Wellington Management Group LLP Has $5.61 Million Stock Holdings in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Wellington Management Group LLP cut its stake in shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT - Free Report) by 36.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 308,024 shares of the company's stock after selling 174,976 shares during the quarter. Wellington Management Group LLP owned approximately 1.83% of MasterCraft Boat worth $5,609,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in shares of MasterCraft Boat by 13.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 714,208 shares of the company's stock worth $13,484,000 after purchasing an additional 82,509 shares during the last quarter. Systematic Financial Management LP lifted its position in shares of MasterCraft Boat by 6.8% during the third quarter. Systematic Financial Management LP now owns 1,028,585 shares of the company's stock valued at $18,731,000 after buying an additional 65,412 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of MasterCraft Boat by 14.8% in the 2nd quarter. American Century Companies Inc. now owns 395,570 shares of the company's stock valued at $7,468,000 after buying an additional 51,016 shares in the last quarter. Koss Olinger Consulting LLC purchased a new position in shares of MasterCraft Boat in the 2nd quarter worth approximately $417,000. Finally, Ballentine Partners LLC bought a new position in shares of MasterCraft Boat during the 3rd quarter worth approximately $192,000. Hedge funds and other institutional investors own 97.64% of the company's stock.

MasterCraft Boat Trading Down 0.3 %

Shares of NASDAQ MCFT traded down $0.06 during trading on Tuesday, reaching $19.75. The stock had a trading volume of 54,623 shares, compared to its average volume of 151,893. The business's 50-day moving average price is $19.37 and its 200-day moving average price is $19.23. MasterCraft Boat Holdings, Inc. has a fifty-two week low of $16.12 and a fifty-two week high of $24.05. The company has a market cap of $331.72 million, a P/E ratio of -85.87 and a beta of 1.64. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.49 and a current ratio of 2.01.

MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share 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 firm had revenue of $65.40 million during the quarter, compared to analysts' expectations of $61.19 million. During the same quarter in the prior year, the business earned $0.43 EPS. MasterCraft Boat's quarterly revenue was down 37.2% compared to the same quarter last year. On average, equities research analysts predict that MasterCraft Boat Holdings, Inc. will post 0.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.