Comerica Bank Decreases Holdings in MASTERCRAFT BOAT HOLDINGS, INC. $MCFT

Key Points

• Comerica Bank reduced its stake in MASTERCRAFT BOAT HOLDINGS, INC. by 61.1%, owning 12,664 shares valued at approximately $218,000 at the end of the recent quarter.
• Other institutional investors have increased their positions in MASTERCRAFT BOAT, with SummerHaven Investment Management adding 1.9% and Harel Insurance Investments increasing by 8.2% during the first quarter.
• The company reported a 46.4% year-over-year revenue increase to $79.52 million, with earnings per share of $0.40, surpassing analyst expectations.

Comerica Bank reduced its stake in MASTERCRAFT BOAT HOLDINGS, INC. (NASDAQ:MCFT - Free Report) by 61.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,664 shares of the company's stock after selling 19,916 shares during the period. Comerica Bank owned 0.08% of MASTERCRAFT BOAT worth $218,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in MCFT. State of Wyoming bought a new position in MASTERCRAFT BOAT in the 4th quarter worth about $108,000. GAMMA Investing LLC grew its stake in MASTERCRAFT BOAT by 6,422.7% in the 1st quarter. GAMMA Investing LLC now owns 8,610 shares of the company's stock worth $148,000 after acquiring an additional 8,478 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in MASTERCRAFT BOAT by 8.2% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 13,200 shares of the company's stock worth $227,000 after acquiring an additional 1,000 shares in the last quarter. Squarepoint Ops LLC grew its stake in MASTERCRAFT BOAT by 144.1% in the 4th quarter. Squarepoint Ops LLC now owns 14,534 shares of the company's stock worth $277,000 after acquiring an additional 47,510 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in MASTERCRAFT BOAT by 3.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 24,812 shares of the company's stock worth $474,000 after acquiring an additional 808 shares in the last quarter. 97.64% of the stock is currently owned by institutional investors.

MASTERCRAFT BOAT Trading Down 4.3%

Shares of MCFT traded down $0.99 during mid-day trading on Friday, hitting $22.21. The company's stock had a trading volume of 115,280 shares, compared to its average volume of 203,060. The company's 50-day moving average is $20.71 and its 200-day moving average is $18.47. MASTERCRAFT BOAT HOLDINGS, INC. has a 52-week low of $14.39 and a 52-week high of $23.93. The firm has a market capitalization of $362.25 million, a price-to-earnings ratio of 50.48 and a beta of 1.03.

MASTERCRAFT BOAT (NASDAQ:MCFT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.22. MASTERCRAFT BOAT had a net margin of 2.48% and a return on equity of 7.01%. The firm had revenue of $79.52 million during the quarter, compared to analysts' expectations of $70.45 million. During the same quarter in the prior year, the company earned ($0.04) EPS. The company's revenue was up 46.4% compared to the same quarter last year. MASTERCRAFT BOAT has set its FY 2026 guidance at 1.150-1.40 EPS. Q1 2026 guidance at 0.160-0.160 EPS. As a group, sell-side analysts predict that MASTERCRAFT BOAT HOLDINGS, INC. will post 0.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MCFT shares. B. Riley upped their target price on shares of MASTERCRAFT BOAT from $17.00 to $23.00 and gave the stock a "neutral" rating in a research note on Thursday, August 28th. Robert W. Baird upped their target price on shares of MASTERCRAFT BOAT from $20.00 to $24.00 and gave the stock a "neutral" rating in a research note on Thursday, August 28th. Raymond James Financial upped their target price on shares of MASTERCRAFT BOAT from $21.00 to $25.00 and gave the stock an "outperform" rating in a research note on Thursday, August 28th. Finally, Wall Street Zen raised shares of MASTERCRAFT BOAT from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 30th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, MASTERCRAFT BOAT presently has an average rating of "Hold" and an average price target of $22.20.

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.