Renaissance Technologies LLC Sells 30,844 Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Renaissance Technologies LLC lessened its position in shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT - Free Report) by 16.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 157,756 shares of the company's stock after selling 30,844 shares during the period. Renaissance Technologies LLC owned approximately 0.94% of MasterCraft Boat worth $3,008,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. bought a new position in MasterCraft Boat in the 3rd quarter valued at approximately $191,000. SG Americas Securities LLC grew its position in shares of MasterCraft Boat by 10.7% in the 4th quarter. SG Americas Securities LLC now owns 7,673 shares of the company's stock valued at $146,000 after buying an additional 742 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of MasterCraft Boat by 106.8% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 12,200 shares of the company's stock valued at $233,000 after buying an additional 6,300 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of MasterCraft Boat by 2.0% in the 4th quarter. Rhumbline Advisers now owns 27,432 shares of the company's stock valued at $523,000 after purchasing an additional 528 shares during the period. Finally, Victory Capital Management Inc. raised its stake in MasterCraft Boat by 2.0% during the 4th quarter. Victory Capital Management Inc. now owns 73,112 shares of the company's stock worth $1,394,000 after buying an additional 1,430 shares during the period. Institutional investors own 97.64% of the company's stock.

MasterCraft Boat Stock Performance

NASDAQ MCFT traded down $0.10 on Tuesday, hitting $16.17. 17,234 shares of the stock traded hands, compared to its average volume of 138,409. The firm has a market capitalization of $270.96 million, a price-to-earnings ratio of -40.25 and a beta of 1.34. MasterCraft Boat Holdings, Inc. has a 12 month low of $14.39 and a 12 month high of $23.00. The business's fifty day moving average is $16.89 and its two-hundred day moving average is $18.34.

MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.05 earnings per share 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%. Analysts expect that MasterCraft Boat Holdings, Inc. will post 0.62 EPS for the current fiscal year.

Insider Transactions at MasterCraft Boat

In other news, major shareholder Fund L.P. Forager bought 11,172 shares of the business's stock in a transaction on Thursday, April 17th. The stock was acquired at an average price of $15.82 per share, with a total value of $176,741.04. Following the completion of the purchase, the insider now directly owns 1,724,941 shares in the company, valued at $27,288,566.62. This represents a 0.65 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders acquired 35,220 shares of company stock valued at $561,969. 4.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MCFT has been the topic of a number of research reports. B. Riley raised MasterCraft Boat to a "hold" rating in a research note on Wednesday, February 12th. Baird R W downgraded MasterCraft Boat from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. StockNews.com lowered MasterCraft Boat from a "hold" rating to a "sell" rating in a report on Thursday, April 24th. Truist Financial reduced their target price on MasterCraft Boat from $22.00 to $16.00 and set a "hold" rating for the company in a report on Monday, April 14th. Finally, Robert W. Baird reaffirmed a "neutral" rating and issued a $20.00 target price (down from $26.00) on shares of MasterCraft Boat in a report on Friday, April 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $19.60.

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.