Campbell & CO Investment Adviser LLC Takes Position in Malibu Boats, Inc. (NASDAQ:MBUU)

Campbell & CO Investment Adviser LLC purchased a new stake in shares of Malibu Boats, Inc. (NASDAQ:MBUU – Get Rating) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 12,210 shares of the company’s stock, valued at approximately $651,000. Campbell & CO Investment Adviser LLC owned about 0.06% of Malibu Boats at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in MBUU. Millennium Management LLC bought a new position in shares of Malibu Boats during the second quarter valued at approximately $9,260,000. Bessemer Group Inc. boosted its stake in shares of Malibu Boats by 181.7% during the third quarter. Bessemer Group Inc. now owns 136,884 shares of the company’s stock valued at $6,569,000 after purchasing an additional 88,284 shares in the last quarter. UBS Group AG boosted its stake in shares of Malibu Boats by 374.2% during the fourth quarter. UBS Group AG now owns 102,207 shares of the company’s stock valued at $5,448,000 after purchasing an additional 80,654 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC bought a new position in shares of Malibu Boats during the third quarter valued at approximately $2,566,000. Finally, Epoch Investment Partners Inc. boosted its stake in shares of Malibu Boats by 28.2% during the fourth quarter. Epoch Investment Partners Inc. now owns 210,101 shares of the company’s stock valued at $11,198,000 after purchasing an additional 46,252 shares in the last quarter. 93.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on MBUU. Truist Financial decreased their target price on shares of Malibu Boats from $72.00 to $68.00 in a research report on Thursday, May 4th. StockNews.com began coverage on shares of Malibu Boats in a research report on Thursday, May 18th. They set a “buy” rating for the company. KeyCorp assumed coverage on shares of Malibu Boats in a research report on Wednesday, April 19th. They set an “overweight” rating and a $65.00 target price for the company. Finally, DA Davidson raised their price target on shares of Malibu Boats from $60.00 to $64.00 in a report on Friday, May 5th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Malibu Boats presently has an average rating of “Moderate Buy” and an average price target of $70.43.

Malibu Boats Stock Performance

MBUU stock traded down $0.23 during midday trading on Monday, hitting $59.70. 177,810 shares of the stock traded hands, compared to its average volume of 123,887. The firm has a market cap of $1.23 billion, a P/E ratio of 7.23 and a beta of 1.59. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.09 and a quick ratio of 0.83. The stock’s fifty day simple moving average is $55.28 and its 200-day simple moving average is $56.78. Malibu Boats, Inc. has a 1-year low of $46.30 and a 1-year high of $70.87.

Malibu Boats Company Profile

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Malibu Boats, Inc is a holding company, which engages in the design, manufacture, and marketing of recreational powerboats. It offers performance sport boats, sterndrive, and outboard boats under the Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes and Cobalt brands. The firm operates through the following segments: Malibu, Saltwater Fishing and Cobalt.

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