Coliseum Capital Management LLC Has $67.94 Million Position in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Coliseum Capital Management LLC lifted its stake in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,562,615 shares of the company's stock after purchasing an additional 189,945 shares during the period. MasterCraft Boat accounts for about 5.6% of Coliseum Capital Management LLC's investment portfolio, making the stock its 7th biggest holding. Coliseum Capital Management LLC owned about 21.21% of MasterCraft Boat worth $67,939,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Tower Research Capital LLC TRC boosted its position in MasterCraft Boat by 260.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,210 shares of the company's stock valued at $118,000 after acquiring an additional 4,487 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of MasterCraft Boat by 10.7% during the fourth quarter. SG Americas Securities LLC now owns 7,673 shares of the company's stock valued at $146,000 after purchasing an additional 742 shares in the last quarter. JPMorgan Chase & Co. grew its stake in MasterCraft Boat by 7.5% in the fourth quarter. JPMorgan Chase & Co. now owns 7,837 shares of the company's stock worth $149,000 after purchasing an additional 544 shares during the period. Principal Financial Group Inc. bought a new position in MasterCraft Boat in the third quarter worth $191,000. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its position in 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 buying an additional 6,300 shares during the period. Hedge funds and other institutional investors own 97.64% of the company's stock.

MasterCraft Boat Price Performance

NASDAQ MCFT traded down $0.36 during mid-day trading on Friday, reaching $17.11. The stock had a trading volume of 71,591 shares, compared to its average volume of 135,967. The company has a fifty day moving average price of $16.70 and a 200 day moving average price of $18.31. MasterCraft Boat Holdings, Inc. has a 1 year low of $14.39 and a 1 year high of $23.00. The stock has a market cap of $286.64 million, a PE ratio of -42.77 and a beta of 1.12.

MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.12. MasterCraft Boat had a positive return on equity of 3.74% and a negative net margin of 2.29%. The firm had revenue of $75.96 million for the quarter, compared to the consensus estimate of $75.15 million. During the same period in the prior year, the company posted $0.37 earnings per share. The company's quarterly revenue was down 9.5% on a year-over-year basis. As a group, equities research analysts expect that MasterCraft Boat Holdings, Inc. will post 0.62 earnings per share for the current year.

Insider Transactions at MasterCraft Boat

In related news, major shareholder Fund L.P. Forager bought 11,172 shares of the company's stock in a transaction that occurred on Thursday, April 17th. The shares were bought at an average price of $15.82 per share, for a total transaction of $176,741.04. Following the completion of the acquisition, the insider now owns 1,724,941 shares of the company's stock, valued at $27,288,566.62. This trade represents a 0.65 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders purchased 77,420 shares of company stock worth $1,261,191 over the last three months. 4.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. DA Davidson decreased their price target on shares of MasterCraft Boat from $23.00 to $22.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. Raymond James decreased their target price on shares of MasterCraft Boat from $24.00 to $21.00 and set an "outperform" rating for the company in a research note on Thursday. 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 restated a "neutral" rating and issued a $20.00 price target (down previously from $26.00) on shares of MasterCraft Boat in a research note on Friday, April 4th. Finally, Truist Financial lifted their price objective on MasterCraft Boat from $16.00 to $17.00 and gave the company a "hold" rating in a research note on Thursday. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $20.00.

About MasterCraft Boat

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.