MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT - Get Free Report) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $19.95 and traded as low as $18.21. MasterCraft Boat shares last traded at $18.38, with a volume of 41,963 shares.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the stock. B. Riley lifted their price objective on shares of MasterCraft Boat from $14.00 to $18.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Truist Financial decreased their price target 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. DA Davidson boosted their price target on MasterCraft Boat from $17.00 to $23.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Finally, StockNews.com upgraded MasterCraft Boat from a "sell" rating to a "hold" rating in a report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $20.75.
Get Our Latest Stock Report on MasterCraft Boat
MasterCraft Boat Stock Up 0.4 %
The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.28. The firm has a market cap of $310.05 million, a PE ratio of -80.26 and a beta of 1.67. The business's 50-day simple moving average is $19.87 and its 200 day simple moving average is $19.00.
MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.09. The company had revenue of $65.40 million during the quarter, compared to the consensus estimate of $61.19 million. MasterCraft Boat had a negative net margin of 1.08% and a positive return on equity of 6.55%. MasterCraft Boat's revenue for the quarter was down 37.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 earnings per share. As a group, equities research analysts expect that MasterCraft Boat Holdings, Inc. will post 0.61 earnings per share for the current year.
Insider Buying and Selling
In other news, major shareholder Coliseum Capital Management, L acquired 53,853 shares of the business's stock in a transaction dated Thursday, December 26th. The shares were purchased at an average price of $18.87 per share, with a total value of $1,016,206.11. Following the transaction, the insider now directly owns 3,426,523 shares in the company, valued at approximately $64,658,489.01. This represents a 1.60 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.00% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On MasterCraft Boat
Several institutional investors have recently bought and sold shares of MCFT. US Bancorp DE increased its position in shares of MasterCraft Boat by 64.0% during the third quarter. US Bancorp DE now owns 5,123 shares of the company's stock worth $93,000 after purchasing an additional 2,000 shares in the last quarter. SG Americas Securities LLC purchased a new position in MasterCraft Boat during the 3rd quarter worth $126,000. Quest Partners LLC acquired a new position in MasterCraft Boat during the 3rd quarter valued at about $150,000. Squarepoint Ops LLC purchased a new stake in MasterCraft Boat in the second quarter valued at about $190,000. Finally, Metis Global Partners LLC acquired a new stake in MasterCraft Boat in the third quarter worth about $190,000. 97.64% of the stock is currently owned by institutional investors and hedge funds.
About MasterCraft Boat
(
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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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