After Making 52-Week High, Is Malibu Boats, Inc. (MBUU)’s Near-Term Analysis Positive?

May 17, 2018 - By Paula Hilliard

Malibu Boats, Inc. (NASDAQ:MBUU) Logo

Investors sentiment decreased to 1.15 in 2017 Q4. Its down 0.36, from 1.51 in 2017Q3. It is negative, as 14 investors sold Malibu Boats, Inc. shares while 47 reduced holdings. 27 funds opened positions while 43 raised stakes. 20.31 million shares or 0.29% more from 20.25 million shares in 2017Q3 were reported.
32,119 were reported by California State Teachers Retirement Sys. Northern Tru Corporation accumulated 276,357 shares or 0% of the stock. Cypress Cap Management Ltd (Wy) has invested 0% of its portfolio in Malibu Boats, Inc. (NASDAQ:MBUU). Employees Retirement Of Texas stated it has 40,000 shares or 0.02% of all its holdings. The Ohio-based Employees Retirement Of Ohio has invested 0% in Malibu Boats, Inc. (NASDAQ:MBUU). 10,100 are owned by Fmr Limited Liability Com. Arrow Financial Corp reported 0% stake. Susquehanna Intl Llp invested in 18,045 shares. Bnp Paribas Arbitrage reported 0% of its portfolio in Malibu Boats, Inc. (NASDAQ:MBUU). Bancshares Of New York Mellon Corp reported 0% stake. Sg Americas Secs Ltd Company owns 14,528 shares. Parallax Volatility Advisers Limited Partnership holds 0% or 5,126 shares in its portfolio. Us Natl Bank De invested in 0% or 1,203 shares. Pnc Svcs Group accumulated 81 shares. Smith Asset Group Limited Partnership holds 0.12% or 125,050 shares.

Since December 11, 2017, it had 0 buys, and 2 sales for $1.76 million activity. On Friday, February 16 Gasper Dan L. sold $512,250 worth of Malibu Boats, Inc. (NASDAQ:MBUU) or 15,000 shares.

The stock of Malibu Boats, Inc. (NASDAQ:MBUU) hit a new 52-week high and has $46.34 target or 7.00 % above today’s $43.31 share price. The 8 months bullish chart indicates low risk for the $935.12 million company. The 1-year high was reported on May, 17 by Barchart.com. If the $46.34 price target is reached, the company will be worth $65.46 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.

The stock decreased 0.78% or $0.34 during the last trading session, reaching $43.31. About 76,732 shares traded. Malibu Boats, Inc. (NASDAQ:MBUU) has risen 55.32% since May 17, 2017 and is uptrending. It has outperformed by 43.77% the S&P500.

Analysts await Malibu Boats, Inc. (NASDAQ:MBUU) to report earnings on September, 6. They expect $0.57 EPS, up 35.71 % or $0.15 from last year’s $0.42 per share. MBUU’s profit will be $12.31 million for 19.00 P/E if the $0.57 EPS becomes a reality. After $0.87 actual EPS reported by Malibu Boats, Inc. for the previous quarter, Wall Street now forecasts -34.48 % negative EPS growth.

Malibu Boats, Inc. (NASDAQ:MBUU) Ratings Coverage

Among 5 analysts covering Malibu Boats (NASDAQ:MBUU), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Malibu Boats had 9 analyst reports since February 9, 2018 according to SRatingsIntel. As per Sunday, April 22, the company rating was maintained by KeyBanc Capital Markets. The stock of Malibu Boats, Inc. (NASDAQ:MBUU) has “Hold” rating given on Thursday, May 3 by Wells Fargo. The stock has “Overweight” rating by KeyBanc Capital Markets on Thursday, May 3. BMO Capital Markets maintained Malibu Boats, Inc. (NASDAQ:MBUU) rating on Thursday, May 3. BMO Capital Markets has “Outperform” rating and $48 target. SunTrust maintained Malibu Boats, Inc. (NASDAQ:MBUU) on Friday, February 9 with “Buy” rating. B. Riley & Co maintained Malibu Boats, Inc. (NASDAQ:MBUU) rating on Monday, February 12. B. Riley & Co has “Neutral” rating and $32.25 target. The firm earned “Buy” rating on Friday, February 9 by KeyBanc Capital Markets. The stock of Malibu Boats, Inc. (NASDAQ:MBUU) earned “Buy” rating by BMO Capital Markets on Monday, February 12. KeyBanc Capital Markets maintained the shares of MBUU in report on Monday, February 12 with “Overweight” rating.

More recent Malibu Boats, Inc. (NASDAQ:MBUU) news were published by: Seekingalpha.com which released: “Malibu Boats Keeps Speeding Along” on May 06, 2018. Also Benzinga.com published the news titled: “Malibu Boats Earnings Preview” on May 01, 2018. Globenewswire.com‘s news article titled: “Market Trends Toward New Normal in City Office REIT, Malibu Boats, Vical, Renasant, Genocea Biosciences, and …” with publication date: May 02, 2018 was also an interesting one.

Malibu Boats, Inc. designs, manufactures, distributes, markets, and sells recreational powerboats. The company has market cap of $935.12 million. The firm offers performance sport boats under the Malibu and Axis brand names; and sterndrives and outboard boats under the Cobalt brand name. It has a 48.07 P/E ratio. The Company’s boats are used for water sports, including water skiing, wakeboarding, and wake surfing, as well as general recreational boating.

Malibu Boats, Inc. (NASDAQ:MBUU) Institutional Positions Chart

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