MasterCraft Boat (NASDAQ:MCFT) Upgraded to “Hold” at StockNews.com

MasterCraft Boat (NASDAQ:MCFT) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

MCFT has been the topic of several other research reports. B. Riley raised their price objective on MasterCraft Boat from $14.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Truist Financial cut their price objective on MasterCraft Boat from $22.00 to $20.00 and set a “hold” rating on the stock in a report on Tuesday, January 7th. Finally, DA Davidson cut their price objective on MasterCraft Boat from $23.00 to $22.00 and set a “neutral” rating on the stock in a report on Monday. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $20.50.

MasterCraft Boat Trading Down 0.8 %

Shares of MCFT opened at $19.22 on Wednesday. MasterCraft Boat has a 52-week low of $16.12 and a 52-week high of $24.05. The business’s fifty day moving average is $18.96 and its 200-day moving average is $18.96. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.49 and a current ratio of 2.01. The firm has a market cap of $322.90 million, a price-to-earnings ratio of -48.05 and a beta of 1.67.

MasterCraft Boat (NASDAQ:MCFT) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.04. MasterCraft Boat had a positive return on equity of 3.70% and a negative net margin of 2.29%. Equities analysts anticipate that MasterCraft Boat will post 0.56 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Coliseum Capital Management, L bought 55,000 shares of the business’s stock in a transaction on Monday, December 30th. The shares were purchased at an average cost of $18.83 per share, with a total value of $1,035,650.00. Following the acquisition, the insider now owns 3,562,615 shares of the company’s stock, valued at $67,084,040.45. This represents a 1.57 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers lifted its stake in shares of MasterCraft Boat by 2.0% in the 4th quarter. Rhumbline Advisers now owns 27,432 shares of the company’s stock valued at $523,000 after purchasing an additional 528 shares during the period. SG Americas Securities LLC lifted its stake 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 valued at $146,000 after purchasing an additional 742 shares during the period. Isthmus Partners LLC lifted its stake 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 valued at $2,267,000 after purchasing an additional 773 shares during the period. Principal Financial Group Inc. lifted its stake 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 valued at $219,000 after purchasing an additional 993 shares during the period. Finally, Koss Olinger Consulting LLC lifted its stake in shares of MasterCraft Boat by 6.0% in the 3rd quarter. Koss Olinger Consulting LLC now owns 23,431 shares of the company’s stock valued at $427,000 after purchasing an additional 1,320 shares during the period. 97.64% of the stock is owned by institutional investors and hedge funds.

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.