MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Director Donald C. Campion Sells 6,563 Shares

MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Director Donald C. Campion sold 6,563 shares of MasterCraft Boat stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $21.11, for a total value of $138,544.93. Following the sale, the director now directly owns 14,142 shares in the company, valued at $298,537.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

MasterCraft Boat Trading Down 0.2 %

MCFT traded down $0.04 during trading on Monday, reaching $20.91. 96,616 shares of the stock traded hands, compared to its average volume of 193,189. The company has a quick ratio of 1.42, a current ratio of 2.08 and a debt-to-equity ratio of 0.25. The stock’s 50-day moving average is $21.44 and its 200 day moving average is $25.54. MasterCraft Boat Holdings, Inc. has a 12 month low of $19.25 and a 12 month high of $35.29. The stock has a market capitalization of $360.91 million, a PE ratio of 5.18 and a beta of 1.78.

MasterCraft Boat (NASDAQ:MCFT) last released its quarterly earnings data on Wednesday, August 30th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.30. MasterCraft Boat had a net margin of 11.91% and a return on equity of 41.42%. The company had revenue of $166.57 million during the quarter, compared to analyst estimates of $161.88 million. Equities analysts anticipate that MasterCraft Boat Holdings, Inc. will post 1.68 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on MCFT shares. B. Riley downgraded shares of MasterCraft Boat from a “buy” rating to a “neutral” rating and cut their target price for the stock from $37.00 to $23.00 in a research report on Thursday, August 31st. DA Davidson cut their price target on shares of MasterCraft Boat from $29.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, September 1st. Stifel Nicolaus decreased their price objective on MasterCraft Boat from $33.00 to $29.00 and set a “buy” rating for the company in a report on Tuesday, October 31st. Truist Financial cut their target price on MasterCraft Boat from $23.00 to $20.00 and set a “hold” rating on the stock in a report on Tuesday, October 17th. Finally, TheStreet cut MasterCraft Boat from a “b” rating to a “c+” rating in a research note on Wednesday, September 6th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $24.50.

Institutional Investors Weigh In On MasterCraft Boat

Hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its holdings in shares of MasterCraft Boat by 143.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 829 shares of the company’s stock worth $25,000 after purchasing an additional 489 shares in the last quarter. Carmel Capital Partners LLC purchased a new position in MasterCraft Boat during the third quarter worth about $28,000. Group One Trading L.P. grew its holdings in shares of MasterCraft Boat by 55.9% in the first quarter. Group One Trading L.P. now owns 1,394 shares of the company’s stock valued at $34,000 after acquiring an additional 500 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in MasterCraft Boat by 44.7% during the fourth quarter. Meeder Asset Management Inc. now owns 1,435 shares of the company’s stock worth $37,000 after buying an additional 443 shares during the last quarter. Finally, Quarry LP bought a new stake in shares of MasterCraft Boat in the first quarter valued at $41,000. Institutional investors and hedge funds own 97.64% of the company’s stock.

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.