MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its position in shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT - Free Report) by 16.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 157,756 shares of the company's stock after selling 30,844 shares during the quarter. Renaissance Technologies LLC owned 0.94% of MasterCraft Boat worth $3,008,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. LHM Inc. purchased a new position in shares of MasterCraft Boat during the 4th quarter worth about $1,636,000. Franklin Resources Inc. raised its holdings in shares of MasterCraft Boat by 32.0% in the fourth quarter. Franklin Resources Inc. now owns 254,193 shares of the company's stock worth $4,847,000 after buying an additional 61,554 shares during the last quarter. Trexquant Investment LP acquired a new position in MasterCraft Boat in the 4th quarter worth approximately $463,000. KLP Kapitalforvaltning AS acquired a new position in MasterCraft Boat in the fourth quarter valued at approximately $448,000. Finally, American Century Companies Inc. raised its position in shares of MasterCraft Boat by 4.0% in the fourth quarter. American Century Companies Inc. now owns 445,259 shares of the company's stock worth $8,491,000 after acquiring an additional 17,118 shares during the period. 97.64% of the stock is owned by institutional investors and hedge funds.

MasterCraft Boat Stock Performance

MCFT traded down $0.04 during midday trading on Monday, reaching $16.20. 28,279 shares of the company were exchanged, compared to its average volume of 138,781. The stock has a market capitalization of $271.40 million, a P/E ratio of -40.51 and a beta of 1.34. MasterCraft Boat Holdings, Inc. has a one year low of $14.39 and a one year high of $23.00. The stock's 50-day simple moving average is $16.93 and its 200 day simple moving average is $18.35.

MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.05 earnings per share for the quarter, beating 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 Holdings, Inc. will post 0.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on MCFT shares. B. Riley raised shares of MasterCraft Boat to a "hold" rating in a research report on Wednesday, February 12th. DA Davidson cut their target price 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 reiterated a "neutral" rating and issued a $20.00 price objective (down from $26.00) on shares of MasterCraft Boat in a research report on Friday, April 4th. Truist Financial decreased their price objective on MasterCraft Boat from $22.00 to $16.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Finally, StockNews.com cut MasterCraft Boat from a "hold" rating to a "sell" rating in a report on Thursday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, MasterCraft Boat currently has a consensus rating of "Hold" and a consensus target price of $19.60.

Insider Buying and Selling

In other MasterCraft Boat news, major shareholder Fund L.P. Forager purchased 11,172 shares of the company's stock in a transaction dated Thursday, April 17th. The shares were acquired at an average price of $15.82 per share, for a total transaction of $176,741.04. Following the purchase, the insider now directly owns 1,724,941 shares of the company's stock, valued at $27,288,566.62. The trade was a 0.65 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have purchased 35,220 shares of company stock worth $561,969. Insiders own 4.00% of the company's stock.

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.