Empowered Funds LLC Sells 110,373 Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Empowered Funds LLC lowered its stake in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT - Free Report) by 57.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 81,656 shares of the company's stock after selling 110,373 shares during the quarter. Empowered Funds LLC owned about 0.49% of MasterCraft Boat worth $1,557,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MCFT. SG Americas Securities LLC raised its position in MasterCraft Boat by 10.7% in the 4th quarter. SG Americas Securities LLC now owns 7,673 shares of the company's stock valued at $146,000 after buying an additional 742 shares during the last quarter. Koss Olinger Consulting LLC boosted its position in MasterCraft Boat by 6.0% during the 3rd quarter. Koss Olinger Consulting LLC now owns 23,431 shares of the company's stock worth $427,000 after acquiring an additional 1,320 shares during the last quarter. US Bancorp DE grew its stake in shares of MasterCraft Boat by 64.0% during the 3rd quarter. US Bancorp DE now owns 5,123 shares of the company's stock worth $93,000 after acquiring an additional 2,000 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings 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 valued at $234,000 after purchasing an additional 2,620 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of MasterCraft Boat by 5.2% in the third quarter. Victory Capital Management Inc. now owns 71,682 shares of the company's stock worth $1,305,000 after purchasing an additional 3,568 shares in the last quarter. Institutional investors and hedge funds own 97.64% of the company's stock.

Insiders Place Their Bets

In related news, major shareholder Coliseum Capital Management, L purchased 55,000 shares of the stock in a transaction on Monday, December 30th. The shares were purchased at an average cost of $18.83 per share, with a total value of $1,035,650.00. Following the acquisition, the insider now directly owns 3,562,615 shares in the company, valued at $67,084,040.45. The trade was a 1.57 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 4.00% of the company's stock.

MasterCraft Boat Stock Down 2.5 %

Shares of MCFT stock traded down $0.47 on Wednesday, reaching $18.41. The stock had a trading volume of 39,383 shares, compared to its average volume of 71,418. MasterCraft Boat Holdings, Inc. has a 12 month low of $16.12 and a 12 month high of $24.05. The firm has a market capitalization of $308.37 million, a price-to-earnings ratio of -46.02 and a beta of 1.67. The firm's 50-day moving average is $18.85 and its two-hundred day moving average is $18.90.

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on MCFT shares. B. Riley upgraded shares of MasterCraft Boat to a "hold" rating in a research note on Wednesday, February 12th. Truist Financial dropped their target price on MasterCraft Boat from $22.00 to $20.00 and set a "hold" rating on the stock in a report on Tuesday, January 7th. StockNews.com upgraded MasterCraft Boat from a "sell" rating to a "hold" rating in a research note on Wednesday, February 12th. Finally, DA Davidson dropped their price objective on MasterCraft Boat from $23.00 to $22.00 and set a "neutral" rating on the stock in a research note on Monday, February 10th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $20.50.

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.