MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Given Consensus Rating of "Hold" by Brokerages

Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT - Get Free Report) have earned a consensus recommendation of "Hold" from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $20.40.

MCFT has been the topic of a number of recent research reports. B. Riley upgraded shares of MasterCraft Boat to a "hold" rating in a research note on Wednesday, February 12th. DA Davidson dropped their price target on MasterCraft Boat from $23.00 to $22.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Robert W. Baird reaffirmed a "neutral" rating and set a $20.00 price objective (down from $26.00) on shares of MasterCraft Boat in a research report on Friday, April 4th. StockNews.com lowered MasterCraft Boat from a "hold" rating to a "sell" rating in a report on Tuesday. Finally, Truist Financial decreased 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.

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Institutional Trading of MasterCraft Boat

A number of institutional investors have recently modified their holdings of the business. State of Wyoming purchased a new position in MasterCraft Boat in the fourth quarter worth $108,000. Tower Research Capital LLC TRC increased its holdings in shares of MasterCraft Boat by 260.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,210 shares of the company's stock valued at $118,000 after purchasing an additional 4,487 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of MasterCraft Boat by 10.7% in the fourth quarter. SG Americas Securities LLC now owns 7,673 shares of the company's stock valued at $146,000 after purchasing an additional 742 shares during the period. GAMMA Investing LLC grew its position in MasterCraft Boat by 6,422.7% during the first quarter. GAMMA Investing LLC now owns 8,610 shares of the company's stock worth $148,000 after buying an additional 8,478 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in MasterCraft Boat by 7.5% in the fourth quarter. JPMorgan Chase & Co. now owns 7,837 shares of the company's stock valued at $149,000 after buying an additional 544 shares in the last quarter. 97.64% of the stock is currently owned by hedge funds and other institutional investors.

MasterCraft Boat Stock Performance

MCFT stock traded up $1.23 during midday trading on Friday, reaching $15.94. 140,001 shares of the company were exchanged, compared to its average volume of 139,981. The stock's 50-day simple moving average is $17.76 and its 200 day simple moving average is $18.51. MasterCraft Boat has a 1-year low of $14.40 and a 1-year high of $23.00. The company has a market cap of $266.98 million, a price-to-earnings ratio of -40.33 and a beta of 1.34.

MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.04. MasterCraft Boat had a positive return on equity of 3.74% and a negative net margin of 2.29%. On average, research analysts anticipate that MasterCraft Boat will post 0.62 earnings per share for the current year.

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.