Franklin Resources Inc. boosted its stake in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT - Free Report) by 32.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 254,193 shares of the company's stock after purchasing an additional 61,554 shares during the period. Franklin Resources Inc. owned approximately 1.51% of MasterCraft Boat worth $4,847,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in MCFT. SG Americas Securities LLC grew 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 worth $146,000 after acquiring an additional 742 shares during the period. JPMorgan Chase & Co. boosted its position in MasterCraft Boat by 7.5% in the fourth quarter. JPMorgan Chase & Co. now owns 7,837 shares of the company's stock worth $149,000 after purchasing an additional 544 shares during the last quarter. Principal Financial Group Inc. bought a new stake in shares of MasterCraft Boat during the 3rd quarter valued at about $191,000. Harel Insurance Investments & Financial Services Ltd. increased 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 purchasing an additional 6,300 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of MasterCraft Boat by 25.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 12,854 shares of the company's stock worth $234,000 after purchasing an additional 2,620 shares during the period. 97.64% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the company. Baird R W lowered MasterCraft Boat from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Truist Financial dropped their target price on shares of MasterCraft Boat from $22.00 to $16.00 and set a "hold" rating for the company in a report on Monday. B. Riley upgraded MasterCraft Boat to a "hold" rating in a research report on Wednesday, February 12th. StockNews.com cut MasterCraft Boat from a "hold" rating to a "sell" rating in a research report on Tuesday, April 8th. Finally, Robert W. Baird reissued a "neutral" rating and issued a $20.00 price target (down from $26.00) on shares of MasterCraft Boat in a report on Friday, April 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, MasterCraft Boat has an average rating of "Hold" and an average target price of $19.60.
Get Our Latest Research Report on MCFT
MasterCraft Boat Price Performance
Shares of NASDAQ MCFT traded down $0.24 during midday trading on Tuesday, reaching $14.99. 40,244 shares of the stock traded hands, compared to its average volume of 140,832. The company's 50 day moving average is $17.54 and its 200 day moving average is $18.44. MasterCraft Boat Holdings, Inc. has a one year low of $14.39 and a one year high of $23.00. The stock has a market capitalization of $251.13 million, a PE ratio of -37.47 and a beta of 1.34.
MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last announced its earnings results 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 negative net margin of 2.29% and a positive return on equity of 3.74%. As a group, equities analysts forecast that MasterCraft Boat Holdings, Inc. will post 0.62 EPS for the current year.
About MasterCraft Boat
(
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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