Dimensional Fund Advisors LP Grows Stake in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Dimensional Fund Advisors LP boosted its stake in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT - Free Report) by 7.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 842,945 shares of the company's stock after buying an additional 57,729 shares during the period. Dimensional Fund Advisors LP owned approximately 5.02% of MasterCraft Boat worth $16,075,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Barclays PLC increased its stake in MasterCraft Boat by 7.9% during the 4th quarter. Barclays PLC now owns 35,936 shares of the company's stock worth $684,000 after acquiring an additional 2,621 shares during the period. Wells Fargo & Company MN boosted its stake in shares of MasterCraft Boat by 31.6% in the 4th quarter. Wells Fargo & Company MN now owns 14,160 shares of the company's stock valued at $270,000 after purchasing an additional 3,399 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of MasterCraft Boat in the 4th quarter valued at about $463,000. Franklin Resources Inc. increased its position in MasterCraft Boat by 32.0% in the 4th quarter. Franklin Resources Inc. now owns 254,193 shares of the company's stock valued at $4,847,000 after buying an additional 61,554 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in MasterCraft Boat by 7.5% in the fourth quarter. JPMorgan Chase & Co. now owns 7,837 shares of the company's stock valued at $149,000 after acquiring an additional 544 shares during the period. 97.64% of the stock is owned by institutional investors.

MasterCraft Boat Trading Down 2.1 %

Shares of MCFT stock traded down $0.36 during trading hours on Friday, hitting $17.11. 71,591 shares of the company's stock were exchanged, compared to its average volume of 135,967. MasterCraft Boat Holdings, Inc. has a 12-month low of $14.39 and a 12-month high of $23.00. The company has a market capitalization of $286.64 million, a PE ratio of -42.77 and a beta of 1.12. The business's 50 day simple moving average is $16.70 and its 200-day simple moving average is $18.32.

MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.12. The firm had revenue of $75.96 million for the quarter, compared to analysts' expectations of $75.15 million. MasterCraft Boat had a negative net margin of 2.29% and a positive return on equity of 3.74%. The business's revenue was down 9.5% on a year-over-year basis. During the same quarter last year, the business earned $0.37 earnings per share. Equities analysts anticipate that MasterCraft Boat Holdings, Inc. will post 0.62 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder Fund L.P. Forager acquired 11,172 shares of the firm's stock in a transaction on Thursday, April 17th. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders purchased 77,420 shares of company stock worth $1,261,191. 4.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MCFT has been the subject of several analyst reports. Baird R W lowered shares of MasterCraft Boat from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Raymond James reduced their price objective on MasterCraft Boat from $24.00 to $21.00 and set an "outperform" rating for the company in a research note on Thursday. Robert W. Baird reissued a "neutral" rating and issued a $20.00 price target (down from $26.00) on shares of MasterCraft Boat in a report on Friday, April 4th. DA Davidson lowered their price objective on shares of MasterCraft Boat from $23.00 to $22.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Finally, B. Riley upgraded shares of MasterCraft Boat to a "hold" rating in a research note on Wednesday, February 12th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $20.00.

MasterCraft Boat 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.