Kendall Capital Management increased its stake in Malibu Boats, Inc. by 56.3% in Q4, while the company's shares have dropped over 50% since March 2021.
Kendall Capital Management increased its position in Malibu Boats, Inc. (NASDAQ:MBUU) by 56.3% in Q4, owning 10,283 shares worth $564,000. Other institutional investors, such as BlackRock and Vanguard Group, have also adjusted their stakes in the company. Malibu Boats' shares have fallen more than 50% since their March 2021 high, with FY24 non-GAAP earnings expected to decline nearly 70% due to a slowdown and reduced sales.
April 11, 2024
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