Punch & Associates Investment Management Has Lowered Its Malibu Boats (MBUU) Holding; Carrizo Oil & Gas Has 1.57 Sentiment

June 12, 2017 - By Henry Gaston

Punch & Associates Investment Management Inc decreased Malibu Boats Inc (MBUU) stake by 6.78% reported in 2016Q4 SEC filing. Punch & Associates Investment Management Inc sold 40,756 shares as Malibu Boats Inc (MBUU)’s stock rose 7.96%. The Punch & Associates Investment Management Inc holds 560,364 shares with $10.69 million value, down from 601,120 last quarter. Malibu Boats Inc now has $447.74M valuation. It closed at $24.83 lastly. It is down 77.33% since June 12, 2016 and is uptrending. It has outperformed by 60.63% the S&P500.

Carrizo Oil & Gas, Inc. is an energy company. The company has market cap of $1.44 billion. The Firm is engaged in the exploration, development and production of gas and oil from resource plays located in the United States. It currently has negative earnings. The Company’s activities are focused in proven, producing gas and oil plays in the Eagle Ford Shale in South Texas, the Delaware Basin in West Texas, the Utica Shale in Ohio, the Niobrara Formation in Colorado, and the Marcellus Shale in Pennsylvania.

Geosphere Capital Management holds 4.59% of its portfolio in Carrizo Oil & Gas Inc for 107,000 shares. Daruma Capital Management Llc owns 1.19 million shares or 2.52% of their US portfolio. Moreover, Hillcrest Asset Management Llc has 2.3% invested in the company for 313,996 shares. The California-based Bedell Frazier Investment Counseling Llc has invested 2.24% in the stock. Grt Capital Partners L.L.C., a Massachusetts-based fund reported 201,386 shares.

Since January 1, 0001, it had 3 insider buys, and 22 sales for $2.45 million activity.

It closed at $20.54 lastly. It is down 34.05% since June 12, 2016 and is downtrending. It has underperformed by 50.75% the S&P500.

Ratings analysis reveals 50% of Carrizo Oil & Gas’s analysts are positive. Out of 8 Wall Street analysts rating Carrizo Oil & Gas, 4 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $42.0 while the high is $60.0. The stock’s average target of $48.50 is 136.12% above today’s ($20.54) share price. CRZO was included in 9 notes of analysts from September 6, 2016. The company was downgraded on Thursday, October 13 by Credit Suisse. Imperial Capital maintained Carrizo Oil & Gas Inc (NASDAQ:CRZO) rating on Wednesday, October 19. Imperial Capital has “Outperform” rating and $50.0 target. The rating was downgraded by Goldman Sachs on Tuesday, October 18 to “Neutral”. The firm has “Strong Buy” rating by Raymond James given on Tuesday, December 6. The rating was downgraded by Seaport Global Securities to “Neutral” on Friday, December 9. The stock of Carrizo Oil & Gas Inc (NASDAQ:CRZO) earned “Neutral” rating by Mizuho on Thursday, October 6. The stock of Carrizo Oil & Gas Inc (NASDAQ:CRZO) has “Outperform” rating given on Tuesday, September 6 by FBR Capital. The company was downgraded on Tuesday, October 18 by KLR Group. As per Friday, February 24, the company rating was maintained by FBR Capital.

Investors sentiment decreased to 1.41 in Q4 2016. Its down 0.56, from 1.97 in 2016Q3. It dived, as 11 investors sold MBUU shares while 30 reduced holdings. 19 funds opened positions while 39 raised stakes. 16.73 million shares or 3.12% more from 16.23 million shares in 2016Q3 were reported. Envestnet Asset Mgmt Inc, a Illinois-based fund reported 4,008 shares. Mufg Americas Holding, New York-based fund reported 278 shares. Menta Limited Liability Company invested in 0.17% or 109,003 shares. Ny State Common Retirement Fund stated it has 0% in Malibu Boats Inc (NASDAQ:MBUU). Dean Investment Assoc Limited Liability reported 0.37% in Malibu Boats Inc (NASDAQ:MBUU). Nationwide Fund Advisors accumulated 0% or 11,262 shares. Blackrock Ltd Llc accumulated 10,765 shares or 0% of the stock. Wells Fargo And Mn accumulated 147,764 shares. National Bank & Trust Of Montreal Can has 8,742 shares. State Street Corporation stated it has 368,117 shares or 0% of all its holdings. Millennium Ltd Liability Corp holds 136,905 shares or 0.01% of its portfolio. Counselors Of Maryland Limited Liability Co stated it has 280,600 shares. The New York-based Secor Advsr LP has invested 0.07% in Malibu Boats Inc (NASDAQ:MBUU). Numeric Ltd Company stated it has 0% in Malibu Boats Inc (NASDAQ:MBUU). Guggenheim Cap Ltd Llc invested in 71,947 shares.

Since December 16, 2016, it had 0 insider purchases, and 3 sales for $1.57 million activity. $704,689 worth of Malibu Boats Inc (NASDAQ:MBUU) was sold by Wilson Wayne R.. $704,689 worth of Malibu Boats Inc (NASDAQ:MBUU) shares were sold by Anderson Ritchie L..

Among 4 analysts covering Malibu Boats (NASDAQ:MBUU), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Malibu Boats had 4 analyst reports since August 11, 2015 according to SRatingsIntel. The stock has “Overweight” rating by KeyBanc Capital Markets on Tuesday, August 11. On Tuesday, May 10 the stock rating was downgraded by BMO Capital Markets to “Market Perform”. The firm has “Buy” rating by B. Riley & Co given on Thursday, February 25. As per Tuesday, September 22, the company rating was upgraded by Zacks.

Punch & Associates Investment Management Inc increased Calamos Dynamic Conv & Incom stake by 40,250 shares to 579,181 valued at $10.15M in 2016Q4. It also upped Digi Intl Inc (NASDAQ:DGII) stake by 368,915 shares and now owns 1.43M shares. Claymore Exchange Trd Fd Tr (CSD) was raised too.

Analysts await Malibu Boats Inc (NASDAQ:MBUU) to report earnings on September, 6. They expect $0.39 EPS, up 8.33% or $0.03 from last year’s $0.36 per share. MBUU’s profit will be $7.03 million for 15.92 P/E if the $0.39 EPS becomes a reality. After $0.48 actual EPS reported by Malibu Boats Inc for the previous quarter, Wall Street now forecasts -18.75% negative EPS growth.