MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT - Get Free Report) major shareholder Fund L.P. Forager purchased 4,658 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were acquired at an average cost of $15.09 per share, with a total value of $70,289.22. Following the completion of the transaction, the insider now owns 1,702,353 shares in the company, valued at $25,688,506.77. This trade represents a 0.27 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
Fund L.P. Forager also recently made the following trade(s):
- On Thursday, April 17th, Fund L.P. Forager acquired 11,172 shares of MasterCraft Boat stock. The stock was acquired at an average price of $15.82 per share, for a total transaction of $176,741.04.
MasterCraft Boat Price Performance
MCFT stock opened at $16.00 on Friday. The stock has a market capitalization of $268.05 million, a P/E ratio of -40.00 and a beta of 1.34. MasterCraft Boat Holdings, Inc. has a 1-year low of $14.39 and a 1-year high of $23.00. The business has a fifty day moving average price of $17.27 and a 200-day moving average price of $18.38.
MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.04. MasterCraft Boat had a positive return on equity of 3.74% and a negative net margin of 2.29%. As a group, analysts anticipate that MasterCraft Boat Holdings, Inc. will post 0.62 earnings per share for the current year.
Wall Street Analysts Forecast Growth
MCFT has been the topic of a number of analyst reports. Baird R W cut MasterCraft Boat from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Robert W. Baird reissued a "neutral" rating and issued a $20.00 target price (down from $26.00) on shares of MasterCraft Boat in a report on Friday, April 4th. StockNews.com upgraded MasterCraft Boat from a "sell" rating to a "hold" rating in a report on Wednesday. B. Riley raised MasterCraft Boat to a "hold" rating in a research report on Wednesday, February 12th. Finally, Truist Financial cut their price objective on shares of MasterCraft Boat from $22.00 to $16.00 and set a "hold" rating on the stock in a research report on Monday. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $19.60.
Get Our Latest Stock Analysis on MCFT
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Coliseum Capital Management LLC grew its position in MasterCraft Boat by 5.6% in the 4th quarter. Coliseum Capital Management LLC now owns 3,562,615 shares of the company's stock worth $67,939,000 after purchasing an additional 189,945 shares during the period. Systematic Financial Management LP boosted its stake in shares of MasterCraft Boat by 4.2% in the 4th quarter. Systematic Financial Management LP now owns 1,071,424 shares of the company's stock worth $20,432,000 after buying an additional 42,839 shares during the last quarter. Divisar Capital Management LLC grew its holdings in shares of MasterCraft Boat by 29.9% in the fourth quarter. Divisar Capital Management LLC now owns 1,006,805 shares of the company's stock worth $19,200,000 after acquiring an additional 231,908 shares during the period. Dimensional Fund Advisors LP increased its position in MasterCraft Boat by 7.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 842,945 shares of the company's stock valued at $16,075,000 after acquiring an additional 57,729 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in MasterCraft Boat by 4.0% in the fourth quarter. American Century Companies Inc. now owns 445,259 shares of the company's stock valued at $8,491,000 after acquiring an additional 17,118 shares during the period. 97.64% of the stock is owned by hedge funds and other institutional investors.
MasterCraft Boat Company Profile
(
Get Free Report)
MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates through MasterCraft, Crest, and Aviara segments. The MasterCraft segment produces premium recreational performance sport boats primarily used for water skiing, wakeboarding, wake surfing, and general recreational boating.
Further Reading
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