MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Major Shareholder Buys $2,228,397.23 in Stock

MasterCraft Boat Holdings, Inc. (NASDAQ:MCFTGet Free Report) major shareholder Coliseum Capital Management, L purchased 107,083 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was bought at an average price of $20.81 per share, for a total transaction of $2,228,397.23. Following the completion of the transaction, the insider now directly owns 2,331,367 shares in the company, valued at $48,515,747.27. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Coliseum Capital Management, L also recently made the following trade(s):

  • On Monday, April 22nd, Coliseum Capital Management, L purchased 26,039 shares of MasterCraft Boat stock. The shares were acquired at an average price of $21.34 per share, for a total transaction of $555,672.26.
  • On Friday, April 12th, Coliseum Capital Management, L acquired 60,000 shares of MasterCraft Boat stock. The shares were acquired at an average cost of $21.84 per share, with a total value of $1,310,400.00.
  • On Wednesday, April 10th, Coliseum Capital Management, L bought 11,308 shares of MasterCraft Boat stock. The stock was acquired at an average cost of $21.63 per share, for a total transaction of $244,592.04.
  • On Monday, March 18th, Coliseum Capital Management, L purchased 118,620 shares of MasterCraft Boat stock. The shares were acquired at an average price of $21.84 per share, with a total value of $2,590,660.80.
  • On Thursday, March 14th, Coliseum Capital Management, L acquired 24,167 shares of MasterCraft Boat stock. The stock was bought at an average price of $20.72 per share, for a total transaction of $500,740.24.

MasterCraft Boat Stock Down 2.1 %

Shares of NASDAQ MCFT opened at $21.05 on Wednesday. The company has a quick ratio of 1.58, a current ratio of 2.11 and a debt-to-equity ratio of 0.24. The company has a market cap of $358.48 million, a price-to-earnings ratio of 6.44 and a beta of 1.64. MasterCraft Boat Holdings, Inc. has a 12-month low of $19.22 and a 12-month high of $31.70. The firm’s 50-day simple moving average is $22.01 and its 200 day simple moving average is $21.57.

MasterCraft Boat (NASDAQ:MCFTGet Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.17. MasterCraft Boat had a return on equity of 32.01% and a net margin of 10.66%. The firm had revenue of $99.48 million for the quarter, compared to analyst estimates of $95.53 million. During the same period last year, the company earned $1.16 EPS. The business’s quarterly revenue was down 37.5% compared to the same quarter last year. On average, research analysts expect that MasterCraft Boat Holdings, Inc. will post 1.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the company. B. Riley decreased their price target on MasterCraft Boat from $24.00 to $22.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 16th. Truist Financial upped their target price on shares of MasterCraft Boat from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Tuesday, January 9th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, MasterCraft Boat has a consensus rating of “Hold” and an average target price of $24.67.

Get Our Latest Report on MasterCraft Boat

Hedge Funds Weigh In On MasterCraft Boat

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Exchange Traded Concepts LLC lifted its holdings in MasterCraft Boat by 39.1% during the third quarter. Exchange Traded Concepts LLC now owns 17,592 shares of the company’s stock worth $391,000 after acquiring an additional 4,942 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of MasterCraft Boat by 1.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 107,388 shares of the company’s stock valued at $2,386,000 after purchasing an additional 1,585 shares during the period. Strs Ohio increased its stake in MasterCraft Boat by 31.9% during the 3rd quarter. Strs Ohio now owns 26,900 shares of the company’s stock worth $597,000 after purchasing an additional 6,500 shares in the last quarter. Carmel Capital Partners LLC acquired a new stake in MasterCraft Boat during the 3rd quarter worth approximately $28,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in MasterCraft Boat by 60.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,198 shares of the company’s stock valued at $160,000 after buying an additional 2,703 shares in the last quarter. 97.64% of the stock is owned by 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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Insider Buying and Selling by Quarter for MasterCraft Boat (NASDAQ:MCFT)

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