Malibu Boats, Inc. (MBUU) Is At $33.57 Formed Wedge; Vertex One Asset Management Lowered Its Manulife Finl (MFC) Stake

Manulife Financial Corporation (NYSE:MFC) Logo

Malibu Boats, Inc. (MBUU) formed wedge up with $34.58 target or 3.00% above today’s $33.57 share price. Malibu Boats, Inc. (MBUU) has $724.80M valuation. The stock decreased 0.15% or $0.05 during the last trading session, reaching $33.57. About 202,697 shares traded. Malibu Boats, Inc. (NASDAQ:MBUU) has risen 55.32% since April 9, 2017 and is uptrending. It has outperformed by 43.77% the S&P500.

Vertex One Asset Management Inc decreased Manulife Finl Corp (MFC) stake by 49.77% reported in 2017Q4 SEC filing. Vertex One Asset Management Inc sold 25,434 shares as Manulife Finl Corp (MFC)’s stock declined 12.62%. The Vertex One Asset Management Inc holds 25,673 shares with $536,000 value, down from 51,107 last quarter. Manulife Finl Corp now has $35.22 billion valuation. The stock decreased 2.15% or $0.4 during the last trading session, reaching $18.21. About 2.35 million shares traded. Manulife Financial Corporation (NYSE:MFC) has risen 4.92% since April 9, 2017 and is uptrending. It has underperformed by 6.63% the S&P500.

Since December 11, 2017, it had 0 insider buys, and 2 selling transactions for $1.76 million activity. 15,000 shares were sold by Gasper Dan L., worth $512,250 on Friday, February 16. The insider Springer Jackie D. Jr. sold 40,000 shares worth $1.25 million.

Analysts await Malibu Boats, Inc. (NASDAQ:MBUU) to report earnings on May, 2. They expect $0.70 earnings per share, up 45.83% or $0.22 from last year’s $0.48 per share. MBUU’s profit will be $15.11 million for 11.99 P/E if the $0.70 EPS becomes a reality. After $0.51 actual earnings per share reported by Malibu Boats, Inc. for the previous quarter, Wall Street now forecasts 37.25% EPS growth.

Among 8 analysts covering Malibu Boats (NASDAQ:MBUU), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Malibu Boats has $40.0 highest and $24 lowest target. $35.68’s average target is 6.29% above currents $33.57 stock price. Malibu Boats had 19 analyst reports since August 11, 2015 according to SRatingsIntel. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Monday, February 12 report. As per Tuesday, September 22, the company rating was upgraded by Zacks. The stock of Malibu Boats, Inc. (NASDAQ:MBUU) earned “Buy” rating by SunTrust on Friday, February 9. The stock has “Buy” rating by Aegis Capital on Monday, October 2. The stock has “Overweight” rating by KeyBanc Capital Markets on Tuesday, August 11. BMO Capital Markets maintained the stock with “Buy” rating in Monday, February 12 report. B. Riley & Co downgraded Malibu Boats, Inc. (NASDAQ:MBUU) on Monday, August 28 to “Neutral” rating. Wells Fargo maintained the stock with “Buy” rating in Wednesday, November 8 report. BMO Capital Markets maintained the shares of MBUU in report on Monday, November 13 with “Outperform” rating. The stock of Malibu Boats, Inc. (NASDAQ:MBUU) has “Buy” rating given on Monday, September 11 by BMO Capital Markets.

Investors sentiment decreased to 1.15 in 2017 Q4. Its down 0.36, from 1.51 in 2017Q3. It dropped, 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. Legal And General Grp Public Ltd owns 4,692 shares for 0% of their portfolio. Raymond James Fincl Inc has 9,344 shares for 0% of their portfolio. 151,394 were accumulated by Gsa Cap Partners Limited Liability Partnership. Voya Inv Mgmt Llc owns 0.02% invested in Malibu Boats, Inc. (NASDAQ:MBUU) for 243,599 shares. Thomson Horstmann Bryant Incorporated reported 0.49% in Malibu Boats, Inc. (NASDAQ:MBUU). Lazard Asset Mgmt Ltd Limited Liability Company owns 1.52M shares for 0.09% of their portfolio. Principal Fin owns 8,535 shares. Ranger Inv Mngmt L P invested in 89,580 shares. Hotchkis Wiley Cap Ltd Llc accumulated 0% or 28,359 shares. Stratos Wealth Prns, Ohio-based fund reported 2,761 shares. Arrow Financial Corporation reported 400 shares. Chicago Equity Prtnrs Lc stated it has 0.12% in Malibu Boats, Inc. (NASDAQ:MBUU). Stone Ridge Asset Mngmt Lc reported 20,584 shares. Sei has invested 0.01% in Malibu Boats, Inc. (NASDAQ:MBUU). 185,910 were reported by Geode Cap Mgmt Lc.

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