Jacobs Levy Equity Management Inc. Has $2.65 Million Holdings in Mastercraft Boat Holdings, Inc. $MCFT

Key Points

• Jacobs Levy Equity Management Inc. reduced its stake in Mastercraft Boat Holdings, selling 100,507 shares and currently holding 153,736 shares, valued at approximately $2.65 million.
• Several institutional investors, including Systematic Financial Management and American Century Companies, have recently increased their holdings in Mastercraft Boat, with institutional ownership now at 97.64%.
• Mastercraft Boat reported earnings of $0.40 per share, exceeding analyst expectations, with revenue of $79.52 million, which is a 46.4% increase year-over-year.

Jacobs Levy Equity Management Inc. lowered its stake in shares of Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT - Free Report) by 39.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 153,736 shares of the company's stock after selling 100,507 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.93% of Mastercraft Boat worth $2,647,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Northern Trust Corp grew its holdings in Mastercraft Boat by 0.6% during the 4th quarter. Northern Trust Corp now owns 133,422 shares of the company's stock worth $2,544,000 after acquiring an additional 791 shares during the last quarter. GAMMA Investing LLC grew its holdings in Mastercraft Boat by 6,422.7% during 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 during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Mastercraft Boat by 131.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 108,193 shares of the company's stock worth $1,863,000 after acquiring an additional 61,399 shares during the last quarter. Systematic Financial Management LP grew its holdings in Mastercraft Boat by 4.2% during the 4th quarter. Systematic Financial Management LP now owns 1,071,424 shares of the company's stock worth $20,432,000 after acquiring an additional 42,839 shares during the last quarter. Finally, LHM Inc. grew its holdings in Mastercraft Boat by 106.8% during the 1st quarter. LHM Inc. now owns 177,406 shares of the company's stock worth $3,055,000 after acquiring an additional 91,616 shares during the last quarter. Institutional investors own 97.64% of the company's stock.

Mastercraft Boat Stock Performance

MCFT stock traded up $0.16 during mid-day trading on Monday, hitting $22.37. 10,150 shares of the company were exchanged, compared to its average volume of 104,827. The firm has a market cap of $364.85 million, a P/E ratio of 50.84 and a beta of 1.03. The firm's 50 day simple moving average is $20.71 and its 200 day simple moving average is $18.47. Mastercraft Boat Holdings, Inc. has a 1-year low of $14.39 and a 1-year high of $23.93.

Mastercraft Boat (NASDAQ:MCFT - Get Free Report) last announced its earnings results on Wednesday, August 27th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.18 by $0.22. The firm had revenue of $79.52 million for the quarter, compared to the consensus estimate of $70.45 million. Mastercraft Boat had a net margin of 2.48% and a return on equity of 7.01%. The business's quarterly revenue was up 46.4% on a year-over-year basis. During the same period last year, the company posted ($0.04) EPS. Mastercraft Boat has set its FY 2026 guidance at 1.150-1.40 EPS. Q1 2026 guidance at 0.160-0.160 EPS. On average, equities research analysts predict that Mastercraft Boat Holdings, Inc. will post 0.62 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.