO Capital Markets raised Malibu Boats from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $56.00 to $86.00 in a report on Wednesday. Robert W. Baird raised Malibu Boats from a “neutral” rating to an “outperform” rating and set a $64.00 target price for the company in a report on Tuesday, September 22nd. ValuEngine lowered Malibu Boats from a “sell” rating to a “strong sell” rating in a report on Thursday, January 7th. Finally, BidaskClub lowered Malibu Boats from a “hold” rating to a “sell” rating in a report on Wednesday, October 28th. Two equities research analysts have rated the stock with a sell rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $69.00.

Shares of Malibu Boats stock opened at $73.58 on Thursday. The stock’s 50-day simple moving average is $62.55 and its 200-day simple moving average is $56.35. Malibu Boats has a 52 week low of $18.02 and a 52 week high of $81.81. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 22.99 and a beta of 1.92. The company has a quick ratio of 0.92, a current ratio of 1.74 and a debt-to-equity ratio of 0.26.

Malibu Boats (NASDAQ:MBUU) last posted its earnings results on Wednesday, November 11th. The company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.25. Malibu Boats had a return on equity of 28.93% and a net margin of 10.09%. The company had revenue of $181.00 million for the quarter, compared to the consensus estimate of $178.94 million. During the same period in the previous year, the business earned $0.83 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities analysts expect that Malibu Boats will post 4.72 earnings per share for the current year.

Malibu Boats Company Profile

Malibu Boats, Inc designs, manufactures, distributes, markets, and sells a range of recreational powerboats. It operates through three segments: Malibu, Cobalt, and Pursuit. The company offers performance sport boats, and sterndrive and outboard boats under the Malibu, Axis, Cobalt, and Pursuit brands.

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