Sterling Capital Management LLC Trims Stock Holdings in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Sterling Capital Management LLC trimmed its position in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT - Free Report) by 57.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,133 shares of the company's stock after selling 21,495 shares during the period. Sterling Capital Management LLC owned 0.10% of MasterCraft Boat worth $308,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in MCFT. SG Americas Securities LLC boosted its stake in MasterCraft Boat by 10.7% in the 4th quarter. SG Americas Securities LLC now owns 7,673 shares of the company's stock worth $146,000 after purchasing an additional 742 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of MasterCraft Boat by 7.5% in the fourth quarter. JPMorgan Chase & Co. now owns 7,837 shares of the company's stock worth $149,000 after buying an additional 544 shares in the last quarter. Principal Financial Group Inc. bought a new stake in shares of MasterCraft Boat during the third quarter valued at approximately $191,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of MasterCraft Boat by 106.8% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 12,200 shares of the company's stock valued at $233,000 after purchasing an additional 6,300 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in MasterCraft Boat by 25.6% in the third quarter. Public Employees Retirement System of Ohio now owns 12,854 shares of the company's stock worth $234,000 after purchasing an additional 2,620 shares during the last quarter. Institutional investors own 97.64% of the company's stock.

Insider Activity at MasterCraft Boat

In related news, major shareholder Fund L.P. Forager acquired 14,827 shares of the stock in a transaction dated Wednesday, April 23rd. The stock was acquired at an average cost of $16.32 per share, with a total value of $241,976.64. Following the purchase, the insider now directly owns 1,752,975 shares of the company's stock, valued at approximately $28,608,552. This trade represents a 0.85 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last ninety days, insiders acquired 35,220 shares of company stock valued at $561,969. 4.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

MCFT has been the topic of a number of recent research reports. DA Davidson lowered their target price on MasterCraft Boat from $23.00 to $22.00 and set a "neutral" rating on the stock in a report on Monday, February 10th. B. Riley upgraded shares of MasterCraft Boat to a "hold" rating in a research report on Wednesday, February 12th. Baird R W downgraded shares of MasterCraft Boat from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Truist Financial reduced their price objective on MasterCraft Boat from $22.00 to $16.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Finally, Robert W. Baird reiterated a "neutral" rating and set a $20.00 target price (down from $26.00) on shares of MasterCraft Boat in a research report on Friday, April 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $19.60.

MasterCraft Boat Trading Down 2.2 %

MCFT traded down $0.36 on Friday, hitting $16.24. 30,092 shares of the company's stock traded hands, compared to its average volume of 138,873. MasterCraft Boat Holdings, Inc. has a one year low of $14.39 and a one year high of $23.00. The firm has a market cap of $272.07 million, a price-to-earnings ratio of -40.65 and a beta of 1.34. The company's 50 day simple moving average is $16.98 and its 200-day simple moving average is $18.33.

MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last posted its 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 negative net margin of 2.29% and a positive return on equity of 3.74%. As a group, equities analysts anticipate that MasterCraft Boat Holdings, Inc. will post 0.62 EPS for the current fiscal year.

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.