MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Receives Average Rating of "Hold" from Brokerages

MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT - Get Free Report) has been assigned an average recommendation of "Hold" from the six research firms that are currently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $19.60.

A number of research firms have recently commented on MCFT. DA Davidson cut their target price on shares of MasterCraft Boat from $23.00 to $22.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. StockNews.com upgraded MasterCraft Boat from a "sell" rating to a "hold" rating in a research note on Friday. Baird R W downgraded MasterCraft Boat from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Robert W. Baird reiterated a "neutral" rating and set a $20.00 price target (down from $26.00) on shares of MasterCraft Boat in a research report on Friday, April 4th. Finally, Truist Financial decreased their price objective on MasterCraft Boat from $22.00 to $16.00 and set a "hold" rating on the stock in a report on Monday, April 14th.

Insider Buying and Selling

In other news, major shareholder Fund L.P. Forager acquired 11,172 shares of the business's stock in a transaction that occurred on Thursday, April 17th. The stock was purchased at an average cost of $15.82 per share, for a total transaction of $176,741.04. Following the completion of the transaction, the insider now owns 1,724,941 shares in the company, valued at approximately $27,288,566.62. This trade represents a 0.65 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders have purchased 77,420 shares of company stock worth $1,261,191. 4.00% of the stock is owned by corporate insiders.

Institutional Trading of MasterCraft Boat

Hedge funds have recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in 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 valued at $227,000 after acquiring an additional 1,000 shares during the last quarter. SummerHaven Investment Management LLC lifted its stake in shares of MasterCraft Boat by 1.9% in the 1st quarter. SummerHaven Investment Management LLC now owns 43,323 shares of the company's stock valued at $746,000 after purchasing an additional 790 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of MasterCraft Boat by 6,422.7% during the 1st quarter. GAMMA Investing LLC now owns 8,610 shares of the company's stock worth $148,000 after purchasing an additional 8,478 shares during the period. Squarepoint Ops LLC increased its position in shares of MasterCraft Boat by 144.1% during the 4th quarter. Squarepoint Ops LLC now owns 14,534 shares of the company's stock worth $277,000 after purchasing an additional 47,510 shares during the last quarter. Finally, State of Wyoming acquired a new stake in shares of MasterCraft Boat during the 4th quarter worth about $108,000. Hedge funds and other institutional investors own 97.64% of the company's stock.

MasterCraft Boat Stock Performance

Shares of NASDAQ MCFT traded up $0.27 during mid-day trading on Tuesday, hitting $16.92. The stock had a trading volume of 81,332 shares, compared to its average volume of 138,271. The firm has a market cap of $283.46 million, a PE ratio of -42.30 and a beta of 1.12. The company has a 50 day moving average of $16.76 and a two-hundred day moving average of $18.31. MasterCraft Boat has a twelve month low of $14.39 and a twelve month high of $23.00.

MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates 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 predict that MasterCraft Boat will post 0.62 EPS for the current fiscal year.

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.