American Century Companies Inc. Grows Holdings in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

American Century Companies Inc. grew its stake in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT - Free Report) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 445,259 shares of the company's stock after purchasing an additional 17,118 shares during the quarter. American Century Companies Inc. owned approximately 2.65% of MasterCraft Boat worth $8,491,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of MCFT. Forager Capital Management LLC increased its position in shares of MasterCraft Boat by 29.9% during the third quarter. Forager Capital Management LLC now owns 1,697,695 shares of the company's stock valued at $30,915,000 after acquiring an additional 390,405 shares during the last quarter. Systematic Financial Management LP raised its stake in shares of MasterCraft Boat by 6.8% during the 3rd quarter. Systematic Financial Management LP now owns 1,028,585 shares of the company's stock worth $18,731,000 after purchasing an additional 65,412 shares during the period. Isthmus Partners LLC boosted its holdings in shares of MasterCraft Boat by 0.7% in the 4th quarter. Isthmus Partners LLC now owns 118,886 shares of the company's stock worth $2,267,000 after buying an additional 773 shares during the last quarter. LHM Inc. bought a new position in MasterCraft Boat during the fourth quarter valued at about $1,636,000. Finally, Victory Capital Management Inc. increased its holdings in MasterCraft Boat by 2.0% during the fourth 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 last quarter. 97.64% of the stock is owned by hedge funds and other institutional investors.

MasterCraft Boat Trading Down 4.3 %

Shares of NASDAQ MCFT traded down $0.66 during mid-day trading on Tuesday, hitting $14.71. The company had a trading volume of 175,128 shares, compared to its average volume of 139,881. The stock's 50-day moving average price is $17.76 and its 200-day moving average price is $18.51. The company has a market capitalization of $246.44 million, a price-to-earnings ratio of -36.77 and a beta of 1.34. MasterCraft Boat Holdings, Inc. has a 1 year low of $14.51 and a 1 year high of $23.00.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 research analysts forecast that MasterCraft Boat Holdings, Inc. will post 0.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on MCFT shares. Truist Financial reduced their target price on shares of MasterCraft Boat from $22.00 to $20.00 and set a "hold" rating for the company in a research report on Tuesday, January 7th. DA Davidson reduced their price objective on 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 lowered MasterCraft Boat from a "hold" rating to a "sell" rating in a research note on Tuesday. B. Riley upgraded MasterCraft Boat to a "hold" rating in a research note on Wednesday, February 12th. Finally, Baird R W cut MasterCraft Boat from a "strong-buy" rating to a "hold" rating in a research note on Friday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $20.40.

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.