De Lisle Partners LLP acquired a new position in shares of Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 215,971 shares of the company's stock, valued at approximately $5,573,000. De Lisle Partners LLP owned approximately 1.33% of Mastercraft Boat at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in MCFT. State of Alaska Department of Revenue bought a new stake in shares of Mastercraft Boat during the fourth quarter worth $42,000. Meeder Asset Management Inc. bought a new position in shares of Mastercraft Boat in the 2nd quarter valued at $79,000. State of Wyoming bought a new position in shares of Mastercraft Boat in the 2nd quarter valued at $61,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Mastercraft Boat during the 4th quarter valued at $63,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Mastercraft Boat during the 2nd quarter valued at $231,000. Institutional investors and hedge funds own 97.64% of the company's stock.
Wall Street Analysts Forecast Growth
MCFT has been the topic of a number of research reports. Robert W. Baird set a $30.00 price objective on Mastercraft Boat in a research report on Friday, May 8th. Truist Financial lifted their price target on Mastercraft Boat from $25.00 to $28.00 and gave the company a "hold" rating in a research note on Monday, July 6th. Weiss Ratings upgraded Mastercraft Boat from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, August 7th. Finally, Zacks Research downgraded Mastercraft Boat from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Mastercraft Boat has an average rating of "Hold" and an average target price of $25.40.
Read Our Latest Stock Report on MCFT
Mastercraft Boat Stock Up 0.6%
Shares of Mastercraft Boat stock opened at $25.46 on Friday. Mastercraft Boat Holdings, Inc. has a twelve month low of $17.19 and a twelve month high of $28.44. The stock has a market cap of $414.49 million, a price-to-earnings ratio of 37.44 and a beta of 1.06. The company's fifty day moving average is $24.43 and its 200 day moving average is $23.18.
Mastercraft Boat Profile
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Free Report)
MasterCraft Boat Holdings, Inc NASDAQ: MCFT is a designer, manufacturer and marketer of high-performance recreational powerboats. The company's portfolio includes the MasterCraft®, Aviara®, Crest® Classic and Supra® brands, each of which features multiple model lines tailored for activities such as wakeboarding, waterskiing, cruising and luxury day boating. MasterCraft oversees the full product lifecycle from hull design and propulsion engineering to interior appointments and final assembly.
Founded in 1968 and headquartered in Vonore, Tennessee, MasterCraft has built a reputation for innovation in hull design, ballast systems and tower architecture to enhance wake performance and ride quality.
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