D. E. Shaw & Co. Inc. Has $273,000 Stock Position in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

D. E. Shaw & Co. Inc. cut its holdings in shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT - Free Report) by 71.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,329 shares of the company's stock after selling 35,196 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.09% of MasterCraft Boat worth $273,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Tower Research Capital LLC TRC lifted its position 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 valued at $118,000 after acquiring an additional 4,487 shares during the period. SG Americas Securities LLC boosted its position in shares of MasterCraft Boat by 10.7% during the 4th quarter. SG Americas Securities LLC now owns 7,673 shares of the company's stock worth $146,000 after acquiring an additional 742 shares in the last quarter. JPMorgan Chase & Co. increased its stake in MasterCraft Boat by 7.5% in the fourth quarter. JPMorgan Chase & Co. now owns 7,837 shares of the company's stock valued at $149,000 after acquiring an additional 544 shares during the last quarter. Principal Financial Group Inc. raised its position in MasterCraft Boat by 9.4% during the fourth quarter. Principal Financial Group Inc. now owns 11,502 shares of the company's stock valued at $219,000 after purchasing an additional 993 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in MasterCraft Boat by 31.6% during the fourth quarter. Wells Fargo & Company MN now owns 14,160 shares of the company's stock valued at $270,000 after purchasing an additional 3,399 shares in the last quarter. 97.64% of the stock is currently owned by institutional investors and hedge funds.

MasterCraft Boat Trading Up 1.1%

NASDAQ:MCFT traded up $0.18 during trading hours on Friday, hitting $16.99. 65,643 shares of the company were exchanged, compared to its average volume of 127,604. The stock has a market capitalization of $282.12 million, a price-to-earnings ratio of -42.47 and a beta of 1.12. MasterCraft Boat Holdings, Inc. has a one year low of $14.39 and a one year high of $23.00. The company has a fifty day simple moving average of $16.66 and a 200 day simple moving average of $18.18.

MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.12. The company had revenue of $75.96 million during the quarter, compared to analysts' expectations of $75.15 million. MasterCraft Boat had a positive return on equity of 3.74% and a negative net margin of 2.29%. The business's quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.37 earnings per share. Equities research analysts predict that MasterCraft Boat Holdings, Inc. will post 0.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MCFT has been the topic of a number of research analyst reports. Raymond James cut their target price on shares of MasterCraft Boat from $24.00 to $21.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. Robert W. Baird restated a "neutral" rating and set a $20.00 price objective (down previously from $26.00) on shares of MasterCraft Boat in a research report on Friday, April 4th. Baird R W downgraded MasterCraft Boat from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Wall Street Zen raised MasterCraft Boat from a "sell" rating to a "hold" rating in a research note on Saturday, May 10th. Finally, B. Riley raised MasterCraft Boat to a "hold" rating in a research note on Wednesday, February 12th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $20.00.

Insider Activity

In other news, major shareholder Fund L.P. Forager bought 32,378 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was acquired at an average price of $16.66 per share, with a total value of $539,417.48. Following the completion of the purchase, the insider now directly owns 1,802,975 shares of the company's stock, valued at approximately $30,037,563.50. This represents a 1.83% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In the last three months, insiders have bought 77,420 shares of company stock valued at $1,261,191. 4.00% of the stock is currently owned by insiders.

MasterCraft Boat Company 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.