MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Shares Sold by Barclays PLC

Barclays PLC lowered its stake in shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT - Free Report) by 73.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,315 shares of the company's stock after selling 89,893 shares during the period. Barclays PLC owned about 0.20% of MasterCraft Boat worth $606,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MCFT. Systematic Financial Management LP grew its holdings in MasterCraft Boat by 6.8% in the third quarter. Systematic Financial Management LP now owns 1,028,585 shares of the company's stock valued at $18,731,000 after purchasing an additional 65,412 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in MasterCraft Boat by 13.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 714,208 shares of the company's stock valued at $13,484,000 after acquiring an additional 82,509 shares during the last quarter. American Century Companies Inc. grew its stake in MasterCraft Boat by 14.8% in the 2nd quarter. American Century Companies Inc. now owns 395,570 shares of the company's stock valued at $7,468,000 after acquiring an additional 51,016 shares during the last quarter. Renaissance Technologies LLC increased its holdings in MasterCraft Boat by 0.7% during the 2nd quarter. Renaissance Technologies LLC now owns 214,400 shares of the company's stock valued at $4,048,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Empowered Funds LLC raised its position in MasterCraft Boat by 2.1% during the third quarter. Empowered Funds LLC now owns 192,029 shares of the company's stock worth $3,497,000 after acquiring an additional 4,036 shares during the last quarter. 97.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MCFT. Truist Financial raised their price objective on shares of MasterCraft Boat from $15.00 to $22.00 and gave the stock a "hold" rating in a research note on Thursday, November 7th. DA Davidson raised their price target on MasterCraft Boat from $17.00 to $23.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. B. Riley boosted their price target on MasterCraft Boat from $14.00 to $18.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Finally, StockNews.com raised MasterCraft Boat from a "sell" rating to a "hold" rating in a research note on Thursday, December 19th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, MasterCraft Boat presently has an average rating of "Hold" and a consensus price target of $21.25.

Insider Transactions at MasterCraft Boat

In other news, major shareholder Coliseum Capital Management, L purchased 55,000 shares of the stock in a transaction on Monday, December 30th. The stock was purchased at an average price of $18.83 per share, with a total value of $1,035,650.00. Following the completion of the transaction, the insider now owns 3,562,615 shares in the company, valued at approximately $67,084,040.45. The trade was a 1.57 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.00% of the company's stock.

MasterCraft Boat Trading Down 2.9 %

MCFT stock traded down $0.55 during midday trading on Thursday, hitting $18.52. The stock had a trading volume of 81,309 shares, compared to its average volume of 150,748. MasterCraft Boat Holdings, Inc. has a 12-month low of $16.12 and a 12-month high of $24.05. The firm has a market cap of $311.06 million, a PE ratio of -80.52 and a beta of 1.64. The company's 50-day moving average price is $19.78 and its 200 day moving average price is $19.08. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.49.

MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.03 by $0.09. MasterCraft Boat had a positive return on equity of 6.55% and a negative net margin of 1.08%. The firm had revenue of $65.40 million during the quarter, compared to analyst estimates of $61.19 million. During the same period in the prior year, the firm posted $0.43 earnings per share. The business's quarterly revenue was down 37.2% compared to the same quarter last year. On average, equities research analysts predict that MasterCraft Boat Holdings, Inc. will post 0.61 earnings per share 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.