Could Malibu Boats, Inc. (MBUU) Go Up? The Stock Formed Bullish Wedge Up Chart Pattern

April 21, 2018 - By Hazel Jackson

Malibu Boats, Inc. (NASDAQ:MBUU) Logo

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.
Amer Incorporated owns 13,725 shares or 0% of their US portfolio. Rhumbline Advisers owns 17,965 shares for 0% of their portfolio. Morgan Stanley owns 68,803 shares. Geode Capital Mgmt Ltd Llc owns 185,910 shares or 0% of their US portfolio. Qs Investors Ltd Llc invested in 0.01% or 49,808 shares. Victory Capital Management holds 54,616 shares or 0% of its portfolio. Hillcrest Asset Mngmt Lc reported 1.87% stake. Eam Investors Lc has 0.26% invested in Malibu Boats, Inc. (NASDAQ:MBUU). Guggenheim Capital Llc invested in 0% or 46,202 shares. Cypress Capital Limited Liability Company (Wy) has invested 0% in Malibu Boats, Inc. (NASDAQ:MBUU). Landscape Capital Mgmt Ltd Liability holds 0.05% in Malibu Boats, Inc. (NASDAQ:MBUU) or 19,804 shares. The Georgia-based Voya Invest Management Limited Liability Corporation has invested 0.02% in Malibu Boats, Inc. (NASDAQ:MBUU). Parallax Volatility Advisers Lp holds 0% or 5,126 shares in its portfolio. Citigroup has 22,852 shares. First Limited Partnership reported 18,160 shares.

Since December 11, 2017, it had 0 insider purchases, and 2 insider sales for $1.76 million activity. The insider Gasper Dan L. sold 15,000 shares worth $512,250.

The stock of Malibu Boats, Inc. (MBUU) formed an up wedge with $35.67 target or 6.00 % above today’s $33.65 share price. The 7 months wedge indicates low risk for the $726.53 million company. If the $35.67 price target is reached, the company will be worth $43.59 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 0.66% or $0.22 during the last trading session, reaching $33.65. About 108,903 shares traded. Malibu Boats, Inc. (NASDAQ:MBUU) has risen 55.32% since April 21, 2017 and is uptrending. It has outperformed by 43.77% the S&P500.

Analysts await Malibu Boats, Inc. (NASDAQ:MBUU) to report earnings on May, 2 before the open. 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 12.02 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

Among 6 analysts covering Malibu Boats (NASDAQ:MBUU), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Malibu Boats had 9 analyst reports since November 8, 2017 according to SRatingsIntel. The rating was maintained by BMO Capital Markets with “Outperform” on Monday, November 13. B. Riley & Co maintained it with “Neutral” rating and $29.5 target in Wednesday, November 8 report. As per Monday, February 12, the company rating was maintained by B. Riley & Co. As per Wednesday, November 8, the company rating was maintained by Wells Fargo. The company was maintained on Monday, February 12 by BMO Capital Markets. The stock has “Buy” rating by SunTrust on Friday, February 9. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Monday, February 12. KeyBanc Capital Markets maintained the shares of MBUU in report on Friday, February 9 with “Buy” rating.

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

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