A number of other brokerages have also recently commented on MCFT. Robert W. Baird cut their price target on shares of MasterCraft Boat from $32.00 to $30.00 in a research note on Friday, September 9th. Stifel Nicolaus cut their price target on shares of MasterCraft Boat from $31.00 to $29.00 in a research note on Thursday, October 20th. B. Riley cut their price target on shares of MasterCraft Boat from $37.00 to $31.00 and set a buy rating for the company in a research note on Tuesday, October 25th. Finally, Raymond James increased their price target on shares of MasterCraft Boat from $29.00 to $31.00 and gave the company an outperform rating in a research note on Thursday, November 10th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Buy and an average target price of $29.40.
MasterCraft Boat Stock Down 2.1 %
MasterCraft Boat stock opened at $24.80 on Monday. The stock has a market capitalization of $441.54 million, a PE ratio of 8.86 and a beta of 1.81. MasterCraft Boat has a twelve month low of $18.49 and a twelve month high of $29.69. The company has a quick ratio of 0.85, a current ratio of 1.73 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average of $21.47 and a 200-day moving average of $22.63.
Hedge Funds Weigh In On MasterCraft Boat
Several large investors have recently modified their holdings of the stock. Coliseum Capital Management LLC raised its position in shares of MasterCraft Boat by 8.3% in the third quarter. Coliseum Capital Management LLC now owns 1,808,605 shares of the company’s stock valued at $34,092,000 after purchasing an additional 138,206 shares during the period. Divisar Capital Management LLC increased its position in MasterCraft Boat by 3.7% during the second quarter. Divisar Capital Management LLC now owns 1,257,573 shares of the company’s stock worth $26,472,000 after acquiring an additional 44,550 shares during the period. Forager Capital Management LLC increased its position in MasterCraft Boat by 1.1% during the third quarter. Forager Capital Management LLC now owns 1,154,960 shares of the company’s stock worth $21,771,000 after acquiring an additional 13,112 shares during the period. Dimensional Fund Advisors LP increased its position in MasterCraft Boat by 1.9% during the third quarter. Dimensional Fund Advisors LP now owns 549,517 shares of the company’s stock worth $10,359,000 after acquiring an additional 10,241 shares during the period. Finally, Wellington Management Group LLP increased its position in MasterCraft Boat by 39.4% during the first quarter. Wellington Management Group LLP now owns 372,400 shares of the company’s stock worth $9,165,000 after acquiring an additional 105,300 shares during the period. 89.33% of the stock is owned by institutional investors.
MasterCraft Boat Company Profile
MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates through four segments: MasterCraft, Crest, NauticStar, and Aviara. The MasterCraft segment produces recreational performance sport boats, which are used for water skiing, wakeboarding, and wake surfing, as well as general recreational boating.
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