Jacobs Levy Equity Management Inc. Sells 100,507 Shares of 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. decreased its position 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 SEC. The institutional investor 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 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. State of Wyoming purchased a new stake in MASTERCRAFT BOAT in the 4th quarter worth $108,000. GAMMA Investing LLC lifted 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 purchasing an additional 8,478 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted 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 purchasing an additional 1,000 shares in the last quarter. Squarepoint Ops LLC lifted 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 purchasing an additional 47,510 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted 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 purchasing an additional 808 shares in the last quarter. Hedge funds and other institutional investors own 97.64% of the company's stock.

MASTERCRAFT BOAT Stock Down 4.3%

MASTERCRAFT BOAT stock traded down $0.99 during midday trading on Friday, reaching $22.21. The stock had a trading volume of 115,280 shares, compared to its average volume of 205,287. 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 cap of $362.25 million, a price-to-earnings ratio of 50.48 and a beta of 1.03. The company has a fifty day moving average of $20.71 and a 200 day moving average of $18.46.

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

Analysts Set New Price Targets

MCFT has been the topic of several research analyst reports. Robert W. Baird boosted their price target 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. Wall Street Zen upgraded shares of MASTERCRAFT BOAT from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 30th. B. Riley boosted their price target 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. Finally, Raymond James Financial boosted their price target 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. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price 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.