MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) is Divisar Capital Management LLC's 10th Largest Position

Divisar Capital Management LLC raised its holdings in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT - Free Report) by 29.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,006,805 shares of the company's stock after purchasing an additional 231,908 shares during the period. MasterCraft Boat accounts for about 4.2% of Divisar Capital Management LLC's holdings, making the stock its 10th biggest position. Divisar Capital Management LLC owned 6.01% of MasterCraft Boat worth $19,200,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its position in shares of 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 acquiring an additional 4,487 shares during the period. SG Americas Securities LLC lifted its stake in MasterCraft Boat by 10.7% in 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 in the last quarter. JPMorgan Chase & Co. boosted 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 purchasing an additional 544 shares during the period. Principal Financial Group Inc. purchased a new position in shares of MasterCraft Boat during the 3rd quarter valued at $191,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of MasterCraft Boat by 106.8% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 12,200 shares of the company's stock worth $233,000 after purchasing an additional 6,300 shares during the period. Institutional investors own 97.64% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on MCFT. DA Davidson reduced their target price on MasterCraft Boat from $23.00 to $22.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. Baird R W cut shares of MasterCraft Boat from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. StockNews.com upgraded shares of MasterCraft Boat from a "sell" rating to a "hold" rating in a research report on Friday. B. Riley raised shares of MasterCraft Boat to a "hold" rating in a report on Wednesday, February 12th. Finally, Robert W. Baird reaffirmed a "neutral" rating and set a $20.00 price objective (down from $26.00) on shares of MasterCraft Boat in a report on Friday, April 4th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $19.60.

MasterCraft Boat Stock Up 1.6 %

Shares of MasterCraft Boat stock traded up $0.27 during trading on Friday, reaching $16.92. The company's stock had a trading volume of 81,332 shares, compared to its average volume of 138,373. MasterCraft Boat Holdings, Inc. has a 52-week low of $14.39 and a 52-week high of $23.00. The firm's 50-day moving average is $16.76 and its two-hundred day moving average is $18.31. The company has a market cap of $283.46 million, a price-to-earnings ratio of -42.30 and a beta of 1.12.

MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last posted its quarterly earnings results 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 negative net margin of 2.29% and a positive return on equity of 3.74%. On average, equities research analysts anticipate that MasterCraft Boat Holdings, Inc. will post 0.62 EPS for the current year.

Insider Activity at MasterCraft Boat

In related news, major shareholder Fund L.P. Forager purchased 11,172 shares of MasterCraft Boat stock in a transaction dated Thursday, April 17th. The stock was purchased at an average cost of $15.82 per share, for a total transaction of $176,741.04. Following the completion of the acquisition, the insider now directly owns 1,724,941 shares of the company's stock, valued at $27,288,566.62. The trade was a 0.65 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders purchased a total of 77,420 shares of company stock valued at $1,261,191 in the last 90 days. Corporate insiders own 4.00% of the company's stock.

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.