LHM Inc. boosted its position in MASTERCRAFT BOAT HOLDINGS, INC. (NASDAQ:MCFT - Free Report) by 106.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 177,406 shares of the company's stock after buying an additional 91,616 shares during the period. MASTERCRAFT BOAT makes up about 1.0% of LHM Inc.'s holdings, making the stock its 18th biggest position. LHM Inc. owned approximately 1.07% of MASTERCRAFT BOAT worth $3,055,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in shares of MASTERCRAFT BOAT by 7.5% during the 4th quarter. JPMorgan Chase & Co. now owns 7,837 shares of the company's stock worth $149,000 after purchasing an additional 544 shares in the last quarter. SummerHaven Investment Management LLC increased its position in MASTERCRAFT BOAT by 1.9% during the 1st quarter. SummerHaven Investment Management LLC now owns 43,323 shares of the company's stock worth $746,000 after purchasing an additional 790 shares in the last quarter. Northern Trust Corp increased its position 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 purchasing an additional 791 shares in the last quarter. Price T Rowe Associates Inc. MD raised 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 valued at $474,000 after purchasing an additional 808 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its holdings 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 valued at $227,000 after purchasing an additional 1,000 shares in the last quarter. 97.64% of the stock is currently owned by hedge funds and other institutional investors.
MASTERCRAFT BOAT Price Performance
NASDAQ:MCFT traded down $0.06 during mid-day trading on Thursday, reaching $20.34. The company's stock had a trading volume of 127,907 shares, compared to its average volume of 86,360. The company's fifty day simple moving average is $19.35 and its two-hundred day simple moving average is $18.01. MASTERCRAFT BOAT HOLDINGS, INC. has a twelve month low of $14.39 and a twelve month high of $23.00. The stock has a market cap of $337.64 million, a P/E ratio of -52.15 and a beta of 1.00.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on MCFT shares. Raymond James Financial lowered their price target on shares of MASTERCRAFT BOAT from $24.00 to $21.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. Wall Street Zen upgraded shares of MASTERCRAFT BOAT from a "sell" rating to a "hold" rating in a research report on Saturday, May 10th. Finally, Truist Financial boosted their price target on MASTERCRAFT BOAT from $16.00 to $17.00 and gave the company a "hold" rating in a report on Thursday, May 8th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $20.00.
Read Our Latest Stock Analysis on MASTERCRAFT BOAT
About MASTERCRAFT BOAT
(
Free Report)
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.
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