Systematic Financial Management LP Increases Stock Position in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Systematic Financial Management LP boosted its position in shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT - Free Report) by 6.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,028,585 shares of the company's stock after purchasing an additional 65,412 shares during the quarter. Systematic Financial Management LP owned 6.12% of MasterCraft Boat worth $18,731,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Isthmus Partners LLC grew its holdings in MasterCraft Boat by 0.4% during the second quarter. Isthmus Partners LLC now owns 146,706 shares of the company's stock valued at $28,000 after purchasing an additional 532 shares during the period. US Bancorp DE grew its holdings in MasterCraft Boat by 64.0% during the third quarter. US Bancorp DE now owns 5,123 shares of the company's stock valued at $93,000 after purchasing an additional 2,000 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its holdings in MasterCraft Boat by 191.7% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,250 shares of the company's stock valued at $98,000 after purchasing an additional 3,450 shares during the period. SG Americas Securities LLC acquired a new position in MasterCraft Boat during the third quarter valued at approximately $126,000. Finally, Quest Partners LLC acquired a new position in MasterCraft Boat during the third quarter valued at approximately $150,000. Institutional investors and hedge funds own 97.64% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. DA Davidson boosted their price objective on shares of MasterCraft Boat from $17.00 to $23.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Stifel Nicolaus reiterated a "buy" rating and issued a $22.00 price objective on shares of MasterCraft Boat in a report on Friday, August 30th. B. Riley increased their price objective on shares of MasterCraft Boat from $14.00 to $18.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. StockNews.com downgraded shares of MasterCraft Boat from a "hold" rating to a "sell" rating in a research note on Monday, September 2nd. Finally, Truist Financial increased their price objective on shares of MasterCraft Boat from $15.00 to $22.00 and gave the company a "hold" rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, MasterCraft Boat currently has an average rating of "Hold" and a consensus target price of $21.25.

MasterCraft Boat Trading Down 1.5 %

NASDAQ MCFT traded down $0.31 on Thursday, hitting $20.48. The company's stock had a trading volume of 68,037 shares, compared to its average volume of 154,475. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. The firm has a market cap of $344.06 million, a PE ratio of -90.39 and a beta of 1.64. The company's 50-day moving average is $18.96 and its 200 day moving average is $19.27. MasterCraft Boat Holdings, Inc. has a 1-year low of $16.12 and a 1-year high of $24.05.

MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.09. MasterCraft Boat had a negative net margin of 1.08% and a positive return on equity of 6.55%. The company had revenue of $65.40 million for the quarter, compared to analysts' expectations of $61.19 million. During the same quarter in the previous year, the firm posted $0.43 EPS. MasterCraft Boat's revenue was down 37.2% on a year-over-year basis. As a group, analysts predict that MasterCraft Boat Holdings, Inc. will post 0.61 earnings per share for the current fiscal year.

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.