Wellington Management Group LLP Has $4.49 Million Stock Position in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Wellington Management Group LLP lessened its stake in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT - Free Report) by 23.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 235,424 shares of the company's stock after selling 72,600 shares during the quarter. Wellington Management Group LLP owned approximately 1.40% of MasterCraft Boat worth $4,490,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. LHM Inc. bought a new position in MasterCraft Boat during the 4th quarter worth approximately $1,636,000. KLP Kapitalforvaltning AS bought a new position in MasterCraft Boat during the fourth quarter worth $448,000. American Century Companies Inc. boosted its holdings in 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 purchasing an additional 17,118 shares during the period. Principal Financial Group Inc. bought a new stake in MasterCraft Boat during the third quarter valued at $191,000. Finally, Harel Insurance Investments & Financial Services Ltd. grew its position in shares of MasterCraft Boat by 106.8% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 12,200 shares of the company's stock valued at $233,000 after buying an additional 6,300 shares during the last quarter. Institutional investors own 97.64% of the company's stock.

MasterCraft Boat Stock Down 0.4 %

MCFT traded down $0.06 during trading on Tuesday, reaching $15.17. The stock had a trading volume of 80,104 shares, compared to its average volume of 140,979. MasterCraft Boat Holdings, Inc. has a 1-year low of $14.39 and a 1-year high of $23.00. The firm has a market capitalization of $254.14 million, a price-to-earnings ratio of -37.92 and a beta of 1.34. The stock has a 50 day moving average of $17.54 and a two-hundred day moving average of $18.44.

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

Wall Street Analysts Forecast Growth

MCFT has been the subject of several analyst reports. B. Riley raised shares of MasterCraft Boat to a "hold" rating in a report on Wednesday, February 12th. StockNews.com cut shares of MasterCraft Boat from a "hold" rating to a "sell" rating in a research report on Tuesday, April 8th. Robert W. Baird reaffirmed a "neutral" rating and set a $20.00 price target (down previously from $26.00) on shares of MasterCraft Boat in a 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 for the company in a report on Monday. Finally, Baird R W lowered MasterCraft Boat from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average 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.