Vanguard Group Inc. Cuts Holdings in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Vanguard Group Inc. reduced its position in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT - Free Report) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 848,981 shares of the company's stock after selling 52,539 shares during the quarter. Vanguard Group Inc. owned 5.05% of MasterCraft Boat worth $16,190,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC raised its holdings 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 acquiring an additional 742 shares in the last quarter. Principal Financial Group Inc. bought a new stake in shares of MasterCraft Boat in the third quarter valued at about $191,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of MasterCraft Boat by 106.8% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 12,200 shares of the company's stock valued at $233,000 after acquiring an additional 6,300 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 acquiring an additional 2,620 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in MasterCraft Boat in the fourth quarter worth about $448,000. 97.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling at MasterCraft Boat

In other news, major shareholder Fund L.P. Forager acquired 11,172 shares of the business's stock in a transaction on Thursday, April 17th. The stock was bought at an average price of $15.82 per share, with a total value of $176,741.04. Following the completion of the acquisition, the insider now owns 1,724,941 shares of the company's stock, valued at approximately $27,288,566.62. This represents a 0.65 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.00% of the stock is owned by corporate insiders.

MasterCraft Boat Stock Performance

NASDAQ MCFT traded up $0.65 during trading hours on Wednesday, reaching $16.77. The stock had a trading volume of 4,227 shares, compared to its average volume of 138,764. The stock has a fifty day moving average of $17.09 and a 200 day moving average of $18.35. The stock has a market cap of $280.95 million, a P/E ratio of -41.92 and a beta of 1.34. MasterCraft Boat Holdings, Inc. has a 52-week low of $14.39 and a 52-week high of $23.00.

MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.05 EPS 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, equities research analysts forecast that MasterCraft Boat Holdings, Inc. will post 0.62 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have commented on MCFT. StockNews.com upgraded shares of MasterCraft Boat from a "sell" rating to a "hold" rating in a report on Wednesday, April 16th. B. Riley upgraded shares of MasterCraft Boat to a "hold" rating in a report on Wednesday, February 12th. Robert W. Baird reiterated a "neutral" rating and issued a $20.00 target price (down from $26.00) on shares of MasterCraft Boat in a report on Friday, April 4th. DA Davidson reduced their target price on shares of MasterCraft Boat from $23.00 to $22.00 and set a "neutral" rating for the company in a report on Monday, February 10th. Finally, Baird R W downgraded shares of MasterCraft Boat from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $19.60.

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.