Charles Schwab Investment Management Inc. Lowers Position in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Charles Schwab Investment Management Inc. lowered its stake in shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) by 3.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 46,794 shares of the company’s stock after selling 1,706 shares during the period. Charles Schwab Investment Management Inc.’s holdings in MasterCraft Boat were worth $892,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MCFT. Principal Financial Group Inc. increased its holdings in shares of MasterCraft Boat by 9.4% during the 4th quarter. Principal Financial Group Inc. now owns 11,502 shares of the company’s stock worth $219,000 after buying an additional 993 shares during the last quarter. Rhumbline Advisers increased its stake in MasterCraft Boat by 2.0% during the fourth quarter. Rhumbline Advisers now owns 27,432 shares of the company’s stock worth $523,000 after acquiring an additional 528 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in MasterCraft Boat by 106.8% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 12,200 shares of the company’s stock worth $233,000 after acquiring an additional 6,300 shares during the last quarter. SG Americas Securities LLC raised 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 worth $146,000 after purchasing an additional 742 shares during the period. Finally, Forager Capital Management LLC lifted its stake in shares of MasterCraft Boat by 29.9% in the 3rd quarter. Forager Capital Management LLC now owns 1,697,695 shares of the company’s stock valued at $30,915,000 after purchasing an additional 390,405 shares in the last quarter. Institutional investors and hedge funds own 97.64% of the company’s stock.

MasterCraft Boat Stock Down 2.4 %

NASDAQ MCFT opened at $17.24 on Monday. The business has a 50 day moving average price of $18.16 and a two-hundred day moving average price of $18.62. MasterCraft Boat Holdings, Inc. has a fifty-two week low of $16.12 and a fifty-two week high of $24.05. The stock has a market cap of $288.82 million, a PE ratio of -43.10 and a beta of 1.71.

MasterCraft Boat (NASDAQ:MCFT) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.04. MasterCraft Boat had a negative net margin of 2.29% and a positive return on equity of 3.74%. Sell-side analysts anticipate that MasterCraft Boat Holdings, Inc. will post 0.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MCFT has been the subject of a number of research analyst reports. StockNews.com raised shares of MasterCraft Boat from a “sell” rating to a “hold” rating in a research report on Saturday, March 15th. Truist Financial dropped their price objective on shares of MasterCraft Boat from $22.00 to $20.00 and set a “hold” rating for the company in a research report on Tuesday, January 7th. B. Riley upgraded shares of MasterCraft Boat to a “hold” rating in a report on Wednesday, February 12th. Finally, DA Davidson decreased their price target on shares of MasterCraft Boat from $23.00 to $22.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, MasterCraft Boat currently has a consensus rating of “Hold” and an average target price of $20.50.

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.