MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT - Get Free Report) major shareholder Fund L.P. Forager purchased 4,563 shares of the business's stock in a transaction that occurred on Monday, April 21st. The stock was bought at an average cost of $15.99 per share, with a total value of $72,962.37. Following the acquisition, the insider now owns 1,729,504 shares in the company, valued at $27,654,768.96. This represents a 0.26 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.
Fund L.P. Forager also recently made the following trade(s):
- On Wednesday, April 23rd, Fund L.P. Forager acquired 14,827 shares of MasterCraft Boat stock. The shares were bought at an average cost of $16.32 per share, for a total transaction of $241,976.64.
- On Thursday, April 17th, Fund L.P. Forager purchased 11,172 shares of MasterCraft Boat stock. The stock was bought at an average cost of $15.82 per share, for a total transaction of $176,741.04.
- On Tuesday, April 15th, Fund L.P. Forager purchased 4,658 shares of MasterCraft Boat stock. The stock was purchased at an average cost of $15.09 per share, for a total transaction of $70,289.22.
MasterCraft Boat Price Performance
Shares of MCFT stock opened at $16.26 on Thursday. The company has a market capitalization of $272.40 million, a PE ratio of -40.65 and a beta of 1.34. The firm's 50-day moving average is $17.03 and its two-hundred day moving average is $18.34. MasterCraft Boat Holdings, Inc. has a 12 month low of $14.39 and a 12 month high of $23.00.
MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.04. MasterCraft Boat had a negative net margin of 2.29% and a positive return on equity of 3.74%. Sell-side analysts forecast that MasterCraft Boat Holdings, Inc. will post 0.62 EPS for the current year.
Institutional Investors Weigh In On MasterCraft Boat
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MCFT. State of Wyoming purchased a new position in shares of MasterCraft Boat during the 4th quarter worth $108,000. Tower Research Capital LLC TRC lifted its position in MasterCraft Boat by 260.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,210 shares of the company's stock valued at $118,000 after buying an additional 4,487 shares during the last quarter. SG Americas Securities LLC boosted its stake in MasterCraft Boat by 10.7% during the fourth quarter. SG Americas Securities LLC now owns 7,673 shares of the company's stock worth $146,000 after buying an additional 742 shares during the period. GAMMA Investing LLC increased its position in shares of MasterCraft Boat by 6,422.7% during the first quarter. GAMMA Investing LLC now owns 8,610 shares of the company's stock valued at $148,000 after acquiring an additional 8,478 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of MasterCraft Boat by 7.5% in the 4th quarter. JPMorgan Chase & Co. now owns 7,837 shares of the company's stock valued at $149,000 after acquiring an additional 544 shares during the period. Hedge funds and other institutional investors own 97.64% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on MCFT. DA Davidson decreased their price objective on MasterCraft Boat from $23.00 to $22.00 and set a "neutral" rating on the stock in a report on Monday, February 10th. StockNews.com downgraded shares of MasterCraft Boat from a "hold" rating to a "sell" rating in a research note on Thursday. B. Riley raised shares of MasterCraft Boat to a "hold" rating in a research note on Wednesday, February 12th. Baird R W lowered shares of MasterCraft Boat from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, Truist Financial dropped their price target on MasterCraft Boat from $22.00 to $16.00 and set a "hold" rating for the company in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $19.60.
Check Out Our Latest Stock Report on MasterCraft Boat
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.
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