Bank of New York Mellon Corp trimmed its holdings in shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT - Free Report) by 32.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,295 shares of the company's stock after selling 25,685 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.32% of MasterCraft Boat worth $1,035,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of MCFT. Principal Financial Group Inc. raised its stake in shares of MasterCraft Boat by 9.4% during the 4th quarter. Principal Financial Group Inc. now owns 11,502 shares of the company's stock worth $219,000 after acquiring an additional 993 shares in the last quarter. Systematic Financial Management LP lifted its holdings in shares of MasterCraft Boat by 6.8% during the 3rd quarter. Systematic Financial Management LP now owns 1,028,585 shares of the company's stock valued at $18,731,000 after purchasing an additional 65,412 shares during the last quarter. Forager Capital Management LLC boosted its position in shares of MasterCraft Boat by 29.9% in the 3rd quarter. Forager Capital Management LLC now owns 1,697,695 shares of the company's stock worth $30,915,000 after purchasing an additional 390,405 shares in the last quarter. Victory Capital Management Inc. grew its stake in MasterCraft Boat by 5.2% during the 3rd quarter. Victory Capital Management Inc. now owns 71,682 shares of the company's stock worth $1,305,000 after buying an additional 3,568 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in MasterCraft Boat by 25.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 12,854 shares of the company's stock worth $234,000 after buying an additional 2,620 shares during the last quarter. Institutional investors own 97.64% of the company's stock.
MasterCraft Boat Stock Down 2.4 %
Shares of MasterCraft Boat stock traded down $0.42 on Friday, reaching $17.24. 60,858 shares of the stock were exchanged, compared to its average volume of 139,659. The business has a 50 day moving average price of $18.19 and a two-hundred day moving average price of $18.59. The firm has a market capitalization of $288.82 million, a price-to-earnings ratio of -43.10 and a beta of 1.71. MasterCraft Boat Holdings, Inc. has a twelve month low of $16.12 and a twelve month high of $24.05.
MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.05 EPS for the quarter, beating 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%. Research analysts forecast that MasterCraft Boat Holdings, Inc. will post 0.62 EPS for the current year.
Insider Buying and Selling at MasterCraft Boat
In related news, major shareholder Coliseum Capital Management, L acquired 55,000 shares of the stock in a transaction on Monday, December 30th. The shares were acquired at an average price of $18.83 per share, for a total transaction of $1,035,650.00. Following the transaction, the insider now owns 3,562,615 shares in the company, valued at approximately $67,084,040.45. This trade represents a 1.57 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.00% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
A number of research firms have commented on MCFT. 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 research note on Tuesday, January 7th. DA Davidson decreased their price objective on shares of MasterCraft Boat from $23.00 to $22.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. StockNews.com raised shares of MasterCraft Boat from a "sell" rating to a "hold" rating in a research report on Saturday, March 15th. Finally, B. Riley raised shares of MasterCraft Boat to a "hold" rating in a report on Wednesday, February 12th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $20.50.
View Our Latest Report on MCFT
MasterCraft Boat Profile
(
Free Report)
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.
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