Geode Capital Management LLC cut its holdings in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT - Free Report) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 343,888 shares of the company's stock after selling 15,581 shares during the period. Geode Capital Management LLC owned about 2.05% of MasterCraft Boat worth $6,559,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of MCFT. Franklin Resources Inc. increased its position in shares of MasterCraft Boat by 32.0% during the 4th quarter. Franklin Resources Inc. now owns 254,193 shares of the company's stock valued at $4,847,000 after purchasing an additional 61,554 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of MasterCraft Boat by 9.4% in the fourth quarter. Principal Financial Group Inc. now owns 11,502 shares of the company's stock valued at $219,000 after buying an additional 993 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of MasterCraft Boat during the 4th quarter valued at approximately $448,000. LHM Inc. bought a new stake in MasterCraft Boat during the 4th quarter valued at $1,636,000. Finally, American Century Companies Inc. lifted its position in shares of MasterCraft Boat by 4.0% during the fourth quarter. American Century Companies Inc. now owns 445,259 shares of the company's stock worth $8,491,000 after acquiring an additional 17,118 shares in the last quarter. 97.64% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on MCFT. Baird R W lowered MasterCraft Boat from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Truist Financial lowered their price target on shares of MasterCraft Boat from $22.00 to $16.00 and set a "hold" rating on the stock in a report on Monday, April 14th. B. Riley raised shares of MasterCraft Boat to a "hold" rating in a research note on Wednesday, February 12th. DA Davidson lowered their target price on shares of MasterCraft Boat from $23.00 to $22.00 and set a "neutral" rating on the stock in a research note on Monday, February 10th. Finally, StockNews.com lowered shares of MasterCraft Boat from a "hold" rating to a "sell" rating in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $19.60.
Get Our Latest Research Report on MasterCraft Boat
MasterCraft Boat Stock Performance
MCFT traded up $0.12 during trading on Thursday, reaching $16.56. The stock had a trading volume of 7,296 shares, compared to its average volume of 137,970. The business has a 50-day moving average of $16.82 and a 200-day moving average of $18.32. MasterCraft Boat Holdings, Inc. has a one year low of $14.39 and a one year high of $23.00. The stock has a market cap of $277.36 million, a PE ratio of -41.60 and a beta of 1.34.
MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.01 by $0.04. MasterCraft Boat had a positive return on equity of 3.74% and a negative net margin of 2.29%. Equities research analysts forecast that MasterCraft Boat Holdings, Inc. will post 0.62 EPS for the current fiscal year.
Insider Transactions at MasterCraft Boat
In other MasterCraft Boat news, major shareholder Fund L.P. Forager purchased 4,563 shares of the stock in a transaction on Monday, April 21st. The stock was acquired at an average cost of $15.99 per share, with a total value of $72,962.37. Following the completion of the purchase, the insider now directly owns 1,729,504 shares of the company's stock, valued at approximately $27,654,768.96. This trade represents a 0.26 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last ninety days, insiders acquired 35,220 shares of company stock worth $561,969. 4.00% of the stock is currently owned by insiders.
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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