Geode Capital Management LLC Sells 15,581 Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Geode Capital Management LLC decreased its holdings in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT - Free Report) by 4.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 343,888 shares of the company's stock after selling 15,581 shares during the period. Geode Capital Management LLC owned approximately 2.05% of MasterCraft Boat worth $6,559,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC increased its position in shares of MasterCraft Boat by 10.7% during the fourth quarter. SG Americas Securities LLC now owns 7,673 shares of the company's stock worth $146,000 after buying an additional 742 shares during the period. 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 acquiring an additional 544 shares in the last quarter. Principal Financial Group Inc. bought a new position in shares of MasterCraft Boat in the 3rd quarter worth about $191,000. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of MasterCraft Boat by 106.8% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 12,200 shares of the company's stock valued at $233,000 after purchasing an additional 6,300 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of MasterCraft Boat during the 4th quarter valued at about $448,000. Institutional investors and hedge funds own 97.64% of the company's stock.

MasterCraft Boat Stock Performance

MasterCraft Boat stock traded up $0.03 during midday trading on Monday, hitting $16.27. 58,982 shares of the company's stock were exchanged, compared to its average volume of 138,892. The company has a market cap of $272.57 million, a P/E ratio of -40.67 and a beta of 1.34. The stock has a 50-day moving average price of $16.89 and a two-hundred day moving average price of $18.34. MasterCraft Boat Holdings, Inc. has a 52-week low of $14.39 and a 52-week high of $23.00.

MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate 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, sell-side analysts expect that MasterCraft Boat Holdings, Inc. will post 0.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MCFT. Truist Financial cut their price target on MasterCraft Boat from $22.00 to $16.00 and set a "hold" rating on the stock in a report on Monday, April 14th. StockNews.com cut MasterCraft Boat from a "hold" rating to a "sell" rating in a research note on Thursday. Robert W. Baird reissued a "neutral" rating and issued a $20.00 price target (down previously from $26.00) on shares of MasterCraft Boat in a research report on Friday, April 4th. Baird R W downgraded shares of MasterCraft Boat from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, B. Riley upgraded MasterCraft Boat to a "hold" rating in a research note 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 assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $19.60.

Insider Activity

In other news, major shareholder Fund L.P. Forager purchased 4,563 shares of the business's stock in a transaction on Monday, April 21st. The shares were acquired at an average price of $15.99 per share, with a total value of $72,962.37. Following the acquisition, the insider now directly owns 1,729,504 shares in the company, valued at approximately $27,654,768.96. The trade was a 0.26 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last 90 days, insiders acquired 35,220 shares of company stock valued at $561,969. Corporate insiders own 4.00% of the company's stock.

MasterCraft Boat 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.