MasterCraft Boat (NASDAQ:MCFT - Get Free Report) was downgraded by equities researchers at StockNews.com from a "hold" rating to a "sell" rating in a note issued to investors on Thursday.
A number of other analysts have also recently issued reports on MCFT. Baird R W cut MasterCraft Boat from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Truist Financial decreased their target price on MasterCraft Boat from $22.00 to $16.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Robert W. Baird reissued a "neutral" rating and issued a $20.00 target price (down from $26.00) on shares of MasterCraft Boat in a research report on Friday, April 4th. DA Davidson decreased their target price 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. Finally, B. Riley raised MasterCraft Boat to a "hold" rating in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $19.60.
Read Our Latest Stock Analysis on MasterCraft Boat
MasterCraft Boat Stock Performance
Shares of NASDAQ:MCFT traded up $0.35 on Thursday, hitting $16.62. 105,817 shares of the company's stock were exchanged, compared to its average volume of 138,802. The firm's 50-day moving average is $16.86 and its 200 day moving average is $18.33. The company has a market capitalization of $278.43 million, a PE ratio of -41.55 and a beta of 1.34. MasterCraft Boat has a 1-year low of $14.39 and a 1-year high of $23.00.
MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) for the quarter, topping 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%. On average, analysts anticipate that MasterCraft Boat will post 0.62 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, major shareholder Fund L.P. Forager acquired 14,827 shares of the firm's stock in a transaction on Wednesday, April 23rd. The stock was bought at an average cost of $16.32 per share, with a total value of $241,976.64. Following the transaction, the insider now owns 1,752,975 shares of the company's stock, valued at $28,608,552. The trade was a 0.85 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders purchased 35,220 shares of company stock valued at $561,969. 4.00% of the stock is owned by company insiders.
Hedge Funds Weigh In On MasterCraft Boat
A number of large investors have recently modified their holdings of MCFT. Divisar Capital Management LLC raised its stake in shares of MasterCraft Boat by 29.9% during the 4th quarter. Divisar Capital Management LLC now owns 1,006,805 shares of the company's stock worth $19,200,000 after buying an additional 231,908 shares in the last quarter. Coliseum Capital Management LLC raised its stake in shares of MasterCraft Boat by 5.6% during the 4th quarter. Coliseum Capital Management LLC now owns 3,562,615 shares of the company's stock worth $67,939,000 after buying an additional 189,945 shares in the last quarter. LHM Inc. purchased a new position in shares of MasterCraft Boat during the 4th quarter worth approximately $1,636,000. Franklin Resources Inc. raised its stake in shares of MasterCraft Boat by 32.0% during the 4th quarter. Franklin Resources Inc. now owns 254,193 shares of the company's stock worth $4,847,000 after buying an additional 61,554 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of MasterCraft Boat by 7.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 842,945 shares of the company's stock worth $16,075,000 after buying an additional 57,729 shares in the last quarter. 97.64% of the stock is owned by hedge funds and other institutional investors.
MasterCraft Boat Company Profile
(
Get Free Report)
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.
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