BlackRock Amends Malibu Boats Stake, Signals Continued Institutional Interest

TL;DR

**BlackRock updated its Malibu Boats stake, showing continued institutional ownership.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, indicating its ownership of Malibu Boats Inc. Class A Common Stock as of December 31, 2023. This filing, Amendment No. 7, updates their previous disclosures regarding their stake in the boat manufacturer. For investors, this matters because BlackRock is a major institutional investor, and changes in their reported holdings can signal their confidence (or lack thereof) in Malibu Boats' future performance.

Why It Matters

This filing shows BlackRock, a major institutional investor, continues to hold a significant position in Malibu Boats, which can be seen as a vote of confidence in the company's long-term prospects.

Risk Assessment

Risk Level: low — This is a routine update from a large institutional investor and does not inherently signal significant risk for the company.

Analyst Insight

An investor might view BlackRock's continued presence as a positive signal, suggesting stability in institutional interest, but should still conduct their own due diligence on Malibu Boats' fundamentals.

Key Players & Entities

• BlackRock Inc. (company) — the reporting person and institutional investor
• Malibu Boats Inc. (company) — the subject company whose securities are being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• January 25, 2024 (date) — the filing date of the SC 13G/A
• Amendment No. 7 (number) — the specific amendment number of the filing

Forward-Looking Statements

• BlackRock will maintain a significant stake in Malibu Boats Inc. for the foreseeable future. (BlackRock Inc.) — medium confidence, target: December 31, 2024

FAQ

From the Filing

0001086364-24-003793.txt : 20240125 0001086364-24-003793.hdr.sgml : 20240125 20240125165928 ACCESSION NUMBER: 0001086364-24-003793 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240125 DATE AS OF CHANGE: 20240125 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MALIBU BOATS, INC. CENTRAL INDEX KEY: 0001590976 STANDARD INDUSTRIAL CLASSIFICATION: SHIP & BOAT BUILDING & REPAIRING [3730] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-87995 FILM NUMBER: 24563005 BUSINESS ADDRESS: STREET 1: 5075 KIMBERLY WAY CITY: LOUDON STATE: TN ZIP: 37774 BUSINESS PHONE: 865-458-5478 MAIL ADDRESS: STREET 1: 5075 KIMBERLY WAY CITY: LOUDON STATE: TN ZIP: 37774 FORMER COMPANY: FORMER CONFORMED NAME: Malibu Boats, Inc. DATE OF NAME CHANGE: 20131104 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us56117j1007_012524.txt us56117j1007_012524.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 7) MALIBU BOATS INC -------------------------------------------------------- (Name of Issuer) Class A Common Stock -------------------------------------------------------- (Title of Class of Securities) 56117J100 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 56117J100 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 1592381 (6) Shared voting power 0 (7) Sole dispositive power 1630712 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 1630712 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 8.0% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- MALIBU BOATS INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 5075 KIMBERLY WAY LOUDON TN 37774 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal bus