Systematic Financial Management LP Grows Stake in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Systematic Financial Management LP raised its holdings in shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,071,424 shares of the company's stock after buying an additional 42,839 shares during the period. Systematic Financial Management LP owned about 6.38% of MasterCraft Boat worth $20,432,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MCFT. Coliseum Capital Management LLC boosted its holdings in MasterCraft Boat by 5.6% during the 4th quarter. Coliseum Capital Management LLC now owns 3,562,615 shares of the company's stock valued at $67,939,000 after acquiring an additional 189,945 shares during the period. Divisar Capital Management LLC lifted its position in MasterCraft Boat by 29.9% in the fourth quarter. Divisar Capital Management LLC now owns 1,006,805 shares of the company's stock valued at $19,200,000 after purchasing an additional 231,908 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in MasterCraft Boat by 7.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 842,945 shares of the company's stock valued at $16,075,000 after purchasing an additional 57,729 shares during the last quarter. American Century Companies Inc. boosted its stake 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 valued at $8,491,000 after purchasing an additional 17,118 shares during the period. Finally, Franklin Resources Inc. boosted its stake in shares of MasterCraft Boat by 32.0% during the fourth 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 period. 97.64% of the stock is owned by institutional investors.

MasterCraft Boat Stock Performance

Shares of NASDAQ MCFT traded down $0.36 during midday trading on Tuesday, hitting $17.70. 76,479 shares of the company traded hands, compared to its average volume of 133,037. MasterCraft Boat Holdings, Inc. has a 12-month low of $14.39 and a 12-month high of $23.00. The firm has a market cap of $293.91 million, a P/E ratio of -44.25 and a beta of 1.12. The stock has a 50-day moving average price of $16.73 and a 200 day moving average price of $18.34.

MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last posted its quarterly earnings data 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. MasterCraft Boat had a positive return on equity of 3.74% and a negative net margin of 2.29%. The business had revenue of $75.96 million for the quarter, compared to analysts' expectations of $75.15 million. During the same period in the previous year, the firm posted $0.37 EPS. The business's revenue was down 9.5% on a year-over-year basis. As a group, equities analysts expect that MasterCraft Boat Holdings, Inc. will post 0.62 earnings per share for the current year.

Insider Buying and Selling

In other MasterCraft Boat news, major shareholder Fund L.P. Forager acquired 11,172 shares of the business's stock in a transaction on Thursday, April 17th. The shares were acquired at an average price of $15.82 per share, for a total transaction of $176,741.04. Following the completion of the acquisition, the insider now owns 1,724,941 shares in the company, valued at $27,288,566.62. This trade represents a 0.65% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have bought a total of 77,420 shares of company stock valued at $1,261,191 over the last ninety days. Company insiders own 4.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MCFT shares. Baird R W lowered shares of MasterCraft Boat from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Raymond James lowered their price objective on shares of MasterCraft Boat from $24.00 to $21.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th. B. Riley raised MasterCraft Boat to a "hold" rating in a research note on Wednesday, February 12th. Robert W. Baird restated a "neutral" rating and set a $20.00 price target (down previously from $26.00) on shares of MasterCraft Boat in a report on Friday, April 4th. Finally, DA Davidson lowered their price target on MasterCraft Boat from $23.00 to $22.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, MasterCraft Boat has an average rating of "Hold" and an average target price of $20.00.

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.