MasterCraft Boat (NASDAQ:MCFT) Cut to "Sell" at StockNews.com

StockNews.com lowered shares of MasterCraft Boat (NASDAQ:MCFT - Free Report) from a hold rating to a sell rating in a report released on Tuesday.

A number of other brokerages have also recently issued reports on MCFT. Robert W. Baird reissued 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. B. Riley upgraded MasterCraft Boat to a "hold" rating in a research note on Wednesday, February 12th. Truist Financial reduced their target price on shares of MasterCraft Boat from $22.00 to $20.00 and set a "hold" rating on the stock in a research note on Tuesday, January 7th. Baird R W lowered shares of MasterCraft Boat from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, DA Davidson cut their price target 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $20.40.

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MasterCraft Boat Price Performance

Shares of NASDAQ MCFT traded down $0.10 during trading hours on Tuesday, reaching $15.70. The stock had a trading volume of 97,691 shares, compared to its average volume of 141,281. The company has a market cap of $263.02 million, a price-to-earnings ratio of -39.25 and a beta of 1.34. MasterCraft Boat has a twelve month low of $14.39 and a twelve month high of $23.00. The business's fifty day moving average is $17.60 and its two-hundred day moving average is $18.46.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MCFT. State of Wyoming bought a new stake in MasterCraft Boat during the 4th quarter worth about $108,000. Tower Research Capital LLC TRC lifted its position in shares of MasterCraft Boat by 260.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,210 shares of the company's stock worth $118,000 after purchasing an additional 4,487 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of MasterCraft Boat by 10.7% during the fourth quarter. SG Americas Securities LLC now owns 7,673 shares of the company's stock valued at $146,000 after purchasing an additional 742 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of MasterCraft Boat by 6,422.7% in the first quarter. GAMMA Investing LLC now owns 8,610 shares of the company's stock valued at $148,000 after purchasing an additional 8,478 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in MasterCraft Boat by 7.5% in the 4th 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. 97.64% of the stock is owned by institutional investors.

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.