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

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

A number of other large investors have also recently bought and sold shares of the stock. US Bancorp DE raised its holdings in shares of MasterCraft Boat by 64.0% in the third quarter. US Bancorp DE now owns 5,123 shares of the company's stock worth $93,000 after acquiring an additional 2,000 shares during the last quarter. SG Americas Securities LLC acquired a new position in MasterCraft Boat in the 3rd quarter valued at about $126,000. Quest Partners LLC acquired a new position in MasterCraft Boat in the 3rd quarter valued at about $150,000. Squarepoint Ops LLC purchased a new position in MasterCraft Boat in the 2nd quarter valued at about $190,000. Finally, Metis Global Partners LLC acquired a new stake in shares of MasterCraft Boat during the 3rd quarter worth about $190,000. Institutional investors and hedge funds own 97.64% of the company's stock.

MasterCraft Boat Trading Down 0.5 %

NASDAQ:MCFT traded down $0.10 during trading hours on Friday, reaching $18.36. 54,178 shares of the company were exchanged, compared to its average volume of 61,871. The firm has a market cap of $308.45 million, a price-to-earnings ratio of -79.83 and a beta of 1.67. The stock has a 50 day simple moving average of $19.72 and a 200 day simple moving average of $19.00. MasterCraft Boat Holdings, Inc. has a 52-week low of $16.12 and a 52-week high of $24.05. 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 issued its earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, topping 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 business had revenue of $65.40 million for the quarter, compared to analyst estimates of $61.19 million. During the same period last year, the company posted $0.43 EPS. The business's quarterly revenue was down 37.2% on a year-over-year basis. As a group, analysts predict that MasterCraft Boat Holdings, Inc. will post 0.61 EPS for the current year.

Insider Activity

In other MasterCraft Boat news, major shareholder Coliseum Capital Management, L acquired 55,000 shares of the company's stock in a transaction dated Monday, December 30th. The stock was bought 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 directly owns 3,562,615 shares of the company's stock, 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. Corporate insiders own 4.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. StockNews.com raised shares of MasterCraft Boat from a "sell" rating to a "hold" rating in a research report on Thursday, December 19th. Truist Financial cut their price target on MasterCraft Boat from $22.00 to $20.00 and set a "hold" rating for the company in a report on Tuesday, January 7th. B. Riley raised their price objective on MasterCraft Boat from $14.00 to $18.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Finally, DA Davidson upped their target price on MasterCraft Boat from $17.00 to $23.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $20.75.

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.