MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Stake Lifted by LSV Asset Management

LSV Asset Management raised its position in shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) by 15.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 86,800 shares of the company’s stock after purchasing an additional 11,681 shares during the quarter. LSV Asset Management’s holdings in MasterCraft Boat were worth $1,965,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Carmel Capital Partners LLC acquired a new stake in shares of MasterCraft Boat in the third quarter valued at $28,000. DekaBank Deutsche Girozentrale bought a new stake in MasterCraft Boat in the third quarter worth about $86,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in MasterCraft Boat by 41.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,486 shares of the company’s stock valued at $102,000 after acquiring an additional 1,306 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of MasterCraft Boat during the 3rd quarter valued at about $116,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of MasterCraft Boat by 60.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,198 shares of the company’s stock worth $160,000 after purchasing an additional 2,703 shares during the last quarter. 97.64% of the stock is currently owned by institutional investors and hedge funds.

MasterCraft Boat Trading Up 2.3 %

MasterCraft Boat stock opened at $20.24 on Friday. MasterCraft Boat Holdings, Inc. has a 52 week low of $18.01 and a 52 week high of $31.70. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.58 and a current ratio of 2.11. The firm has a market capitalization of $344.77 million, a price-to-earnings ratio of 6.19 and a beta of 1.65. The company has a 50 day moving average price of $21.58 and a 200 day moving average price of $21.40.

MasterCraft Boat (NASDAQ:MCFT) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.17. MasterCraft Boat had a return on equity of 32.01% and a net margin of 10.66%. The company had revenue of $99.48 million during the quarter, compared to the consensus estimate of $95.53 million. During the same period last year, the business earned $1.16 EPS. The business’s quarterly revenue was down 37.5% on a year-over-year basis. Research analysts forecast that MasterCraft Boat Holdings, Inc. will post 1.51 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on MCFT shares. B. Riley cut their target price on shares of MasterCraft Boat from $24.00 to $22.00 and set a “neutral” rating for the company in a research note on Tuesday, April 16th. Stifel Nicolaus dropped their price target on MasterCraft Boat from $27.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, MasterCraft Boat presently has an average rating of “Hold” and an average price target of $24.00.

Insider Activity at MasterCraft Boat

In other MasterCraft Boat news, major shareholder Coliseum Capital Management, L purchased 118,620 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were bought at an average price of $21.84 per share, for a total transaction of $2,590,660.80. Following the purchase, the insider now directly owns 2,151,676 shares in the company, valued at approximately $46,992,603.84. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have acquired 347,217 shares of company stock valued at $7,430,463. 2.50% of the stock is currently owned by corporate insiders.

MasterCraft Boat 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.