Malibu Boats (MBUU) Receiving Somewhat Favorable Media Coverage, Analysis Finds

Media coverage about Malibu Boats (NASDAQ:MBUU) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Malibu Boats earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.2584555301682 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the media stories that may have impacted Accern’s analysis:

Several research analysts recently issued reports on MBUU shares. ValuEngine lowered shares of Malibu Boats from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Aegis initiated coverage on shares of Malibu Boats in a research report on Monday, October 2nd. They set a “buy” rating and a $37.00 price target for the company. SunTrust Banks restated a “buy” rating and set a $32.00 price target (up from $30.00) on shares of Malibu Boats in a research report on Friday, September 8th. BMO Capital Markets restated a “buy” rating and set a $32.00 price target on shares of Malibu Boats in a research report on Friday, October 13th. Finally, KeyCorp restated a “buy” rating and set a $31.00 price target on shares of Malibu Boats in a research report on Friday, October 20th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $32.31.

Malibu Boats (NASDAQ:MBUU) traded down $0.06 during trading on Monday, hitting $28.64. 283,600 shares of the stock were exchanged, compared to its average volume of 194,205. The company has a current ratio of 1.46, a quick ratio of 0.71 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $597.89, a price-to-earnings ratio of 17.05, a P/E/G ratio of 0.98 and a beta of 1.00. Malibu Boats has a one year low of $17.17 and a one year high of $33.35.

In other news, CEO Jackie D. Jr. Springer sold 40,000 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $31.20, for a total transaction of $1,248,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Wayne R. Wilson sold 35,000 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $31.20, for a total transaction of $1,092,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 131,497 shares of company stock valued at $3,964,297. 3.50% of the stock is currently owned by company insiders.

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About Malibu Boats

Malibu Boats, Inc is a designer, manufacturer and marketer of performance sport boats. The Company’s segments include the U.S. and Australia. Each segment is engaged in the manufacturing, distribution, marketing and sale of performance sport boats. Its U.S. segment serves markets in North America, South America, Europe and Asia.

Insider Buying and Selling by Quarter for Malibu Boats (NASDAQ:MBUU)

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