Exchange Traded Concepts LLC Decreases Holdings of Malibu Boats,
June 30, 2023
🌥️Trending News
Exchange Traded Concepts LLC recently announced that it has decreased its holdings in Malibu Boats ($NASDAQ:MBUU), Inc. at Defense World. This news has caused some speculation among investors regarding the future of the company. Malibu Boats, Inc. is an American manufacturer of luxury wakeboard and waterski boats, headquartered in Loudon, Tennessee. Malibu Boats also has a strong presence in the recreational marine industry, producing boats for recreational activities such as wakeboarding, surfing, fishing, and cruising.
In addition to producing these vessels, Malibu Boats provides accessories and services such as financing and warranty programs. The recent decrease in holdings by Exchange Traded Concepts LLC has raised some eyebrows, but the company’s long-term outlook remains strong. With a focus on innovation and quality craftsmanship, Malibu Boats continues to be a leader in the recreational marine industry.
Price History
The stock opened at $58.0 and closed at $58.8, up from the prior closing price of 57.9. ETC is just one of numerous institutional investors to divest their stakes in Malibu Boats recently, indicating a bearish sentiment towards the company’s future performance. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Malibu Boats. More…
| Total Revenues | Net Income | Net Margin |
| 1.37k | 169.85 | 12.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Malibu Boats. More…
| Operations | Investing | Financing |
| 153.79 | -58.49 | -116.3 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Malibu Boats. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 882.17 | 248.9 | 27.69 |
Key Ratios Snapshot
Some of the financial key ratios for Malibu Boats are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 23.4% | 29.9% | 16.9% |
| FCF Margin | ROE | ROA |
| 7.0% | 24.3% | 16.4% |
Analysis
At GoodWhale, we have performed a thorough analysis of MALIBU BOATS‘ financials. Our Risk Rating has determined that MALIBU BOATS is a medium risk investment in terms of both financial and business aspects. However, our analysis has resulted in two risk warnings in the income sheet and balance sheet. We suggest registering with us to access further details about these risk warnings. With our help, you can make more informed decisions about investing in MALIBU BOATS. More…
Peers
With the ever-growing popularity of boating, Malibu Boats Inc has seen a lot of competition in recent years from companies such as Marine Products Corp, Samsonite International SA, and Ford Motor Co. While all these companies offer different products, they are all vying for a share of the market.
– Marine Products Corp ($NYSE:MPX)
As of 2022, Marine Products Corporation had a market cap of 290.34 million and a return on equity of 24.62%. The company is involved in the design, manufacture, and sale of recreational boats and related accessories. It offers a range of boat types, including bowriders, cuddies, deck boats, fish and ski boats, and others. Marine Products Corporation operates through a network of dealers and distributors in the United States and Canada.
– Samsonite International SA ($SEHK:01910)
Samsonite International SA is a world leader in the design and manufacture of luggage, travel bags and accessories. Founded in 1910, the company has a rich history of innovation and craftsmanship. Today, Samsonite operates in over 100 countries and employs more than 10,000 people. The company’s products are sold in over 10,000 retail stores worldwide. Samsonite’s market cap is 25.59B as of 2022 and its ROE is 10.69%. The company is a publicly traded company listed on the Hong Kong Stock Exchange.
– Ford Motor Co ($NYSE:F)
The company’s market cap is 50.17B as of 2022. The company’s ROE is 23.7%. The company manufactures and sells automobiles and commercial vehicles under the Ford brand. The company also manufactures and sells luxury vehicles under the Lincoln brand.
Summary
MALIBU BOATS, Inc. has experienced a decrease in its holdings as reported by Exchange Traded Concepts LLC. This decrease comes as the result of a careful analysis of the current market conditions and the company’s financial performance over the past few quarters. This strategic move is part of the company’s long-term strategy of making calculated investments in order to increase shareholder value.
The company is currently focusing on cost-cutting measures, expanding their product portfolio, and improving the quality of service they offer to their customers. Investors should closely monitor this stock as there may still be more potential for growth in the coming quarters.
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