Charles Schwab Investment Management Inc. Has $1.86 Million Position in MASTERCRAFT BOAT HOLDINGS, INC. $MCFT

Key Points

• Charles Schwab Investment Management Inc. significantly increased its stake in Mastercraft Boat Holdings, Inc. by 131.2% in Q1, now holding 108,193 shares valued at approximately $1.86 million.
• Several hedge funds, including JPMorgan Chase & Co. and Harel Insurance Investments, have also augmented their positions in Mastercraft Boat recently, highlighting growing institutional interest.
• Analysts have varied opinions on Mastercraft Boat, with price targets ranging from $17.00 to $25.00 and an average rating of "Hold" according to recent reports.

Charles Schwab Investment Management Inc. raised its position in MASTERCRAFT BOAT HOLDINGS, INC. (NASDAQ:MCFT - Free Report) by 131.2% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 108,193 shares of the company's stock after acquiring an additional 61,399 shares during the period. Charles Schwab Investment Management Inc. owned about 0.65% of MASTERCRAFT BOAT worth $1,863,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Northern Trust Corp increased its position in shares of 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 during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of MASTERCRAFT BOAT by 260.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,210 shares of the company's stock worth $118,000 after acquiring an additional 4,487 shares during the last quarter. GAMMA Investing LLC grew its holdings in MASTERCRAFT BOAT by 6,422.7% in the 1st quarter. GAMMA Investing LLC now owns 8,610 shares of the company's stock valued at $148,000 after buying an additional 8,478 shares in the last quarter. Systematic Financial Management LP grew its holdings in MASTERCRAFT BOAT by 4.2% in the 4th quarter. Systematic Financial Management LP now owns 1,071,424 shares of the company's stock valued at $20,432,000 after buying an additional 42,839 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in MASTERCRAFT BOAT by 7.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 842,945 shares of the company's stock valued at $16,075,000 after buying an additional 57,729 shares in the last quarter. Institutional investors own 97.64% of the company's stock.

MASTERCRAFT BOAT Price Performance

Shares of MCFT stock traded down $0.08 on Thursday, hitting $22.19. 50,558 shares of the company's stock were exchanged, compared to its average volume of 101,502. MASTERCRAFT BOAT HOLDINGS, INC. has a 12 month low of $14.39 and a 12 month high of $23.50. The stock has a market cap of $361.92 million, a P/E ratio of 50.49 and a beta of 1.03. The company has a 50 day moving average of $20.21 and a 200 day moving average of $18.25.

MASTERCRAFT BOAT (NASDAQ:MCFT - Get Free Report) last announced its quarterly earnings data 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 return on equity of 7.01% and a net margin of 2.48%.The business had revenue of $79.52 million during the quarter, compared to the consensus estimate of $70.45 million. During the same period in the prior year, the company earned ($0.04) EPS. MASTERCRAFT BOAT'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. Sell-side analysts predict that MASTERCRAFT BOAT HOLDINGS, INC. will post 0.62 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the company. Robert W. Baird upped their price objective on MASTERCRAFT BOAT from $20.00 to $24.00 and gave the company a "neutral" rating in a report on Thursday, August 28th. Raymond James Financial upped their price objective on MASTERCRAFT BOAT from $21.00 to $25.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. Truist Financial upped their price objective on MASTERCRAFT BOAT from $16.00 to $17.00 and gave the company a "hold" rating in a report on Thursday, May 8th. B. Riley upped their price objective on MASTERCRAFT BOAT from $17.00 to $23.00 and gave the company a "neutral" rating in a report on Thursday, August 28th. Finally, Wall Street Zen upgraded MASTERCRAFT BOAT from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 30th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, MASTERCRAFT BOAT presently has a consensus rating of "Hold" and an average 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.