Victory Capital Management Inc. Has $1.24 Million Stake in MASTERCRAFT BOAT HOLDINGS, INC. (NASDAQ:MCFT)

Victory Capital Management Inc. lowered its position in MASTERCRAFT BOAT HOLDINGS, INC. (NASDAQ:MCFT) by 1.7% during the first quarter, Holdings Channel reports. The firm owned 71,872 shares of the company’s stock after selling 1,240 shares during the period. Victory Capital Management Inc.’s holdings in MASTERCRAFT BOAT were worth $1,238,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MCFT. American Century Companies Inc. lifted its position 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 acquiring an additional 17,118 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of MASTERCRAFT BOAT during the 4th quarter valued at $448,000. JPMorgan Chase & Co. lifted its position in shares of MASTERCRAFT BOAT by 7.5% during the 4th quarter. JPMorgan Chase & Co. now owns 7,837 shares of the company’s stock valued at $149,000 after acquiring an additional 544 shares during the period. Franklin Resources Inc. lifted its position in shares of MASTERCRAFT BOAT by 32.0% during the 4th quarter. Franklin Resources Inc. now owns 254,193 shares of the company’s stock valued at $4,847,000 after acquiring an additional 61,554 shares during the period. Finally, Trexquant Investment LP acquired a new position in shares of MASTERCRAFT BOAT during the 4th quarter valued at $463,000. Institutional investors and hedge funds own 97.64% of the company’s stock.

MASTERCRAFT BOAT Price Performance

NASDAQ MCFT opened at $19.44 on Thursday. MASTERCRAFT BOAT HOLDINGS, INC. has a 1 year low of $14.39 and a 1 year high of $23.00. The firm has a market cap of $322.70 million, a price-to-earnings ratio of -49.85 and a beta of 1.01. The company has a fifty day moving average price of $18.70 and a 200-day moving average price of $17.91.

MASTERCRAFT BOAT (NASDAQ:MCFT) last posted its earnings results on Wednesday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.12. MASTERCRAFT BOAT had a negative net margin of 2.46% and a positive return on equity of 3.34%. The firm had revenue of $75.96 million during the quarter, compared to analyst estimates of $75.15 million. During the same quarter in the prior year, the business posted $0.37 EPS. The business’s revenue was down 9.5% compared to the same quarter last year. On average, research analysts anticipate that MASTERCRAFT BOAT HOLDINGS, INC. will post 0.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MCFT. Truist Financial boosted their target price on shares of MASTERCRAFT BOAT from $16.00 to $17.00 and gave the company a “hold” rating in a research report on Thursday, May 8th. Robert W. Baird reiterated a “neutral” rating and set a $20.00 target price (down previously from $26.00) on shares of MASTERCRAFT BOAT in a research report on Friday, April 4th. Raymond James Financial decreased their price target on shares of MASTERCRAFT BOAT from $24.00 to $21.00 and set an “outperform” rating for the company in a research note on Thursday, May 8th. Wall Street Zen upgraded shares of MASTERCRAFT BOAT from a “sell” rating to a “hold” rating in a research note on Saturday, May 10th. Finally, Baird R W lowered shares of MASTERCRAFT BOAT from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, MASTERCRAFT BOAT presently has a consensus rating of “Hold” and a consensus target price of $20.00.

MASTERCRAFT BOAT 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.