What Next for Malibu Boats Class A (NASDAQ:MBUU) Stock After Decrease in Shorted Shares?

February 15, 2018 - By Stephen Andrade

 What Next for Malibu Boats Class A (NASDAQ:MBUU) Stock After Decrease in Shorted Shares?

Investors sentiment increased to 1.51 in Q3 2017. Its up 0.18, from 1.33 in 2017Q2. It improved, as 10 investors sold Malibu Boats, Inc. shares while 39 reduced holdings. 27 funds opened positions while 47 raised stakes. 20.25 million shares or 11.45% more from 18.17 million shares in 2017Q2 were reported.
Navellier Associates owns 10,044 shares. 570,481 were accumulated by Punch Associates Inv Mngmt. Comml Bank Of Montreal Can accumulated 0% or 14,055 shares. Globeflex Cap L P reported 48,480 shares or 0.44% of all its holdings. Metropolitan Life Ny reported 13,158 shares or 0% of all its holdings. Moreover, Lord Abbett & Ltd has 0.04% invested in Malibu Boats, Inc. (NASDAQ:MBUU). Alliancebernstein Limited Partnership has invested 0% in Malibu Boats, Inc. (NASDAQ:MBUU). Ny State Teachers Retirement System reported 0% of its portfolio in Malibu Boats, Inc. (NASDAQ:MBUU). Schwab Charles Investment Mgmt, a California-based fund reported 72,898 shares. Rhumbline Advisers accumulated 20,107 shares. Guggenheim Capital Limited Liability Company has 0% invested in Malibu Boats, Inc. (NASDAQ:MBUU). 37,000 are owned by Neuberger Berman Grp Ltd Liability Company. Alphaone Invest Service Llc accumulated 2,768 shares or 0.02% of the stock. Smith Asset Grp Inc Lp holds 0.15% of its portfolio in Malibu Boats, Inc. (NASDAQ:MBUU) for 146,640 shares. Spark Investment Limited Com holds 277,300 shares.

Since December 11, 2017, it had 0 buys, and 1 insider sale for $1.25 million activity.

The stock of Malibu Boats Class A (NASDAQ:MBUU) registered a decrease of 2.47% in short interest. MBUU’s total short interest was 1.71 million shares in February as published by FINRA. Its down 2.47% from 1.75M shares, reported previously. With 309,400 shares average volume, it will take short sellers 6 days to cover their MBUU’s short positions. The short interest to Malibu Boats Class A’s float is 9.74%.

The stock decreased 1.47% or $0.51 during the last trading session, reaching $34.21. About 175,421 shares traded. Malibu Boats, Inc. (NASDAQ:MBUU) has risen 77.33% since February 15, 2017 and is uptrending. It has outperformed by 60.63% the S&P500.

Malibu Boats, Inc. designs, manufactures, distributes, markets, and sells recreational powerboats. The company has market cap of $738.62 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 37.97 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) Ratings Coverage

Among 8 analysts covering Malibu Boats (NASDAQ:MBUU), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Malibu Boats had 19 analyst reports since August 11, 2015 according to SRatingsIntel. As per Thursday, February 25, the company rating was initiated by B. Riley & Co. The firm has “Buy” rating by BMO Capital Markets given on Monday, February 12. B. Riley & Co maintained it with “Neutral” rating and $32.25 target in Monday, February 12 report. The company was upgraded on Tuesday, September 22 by Zacks. The rating was maintained by Wells Fargo on Wednesday, November 8 with “Buy”. BMO Capital Markets upgraded the stock to “Buy” rating in Monday, September 11 report. The firm earned “Hold” rating on Tuesday, July 4 by BMO Capital Markets. The firm has “Buy” rating given on Friday, February 9 by KeyBanc Capital Markets. The stock of Malibu Boats, Inc. (NASDAQ:MBUU) has “Neutral” rating given on Monday, August 28 by B. Riley & Co. KeyBanc Capital Markets maintained the shares of MBUU in report on Monday, February 12 with “Overweight” rating.

Another recent and important Malibu Boats, Inc. (NASDAQ:MBUU) news was published by Seekingalpha.com which published an article titled: “Malibu Boats’ (MBUU) CEO Jack Springer on Q2 2018 Results – Earnings Call …” on February 09, 2018.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.