Malibu Boats, Inc. (MBUU) Forms Bullish Wedge Up at $35.45

April 16, 2018 - By Carol Mulligan

Malibu Boats, Inc. (NASDAQ:MBUU) Corporate Logo

During Q4 2017 the big money sentiment decreased to 1.15. That’s change of 0.36, from 2017Q3’s 1.51. 14 investors sold all, 47 reduced holdings as Malibu Boats, Inc. ratio worsened. 43 grew positions while 27 funds amassed positions. Funds hold 20.31 million shares thus 0.29% more from 2017Q3’s 20.25 million shares.
Blackrock owns 1.86 million shs for 0% of their capital. Mackenzie Fincl Corp holds 0% or 64,062 shs in its capital. 13,725 are owned by Amer Inc. Invesco has invested 0% of its capital in Malibu Boats, Inc. (NASDAQ:MBUU). Guggenheim Ltd Liability Co has 0% invested in Malibu Boats, Inc. (NASDAQ:MBUU) for 46,202 shs. Schwab Charles Inv Mngmt holds 87,828 shs or 0% of its capital. Renaissance Technology Ltd Company reported 0.02% in Malibu Boats, Inc. (NASDAQ:MBUU). Punch And Assocs Inv Management owns 486,441 shs. Peak6 Invs Lp reported 0% of its capital in Malibu Boats, Inc. (NASDAQ:MBUU). The Us-based Grandeur Peak Advsr Limited Co has invested 0.02% in Malibu Boats, Inc. (NASDAQ:MBUU). The Minnesota-based Ameriprise Financial Inc has invested 0% in Malibu Boats, Inc. (NASDAQ:MBUU). Spark Management Lc has 0.03% invested in Malibu Boats, Inc. (NASDAQ:MBUU). Tiaa Cref Invest Mgmt Llc holds 0% of its capital in Malibu Boats, Inc. (NASDAQ:MBUU) for 47,929 shs. Amer Century Companies Inc holds 0.02% of its capital in Malibu Boats, Inc. (NASDAQ:MBUU) for 654,804 shs. Mckinley Mngmt Lc Delaware reported 195,062 shs.

Malibu Boats, Inc. had 2 sales and 0 insider purchases since December 11, 2017. This’s net activity of $1.76 million. 15,000 Malibu Boats, Inc. (NASDAQ:MBUU) shs with value of $512,250 were sold by Gasper Dan L..

Malibu Boats, Inc. (MBUU)’s chart indicates an up wedge technical pattern with $36.51 price target. That’s 3.00 % above today’s $35.45 price per share. The valuation of MBUU can change by $22.96M if our $36.51 price target is hit.

MBUU reached $35.45 on during the last trading session after $0.4 change.Malibu Boats, Inc. has volume of 19,844 shares. Since April 16, 2017 MBUU has risen 55.32% and is uptrending. MBUU outperformed the S&P500 by 43.77%.

Analysts await Malibu Boats, Inc. (NASDAQ:MBUU) to report earnings on May, 2. They expect $0.70 EPS, up 45.83 % or $0.22 from last year’s $0.48 per share. MBUU’s profit will be $15.11M for 12.66 P/E if the $0.70 EPS becomes a reality. After $0.51 actual EPS reported by Malibu Boats, Inc. for the previous quarter, Wall Street now forecasts 37.25 % EPS growth.

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

Total analysts of 6 have positions in Malibu Boats (NASDAQ:MBUU) as follows: 4 rated it a “Buy”, 0 with “Sell” and 2 with “Hold”. The positive are 67%. Since November 8, 2017 according to StockzIntelligence Inc Malibu Boats has 9 analyst reports. On Monday, February 12 B. Riley & Co maintained Malibu Boats, Inc. (NASDAQ:MBUU) with “Neutral” rating. On Monday, February 12 the stock of Malibu Boats, Inc. (NASDAQ:MBUU) has “Buy” rating given by BMO Capital Markets. On Wednesday, November 8 the rating was maintained by B. Riley & Co with “Neutral”. On Friday, February 9 the stock of Malibu Boats, Inc. (NASDAQ:MBUU) has “Buy” rating given by SunTrust. The company rating was maintained by KeyBanc Capital Markets on Monday, February 12. The stock rating was maintained by BMO Capital Markets with “Outperform” on Monday, November 13. In Wednesday, November 8 report Wells Fargo maintained the stock with “Buy” rating. On Friday, February 9 the firm has “Buy” rating by KeyBanc Capital Markets given.

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

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