MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Shares Sold by Truist Financial Corp

Truist Financial Corp lessened its stake in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFTGet Rating) by 78.4% during the third quarter, HoldingsChannel.com reports. The firm owned 29,343 shares of the company’s stock after selling 106,258 shares during the period. Truist Financial Corp’s holdings in MasterCraft Boat were worth $553,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of MCFT. Group One Trading L.P. raised its stake in MasterCraft Boat by 55.9% during the first quarter. Group One Trading L.P. now owns 1,394 shares of the company’s stock worth $34,000 after acquiring an additional 500 shares during the period. Amalgamated Bank acquired a new stake in shares of MasterCraft Boat during the 1st quarter worth approximately $75,000. Lazard Asset Management LLC lifted its holdings in shares of MasterCraft Boat by 88.5% in the 1st quarter. Lazard Asset Management LLC now owns 3,408 shares of the company’s stock worth $83,000 after purchasing an additional 1,600 shares during the last quarter. Alpha Paradigm Partners LLC bought a new stake in shares of MasterCraft Boat in the 2nd quarter worth approximately $143,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of MasterCraft Boat in the 3rd quarter worth approximately $207,000. Institutional investors and hedge funds own 91.99% of the company’s stock.

MasterCraft Boat Stock Up 2.4 %

Shares of MasterCraft Boat stock opened at $29.20 on Monday. The business’s fifty day moving average price is $26.31 and its two-hundred day moving average price is $23.84. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.73 and a quick ratio of 0.85. The company has a market capitalization of $519.88 million, a P/E ratio of 10.43 and a beta of 1.79. MasterCraft Boat Holdings, Inc. has a 1-year low of $18.49 and a 1-year high of $29.69.

MasterCraft Boat (NASDAQ:MCFTGet Rating) last announced its earnings results on Wednesday, November 9th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.10. The firm had revenue of $169.52 million for the quarter, compared to the consensus estimate of $165.46 million. MasterCraft Boat had a return on equity of 68.92% and a net margin of 7.08%. As a group, research analysts forecast that MasterCraft Boat Holdings, Inc. will post 4.2 EPS for the current year.

Analysts Set New Price Targets

MCFT has been the topic of several recent research reports. B. Riley cut their price target on MasterCraft Boat from $37.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, October 25th. Raymond James raised their price target on MasterCraft Boat from $29.00 to $31.00 and gave the stock an “outperform” rating in a report on Thursday, November 10th. StockNews.com raised MasterCraft Boat from a “buy” rating to a “strong-buy” rating in a report on Friday, December 16th. Finally, Stifel Nicolaus cut their price target on MasterCraft Boat from $31.00 to $29.00 in a report on Thursday, October 20th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $29.40.

About MasterCraft Boat

(Get Rating)

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.

Recommended Stories

Want to see what other hedge funds are holding MCFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MasterCraft Boat Holdings, Inc. (NASDAQ:MCFTGet Rating).

Institutional Ownership by Quarter for MasterCraft Boat (NASDAQ:MCFT)

Receive News & Ratings for MasterCraft Boat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MasterCraft Boat and related companies with MarketBeat.com's FREE daily email newsletter.