MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Shares Acquired by Forager Capital Management LLC

Forager Capital Management LLC lifted its stake in shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT - Free Report) by 29.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,697,695 shares of the company's stock after acquiring an additional 390,405 shares during the quarter. MasterCraft Boat accounts for 12.2% of Forager Capital Management LLC's portfolio, making the stock its 3rd largest holding. Forager Capital Management LLC owned 10.11% of MasterCraft Boat worth $30,915,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Public Employees Retirement System of Ohio increased its position in shares of MasterCraft Boat by 25.6% in the third quarter. Public Employees Retirement System of Ohio now owns 12,854 shares of the company's stock worth $234,000 after acquiring an additional 2,620 shares in the last quarter. Systematic Financial Management LP boosted its stake in MasterCraft Boat by 6.8% in 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. Quest Partners LLC purchased a new position in MasterCraft Boat during the 3rd quarter worth approximately $150,000. Empowered Funds LLC raised its stake in MasterCraft Boat by 2.1% during the 3rd quarter. Empowered Funds LLC now owns 192,029 shares of the company's stock valued at $3,497,000 after purchasing an additional 4,036 shares during the period. Finally, Metis Global Partners LLC purchased a new stake in shares of MasterCraft Boat in the third quarter valued at $190,000. 97.64% of the stock is currently owned by institutional investors and hedge funds.

MasterCraft Boat Stock Up 0.5 %

Shares of MasterCraft Boat stock traded up $0.11 during trading on Wednesday, hitting $21.05. 42,727 shares of the stock traded hands, compared to its average volume of 153,094. The company has a fifty day moving average price of $19.16 and a two-hundred day moving average price of $19.25. MasterCraft Boat Holdings, Inc. has a twelve month low of $16.12 and a twelve month high of $24.05. The stock has a market cap of $353.64 million, a P/E ratio of -91.04 and a beta of 1.64. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.49 and a current ratio of 2.01.

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Stifel Nicolaus reiterated a "buy" rating and set a $22.00 price target on shares of MasterCraft Boat in a report on Friday, August 30th. B. Riley upped their target price on MasterCraft Boat from $14.00 to $18.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Truist Financial raised their price target on shares of MasterCraft Boat from $15.00 to $22.00 and gave the stock a "hold" rating in a report on Thursday, November 7th. StockNews.com downgraded shares of MasterCraft Boat from a "hold" rating to a "sell" rating in a research report on Monday, September 2nd. Finally, DA Davidson increased their target price on shares of MasterCraft Boat from $17.00 to $23.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, MasterCraft Boat has a consensus rating of "Hold" and a consensus target price of $21.25.

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.