MasterCraft Boat (NASDAQ:MCFT) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of MasterCraft Boat (NASDAQ:MCFT - Free Report) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

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

MasterCraft Boat Trading Down 0.1 %

NASDAQ MCFT traded down $0.01 on Friday, hitting $17.48. 57,443 shares of the company's stock were exchanged, compared to its average volume of 137,304. The stock has a 50-day moving average of $18.29 and a 200-day moving average of $18.63. MasterCraft Boat has a 52 week low of $16.12 and a 52 week high of $24.05. The stock has a market cap of $292.84 million, a price-to-earnings ratio of -43.70 and a beta of 1.71.

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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 for the quarter, topping the consensus estimate 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%. As a group, analysts predict that MasterCraft Boat will post 0.62 earnings per share for the current year.

Insider Activity at MasterCraft Boat

In related news, major shareholder Coliseum Capital Management, L acquired 55,000 shares of the firm's stock in a transaction that occurred on Monday, December 30th. The stock was acquired at an average cost of $18.83 per share, for a total transaction of $1,035,650.00. Following the completion of the acquisition, the insider now directly owns 3,562,615 shares of the company's stock, valued at approximately $67,084,040.45. This trade represents a 1.57 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 4.00% of the stock is currently owned by company insiders.

Institutional Trading of MasterCraft Boat

A number of large investors have recently bought and sold shares of the business. Rhumbline Advisers grew its holdings in MasterCraft Boat by 2.0% during the 4th quarter. Rhumbline Advisers now owns 27,432 shares of the company's stock worth $523,000 after acquiring an additional 528 shares during the period. JPMorgan Chase & Co. increased 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 valued at $149,000 after buying an additional 544 shares in the last quarter. SG Americas Securities LLC increased its position in MasterCraft Boat by 10.7% in the 4th quarter. SG Americas Securities LLC now owns 7,673 shares of the company's stock valued at $146,000 after buying an additional 742 shares in the last quarter. Isthmus Partners LLC increased its position in MasterCraft Boat by 0.7% in the 4th quarter. Isthmus Partners LLC now owns 118,886 shares of the company's stock valued at $2,267,000 after buying an additional 773 shares in the last quarter. Finally, Northern Trust Corp increased its position in MasterCraft Boat by 0.6% in the 4th quarter. Northern Trust Corp now owns 133,422 shares of the company's stock valued at $2,544,000 after buying an additional 791 shares in the last quarter. 97.64% of the stock is currently owned by institutional investors and hedge funds.

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.