MasterCraft Boat (NASDAQ:MCFT - Get Free Report) was upgraded by research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Wednesday.
Several other equities research analysts have also commented on the stock. Truist Financial dropped their price objective on shares of MasterCraft Boat from $22.00 to $16.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. DA Davidson reduced their price objective on MasterCraft Boat from $23.00 to $22.00 and set a "neutral" rating for the company in a report on Monday, February 10th. Baird R W cut MasterCraft Boat from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. B. Riley raised shares of MasterCraft Boat to a "hold" rating in a report on Wednesday, February 12th. Finally, Robert W. Baird reissued a "neutral" rating and set a $20.00 price target (down previously from $26.00) on shares of MasterCraft Boat in a report on Friday, April 4th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $19.60.
Check Out Our Latest Stock Report on MasterCraft Boat
MasterCraft Boat Trading Up 1.1 %
Shares of NASDAQ:MCFT traded up $0.18 during trading on Wednesday, reaching $16.18. 38,943 shares of the company traded hands, compared to its average volume of 139,155. The firm has a market capitalization of $271.06 million, a price-to-earnings ratio of -40.45 and a beta of 1.34. The business's fifty day moving average is $17.20 and its 200-day moving average is $18.38. MasterCraft Boat has a 52-week low of $14.39 and a 52-week high of $23.00.
MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates 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%. On average, sell-side analysts predict that MasterCraft Boat will post 0.62 earnings per share for the current fiscal year.
Insider Buying and Selling at MasterCraft Boat
In other news, major shareholder Fund L.P. Forager acquired 11,172 shares of MasterCraft Boat stock in a transaction on Thursday, April 17th. The shares were acquired at an average price of $15.82 per share, with a total value of $176,741.04. Following the purchase, the insider now directly owns 1,724,941 shares in the company, valued at $27,288,566.62. The trade was a 0.65 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.00% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of MCFT. Rhumbline Advisers lifted its position in MasterCraft Boat by 2.0% during the fourth quarter. Rhumbline Advisers now owns 27,432 shares of the company's stock valued at $523,000 after purchasing an additional 528 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of MasterCraft Boat by 7.5% during 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 lifted its holdings in shares of 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 acquiring an additional 742 shares during the last quarter. Isthmus Partners LLC grew its position in MasterCraft Boat by 0.7% in the fourth quarter. Isthmus Partners LLC now owns 118,886 shares of the company's stock worth $2,267,000 after acquiring an additional 773 shares in the last quarter. Finally, SummerHaven Investment Management LLC increased its stake in MasterCraft Boat by 1.9% during the first quarter. SummerHaven Investment Management LLC now owns 43,323 shares of the company's stock worth $746,000 after acquiring an additional 790 shares during the last quarter. 97.64% of the stock is owned by hedge funds and other institutional investors.
About MasterCraft Boat
(
Get 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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