StockNews.com Downgrades MasterCraft Boat (NASDAQ:MCFT) to Hold

StockNews.com lowered shares of MasterCraft Boat (NASDAQ:MCFT) from a buy rating to a hold rating in a research report report published on Friday.

MCFT has been the topic of several other reports. DA Davidson lowered their price objective on MasterCraft Boat from $29.00 to $22.00 and set a neutral rating on the stock in a research report on Friday, September 1st. TheStreet downgraded MasterCraft Boat from a b rating to a c+ rating in a research report on Wednesday, September 6th. B. Riley downgraded MasterCraft Boat from a buy rating to a neutral rating and lowered their price objective for the company from $37.00 to $23.00 in a research report on Thursday, August 31st. Raymond James lowered their price objective on MasterCraft Boat from $40.00 to $25.00 and set an outperform rating on the stock in a research report on Thursday, August 31st. Finally, Stifel Nicolaus lowered their price objective on MasterCraft Boat from $40.00 to $33.00 and set a buy rating on the stock in a research report on Thursday, August 31st. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Hold and an average price target of $26.00.

MasterCraft Boat Price Performance

Shares of MasterCraft Boat stock opened at $21.38 on Friday. MasterCraft Boat has a one year low of $18.49 and a one year high of $35.29. The stock’s fifty day moving average is $26.04 and its 200 day moving average is $28.32. The stock has a market cap of $367.74 million, a P/E ratio of 5.47 and a beta of 1.82. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.34 and a current ratio of 1.91.

Institutional Investors Weigh In On MasterCraft Boat

Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in MasterCraft Boat by 9.9% during the second quarter. BlackRock Inc. now owns 1,558,057 shares of the company’s stock worth $47,754,000 after acquiring an additional 139,923 shares during the last quarter. Forager Capital Management LLC grew its stake in shares of MasterCraft Boat by 2.9% during the second quarter. Forager Capital Management LLC now owns 1,238,904 shares of the company’s stock valued at $37,972,000 after buying an additional 35,000 shares during the last quarter. Divisar Capital Management LLC grew its stake in shares of MasterCraft Boat by 12.0% during the first quarter. Divisar Capital Management LLC now owns 1,213,023 shares of the company’s stock valued at $29,852,000 after buying an additional 130,333 shares during the last quarter. Capital World Investors bought a new position in shares of MasterCraft Boat during the second quarter valued at approximately $19,893,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of MasterCraft Boat by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 577,918 shares of the company’s stock valued at $17,713,000 after buying an additional 4,715 shares during the last quarter. 97.64% 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 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.