Isthmus Partners LLC Decreases Stock Holdings in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Isthmus Partners LLC trimmed its holdings in shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT - Free Report) by 19.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 118,113 shares of the company's stock after selling 28,593 shares during the period. Isthmus Partners LLC owned approximately 0.70% of MasterCraft Boat worth $2,151,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in MCFT. US Bancorp DE raised its holdings in shares of MasterCraft Boat by 64.0% during the third quarter. US Bancorp DE now owns 5,123 shares of the company's stock worth $93,000 after purchasing an additional 2,000 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of MasterCraft Boat by 191.7% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,250 shares of the company's stock valued at $98,000 after buying an additional 3,450 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of MasterCraft Boat in the 3rd quarter valued at about $126,000. Quest Partners LLC purchased a new stake in shares of MasterCraft Boat in the third quarter worth about $150,000. Finally, Squarepoint Ops LLC acquired a new stake in MasterCraft Boat during the second quarter worth about $190,000. 97.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MCFT has been the subject of a number of analyst reports. Stifel Nicolaus reissued a "buy" rating and issued a $22.00 price target on shares of MasterCraft Boat in a report on Friday, August 30th. DA Davidson increased their price target on shares of MasterCraft Boat from $17.00 to $23.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. B. Riley lifted their price objective on shares of MasterCraft Boat from $14.00 to $18.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Truist Financial increased their target price 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. Finally, StockNews.com lowered MasterCraft Boat from a "hold" rating to a "sell" rating in a research note on Monday, September 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $21.25.

MasterCraft Boat Price Performance

NASDAQ:MCFT traded up $0.04 during trading hours on Friday, reaching $21.20. 38,637 shares of the company were exchanged, compared to its average volume of 156,105. The stock's 50-day moving average is $18.73 and its 200-day moving average is $19.27. MasterCraft Boat Holdings, Inc. has a twelve month low of $16.12 and a twelve month high of $24.05. The firm has a market cap of $356.16 million, a PE ratio of -92.00 and a beta of 1.61. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.28.

MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.09. MasterCraft Boat had a negative net margin of 1.08% and a positive return on equity of 6.55%. The firm 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. MasterCraft Boat's quarterly revenue was down 37.2% compared to the same quarter last year. On average, sell-side analysts anticipate 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.