Arrowstreet Capital Limited Partnership Sells 99,420 Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Arrowstreet Capital Limited Partnership reduced its stake in shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT - Free Report) by 53.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,164 shares of the company's stock after selling 99,420 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.51% of MasterCraft Boat worth $1,643,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC increased its holdings in shares of MasterCraft Boat by 10.7% during the 4th quarter. SG Americas Securities LLC now owns 7,673 shares of the company's stock worth $146,000 after purchasing an additional 742 shares during the period. JPMorgan Chase & Co. raised its holdings in 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 in the last quarter. Principal Financial Group Inc. bought a new stake in shares of MasterCraft Boat in the 3rd quarter worth approximately $191,000. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of MasterCraft Boat by 106.8% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 12,200 shares of the company's stock valued at $233,000 after purchasing an additional 6,300 shares during the period. Finally, Public Employees Retirement System of Ohio raised its stake in shares of MasterCraft Boat by 25.6% in the third quarter. Public Employees Retirement System of Ohio now owns 12,854 shares of the company's stock valued at $234,000 after purchasing an additional 2,620 shares in the last quarter. 97.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MCFT. Robert W. Baird reissued a "neutral" rating and issued a $20.00 price target (down previously from $26.00) on shares of MasterCraft Boat in a report on Friday, April 4th. Truist Financial dropped their price target on shares of MasterCraft Boat from $22.00 to $16.00 and set a "hold" rating for the company in a research report on Monday. 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. B. Riley upgraded MasterCraft Boat to a "hold" rating in a research note on Wednesday, February 12th. Finally, StockNews.com downgraded MasterCraft Boat from a "hold" rating to a "sell" rating in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $19.60.

MasterCraft Boat Price Performance

Shares of NASDAQ:MCFT traded up $0.12 during trading on Wednesday, reaching $15.29. The stock had a trading volume of 3,227 shares, compared to its average volume of 140,386. The stock has a market capitalization of $256.15 million, a PE ratio of -38.22 and a beta of 1.34. MasterCraft Boat Holdings, Inc. has a 52 week low of $14.39 and a 52 week high of $23.00. The business's 50-day moving average price is $17.42 and its 200 day moving average price is $18.42.

MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Analysts forecast that MasterCraft Boat Holdings, Inc. will post 0.62 EPS for the current year.

MasterCraft Boat Profile

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.