Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) Sees Large Increase in Short Interest

Key Points

• Short interest jumped 30.1% to 857,616 shares as of March 13, representing about 5.4% of the stock and a short-interest ratio of 4.9 days (based on average daily volume).
• Mastercraft beat estimates for the latest quarter with $0.29 EPS (vs. $0.16 expected) and $71.76M revenue (+13.2% YoY), and issued FY 2026 guidance of $1.45–$1.60 EPS.
• Insiders have been selling (26,497 shares by major shareholder Forager and 87,841 shares sold over the last quarter), while institutional investors own roughly 97.64% of the company.

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT - Get Free Report) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 857,616 shares, a growth of 30.1% from the February 26th total of 659,378 shares. Approximately 5.4% of the company's stock are short sold. Based on an average daily volume of 175,319 shares, the short-interest ratio is presently 4.9 days.

Mastercraft Boat Price Performance

Shares of Mastercraft Boat stock traded down $0.10 during trading on Friday, hitting $20.84. 132,083 shares of the stock were exchanged, compared to its average volume of 169,026. The firm's 50-day moving average price is $21.89 and its 200 day moving average price is $20.81. The stock has a market cap of $339.28 million, a price-to-earnings ratio of 21.71 and a beta of 1.07. Mastercraft Boat has a 12-month low of $14.39 and a 12-month high of $26.49.

Mastercraft Boat (NASDAQ:MCFT - Get Free Report) last posted its earnings results on Thursday, February 5th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.16 by $0.13. The firm had revenue of $71.76 million for the quarter, compared to analyst estimates of $68.79 million. Mastercraft Boat had a return on equity of 9.51% and a net margin of 5.27%.Mastercraft Boat's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.10 earnings per share. Mastercraft Boat has set its Q3 2026 guidance at 0.350-0.350 EPS and its FY 2026 guidance at 1.450-1.600 EPS. As a group, research analysts forecast that Mastercraft Boat will post 0.62 earnings per share for the current year.

Insiders Place Their Bets

In related news, major shareholder Fund L.P. Forager sold 26,497 shares of the company's stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $23.50, for a total transaction of $622,679.50. Following the sale, the insider directly owned 1,611,277 shares of the company's stock, valued at $37,865,009.50. This represents a 1.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders have sold 87,841 shares of company stock worth $2,069,264. 2.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Mastercraft Boat

Several institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC purchased a new position in Mastercraft Boat in the fourth quarter valued at approximately $306,000. Man Group plc purchased a new stake in shares of Mastercraft Boat during the 4th quarter worth approximately $584,000. Engineers Gate Manager LP purchased a new stake in shares of Mastercraft Boat during the 4th quarter worth approximately $307,000. AQR Capital Management LLC boosted its holdings in shares of Mastercraft Boat by 41.4% in the 4th quarter. AQR Capital Management LLC now owns 15,002 shares of the company's stock valued at $284,000 after buying an additional 4,395 shares in the last quarter. Finally, Coliseum Capital Management LLC grew its position in shares of Mastercraft Boat by 3.8% in the 4th quarter. Coliseum Capital Management LLC now owns 3,697,422 shares of the company's stock valued at $69,918,000 after buying an additional 134,807 shares during the last quarter. Hedge funds and other institutional investors own 97.64% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on MCFT shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Mastercraft Boat in a research report on Monday, December 29th. Seaport Research Partners raised Mastercraft Boat to a "hold" rating in a research note on Monday, December 22nd. B. Riley Financial restated a "neutral" rating on shares of Mastercraft Boat in a report on Friday, February 6th. Wall Street Zen raised Mastercraft Boat from a "buy" rating to a "strong-buy" rating in a research report on Saturday, January 17th. Finally, Robert W. Baird set a $28.00 price objective on Mastercraft Boat in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Mastercraft Boat presently has an average rating of "Hold" and a consensus price target of $23.60.

About Mastercraft Boat

MasterCraft Boat Holdings, Inc NASDAQ: MCFT is a designer, manufacturer and marketer of high-performance recreational powerboats. The company's portfolio includes the MasterCraft®, Aviara®, Crest® Classic and Supra® brands, each of which features multiple model lines tailored for activities such as wakeboarding, waterskiing, cruising and luxury day boating. MasterCraft oversees the full product lifecycle from hull design and propulsion engineering to interior appointments and final assembly.

Founded in 1968 and headquartered in Vonore, Tennessee, MasterCraft has built a reputation for innovation in hull design, ballast systems and tower architecture to enhance wake performance and ride quality.

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