Arrowstreet Capital Limited Partnership lowered its position in shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT - Free Report) by 53.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 86,164 shares of the company's stock after selling 99,420 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.51% of MasterCraft Boat worth $1,643,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC boosted its position in shares of MasterCraft Boat by 10.7% in the fourth quarter. SG Americas Securities LLC now owns 7,673 shares of the company's stock worth $146,000 after acquiring an additional 742 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of MasterCraft Boat by 7.5% in the 4th quarter. JPMorgan Chase & Co. now owns 7,837 shares of the company's stock worth $149,000 after buying an additional 544 shares during the period. Principal Financial Group Inc. acquired a new position in MasterCraft Boat in the third quarter valued at $191,000. Harel Insurance Investments & Financial Services Ltd. grew its position in 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 acquiring an additional 6,300 shares during the period. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of MasterCraft Boat by 25.6% in the 3rd 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 period. 97.64% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
MCFT has been the topic of several research reports. StockNews.com lowered shares of MasterCraft Boat from a "hold" rating to a "sell" rating in a report on Tuesday, April 8th. Robert W. Baird restated a "neutral" rating and set a $20.00 price objective (down previously from $26.00) on shares of MasterCraft Boat in a research note on Friday, April 4th. DA Davidson dropped 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. Baird R W cut MasterCraft Boat from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, B. Riley raised shares of 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 assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, MasterCraft Boat has an average rating of "Hold" and an average price target of $19.60.
Get Our Latest Stock Analysis on MCFT
MasterCraft Boat Stock Down 1.6 %
Shares of MCFT traded down $0.24 during mid-day trading on Tuesday, hitting $14.99. 40,244 shares of the company's stock were exchanged, compared to its average volume of 140,832. The stock has a market cap of $251.13 million, a price-to-earnings ratio of -37.47 and a beta of 1.34. The firm has a fifty day moving average of $17.54 and a two-hundred day moving average of $18.44. MasterCraft Boat Holdings, Inc. has a twelve month low of $14.39 and a twelve month high of $23.00.
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 positive return on equity of 3.74% and a negative net margin of 2.29%. On average, equities analysts predict that MasterCraft Boat Holdings, Inc. will post 0.62 earnings per share for the current year.
About MasterCraft Boat
(
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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