MASTERCRAFT BOAT HOLDINGS, INC. $MCFT Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lessened its stake in MASTERCRAFT BOAT HOLDINGS, INC. (NASDAQ:MCFT - Free Report) by 24.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,323 shares of the company's stock after selling 17,629 shares during the period. Goldman Sachs Group Inc. owned about 0.33% of MASTERCRAFT BOAT worth $935,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. SummerHaven Investment Management LLC increased its stake in shares of MASTERCRAFT BOAT by 1.9% in the first quarter. SummerHaven Investment Management LLC now owns 43,323 shares of the company's stock worth $746,000 after buying an additional 790 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of MASTERCRAFT BOAT by 8.2% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 13,200 shares of the company's stock worth $227,000 after buying an additional 1,000 shares during the last quarter. State of Wyoming bought a new stake in shares of MASTERCRAFT BOAT in the fourth quarter worth $108,000. Empowered Funds LLC increased its stake in shares of MASTERCRAFT BOAT by 7.3% in the first quarter. Empowered Funds LLC now owns 87,614 shares of the company's stock worth $1,509,000 after buying an additional 5,958 shares during the last quarter. Finally, Systematic Financial Management LP increased its stake in shares of MASTERCRAFT BOAT by 0.7% in the first quarter. Systematic Financial Management LP now owns 1,078,836 shares of the company's stock worth $18,578,000 after buying an additional 7,412 shares during the last quarter. Institutional investors own 97.64% of the company's stock.

MASTERCRAFT BOAT Stock Up 0.7%

Shares of MCFT opened at $21.84 on Tuesday. The firm has a 50-day moving average price of $20.96 and a 200 day moving average price of $18.67. The firm has a market capitalization of $355.77 million, a PE ratio of 49.64 and a beta of 1.03. MASTERCRAFT BOAT HOLDINGS, INC. has a 52-week low of $14.39 and a 52-week 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.22. The firm had revenue of $79.52 million during the quarter, compared to analyst estimates of $70.45 million. MASTERCRAFT BOAT had a net margin of 2.48% and a return on equity of 7.01%. MASTERCRAFT BOAT's revenue was up 46.4% compared to the same quarter last year. During the same quarter in the prior year, the firm 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 analysts expect that MASTERCRAFT BOAT HOLDINGS, INC. will post 0.62 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on MCFT. Raymond James Financial lifted 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. B. Riley increased their target price 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. Wall Street Zen raised shares of MASTERCRAFT BOAT from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 30th. Finally, Robert W. Baird increased their target price on shares of MASTERCRAFT BOAT from $20.00 to $24.00 and gave the stock a "neutral" rating in a report on Thursday, August 28th. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, MASTERCRAFT BOAT presently has an average rating of "Hold" and a consensus 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.

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