Corebridge Financial Inc. Sells 839 Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Corebridge Financial Inc. cut its position in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) by 9.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 8,142 shares of the company’s stock after selling 839 shares during the period. Corebridge Financial Inc.’s holdings in MasterCraft Boat were worth $155,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. grew its position in shares of MasterCraft Boat by 9.4% in 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. KLP Kapitalforvaltning AS purchased a new position in MasterCraft Boat in the fourth quarter worth $448,000. LHM Inc. acquired a new position in shares of MasterCraft Boat during the fourth quarter worth $1,636,000. American Century Companies Inc. lifted its holdings in shares of MasterCraft Boat by 4.0% during the 4th quarter. American Century Companies Inc. now owns 445,259 shares of the company’s stock valued at $8,491,000 after purchasing an additional 17,118 shares during the last quarter. Finally, Isthmus Partners LLC boosted its position in shares of MasterCraft Boat by 0.7% in the 4th quarter. Isthmus Partners LLC now owns 118,886 shares of the company’s stock worth $2,267,000 after purchasing an additional 773 shares in the last quarter. 97.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Robert W. Baird reaffirmed a “neutral” rating and set a $20.00 target price (down from $26.00) on shares of MasterCraft Boat in a research report on Friday, April 4th. StockNews.com lowered shares of MasterCraft Boat from a “hold” rating to a “sell” rating in a research report on Tuesday, April 8th. B. Riley raised shares of MasterCraft Boat to a “hold” rating in a research report on Wednesday, February 12th. Baird R W cut shares of MasterCraft Boat from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Finally, Truist Financial lowered their price objective on shares of MasterCraft Boat from $22.00 to $16.00 and set a “hold” rating for the company in a research note on Monday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $19.60.

MasterCraft Boat Stock Down 3.0 %

Shares of NASDAQ MCFT opened at $15.23 on Tuesday. MasterCraft Boat Holdings, Inc. has a 52 week low of $14.39 and a 52 week high of $23.00. The business’s 50 day moving average price is $17.54 and its 200 day moving average price is $18.44. The firm has a market cap of $255.15 million, a P/E ratio of -38.07 and a beta of 1.34.

MasterCraft Boat (NASDAQ:MCFT) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.05 EPS for the quarter, beating 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%. As a group, research analysts expect that MasterCraft Boat Holdings, Inc. will post 0.62 earnings per share for the current year.

About MasterCraft Boat

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.