Trexquant Investment LP Invests $463,000 in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Trexquant Investment LP purchased a new position in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 24,304 shares of the company's stock, valued at approximately $463,000. Trexquant Investment LP owned approximately 0.14% of MasterCraft Boat as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. American Century Companies Inc. raised its position in shares of MasterCraft Boat by 4.0% during the 4th quarter. American Century Companies Inc. now owns 445,259 shares of the company's stock worth $8,491,000 after purchasing an additional 17,118 shares during the period. Franklin Resources Inc. lifted its stake in 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 last quarter. Isthmus Partners LLC increased its holdings in shares of MasterCraft Boat by 0.7% in the fourth quarter. Isthmus Partners LLC now owns 118,886 shares of the company's stock valued at $2,267,000 after buying an additional 773 shares in the last quarter. LHM Inc. acquired a new stake in shares of MasterCraft Boat during the fourth quarter worth $1,636,000. Finally, Victory Capital Management Inc. increased its stake in MasterCraft Boat by 2.0% in the 4th quarter. Victory Capital Management Inc. now owns 73,112 shares of the company's stock worth $1,394,000 after purchasing an additional 1,430 shares in the last quarter. Institutional investors own 97.64% of the company's stock.

Insider Transactions at MasterCraft Boat

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 stock was purchased at an average price of $15.82 per share, with a total value of $176,741.04. Following the acquisition, the insider now directly owns 1,724,941 shares of the company's stock, valued at approximately $27,288,566.62. This trade represents a 0.65 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.00% of the company's stock.

MasterCraft Boat Stock Performance

MCFT stock traded up $0.57 during midday trading on Friday, hitting $16.00. 82,550 shares of the company's stock were exchanged, compared to its average volume of 140,373. The stock's fifty day moving average price is $17.27 and its 200-day moving average price is $18.38. MasterCraft Boat Holdings, Inc. has a one year low of $14.39 and a one year high of $23.00. The company has a market cap of $268.05 million, a PE ratio of -40.00 and a beta of 1.34.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on MCFT shares. Truist Financial dropped their price target on shares of MasterCraft Boat from $22.00 to $16.00 and set a "hold" rating on the stock in a research note on Monday. DA Davidson decreased their price objective on shares of MasterCraft Boat from $23.00 to $22.00 and set a "neutral" rating for the company in a report on Monday, February 10th. StockNews.com raised MasterCraft Boat from a "sell" rating to a "hold" rating in a research report on Wednesday. Baird R W cut MasterCraft Boat from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, B. Riley upgraded shares of MasterCraft Boat to a "hold" rating in a research note on Wednesday, February 12th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, MasterCraft Boat presently has a consensus rating of "Hold" and a consensus target price of $19.60.

About MasterCraft Boat

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.