MasterCraft Boat (NASDAQ:MCFT) Stock Rating Upgraded by B. Riley

MasterCraft Boat (NASDAQ:MCFT - Get Free Report) was upgraded by B. Riley to a "hold" rating in a research report issued on Wednesday,Zacks.com reports.

Several other equities analysts also recently issued reports on MCFT. Truist Financial decreased their price objective on shares of MasterCraft Boat from $22.00 to $20.00 and set a "hold" rating for the company in a research note on Tuesday, January 7th. StockNews.com upgraded shares of MasterCraft Boat from a "sell" rating to a "hold" rating in a research note on Wednesday, February 12th. Finally, DA Davidson decreased their price objective on shares of MasterCraft Boat from $23.00 to $22.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $20.50.

MasterCraft Boat Stock Down 1.5 %

NASDAQ:MCFT traded down $0.28 during trading hours on Wednesday, hitting $18.88. The company's stock had a trading volume of 48,717 shares, compared to its average volume of 72,636. The stock has a market capitalization of $317.18 million, a P/E ratio of -47.20 and a beta of 1.67. The stock has a fifty day moving average of $18.85 and a 200-day moving average of $18.90. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.28. MasterCraft Boat has a 52-week low of $16.12 and a 52-week high of $24.05.

MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last released its quarterly earnings data 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 3.70%. On average, equities analysts forecast that MasterCraft Boat will post 0.56 earnings per share for the current year.

Insider Transactions at MasterCraft Boat

In other news, major shareholder Coliseum Capital Management, L acquired 53,853 shares of MasterCraft Boat stock in a transaction that occurred on Thursday, December 26th. The stock was purchased at an average price of $18.87 per share, for a total transaction of $1,016,206.11. Following the completion of the transaction, the insider now directly owns 3,426,523 shares in the company, valued at approximately $64,658,489.01. This trade represents a 1.60 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.00% of the company's stock.

Institutional Investors Weigh In On MasterCraft Boat

A number of hedge funds have recently added to or reduced their stakes in the company. Coliseum Capital Management LLC lifted its position in MasterCraft Boat by 5.6% in the fourth quarter. Coliseum Capital Management LLC now owns 3,562,615 shares of the company's stock valued at $67,939,000 after purchasing an additional 189,945 shares during the period. Forager Capital Management LLC lifted its position in MasterCraft Boat by 29.9% in the third quarter. Forager Capital Management LLC now owns 1,697,695 shares of the company's stock valued at $30,915,000 after purchasing an additional 390,405 shares during the period. Systematic Financial Management LP lifted its position in MasterCraft Boat by 4.2% in the fourth quarter. Systematic Financial Management LP now owns 1,071,424 shares of the company's stock valued at $20,432,000 after purchasing an additional 42,839 shares during the period. Divisar Capital Management LLC lifted its position in MasterCraft Boat by 29.9% in the fourth quarter. Divisar Capital Management LLC now owns 1,006,805 shares of the company's stock valued at $19,200,000 after purchasing an additional 231,908 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in MasterCraft Boat by 7.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 842,945 shares of the company's stock valued at $16,075,000 after purchasing an additional 57,729 shares during the period. Institutional investors and hedge funds own 97.64% 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.