Coliseum Capital Management, L Acquires 175,022 Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Stock

MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) major shareholder Coliseum Capital Management, L bought 175,022 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were acquired at an average cost of $20.98 per share, with a total value of $3,671,961.56. Following the completion of the purchase, the insider now owns 2,865,540 shares of the company’s stock, valued at $60,119,029.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Coliseum Capital Management, L also recently made the following trade(s):

• On Monday, May 20th, Coliseum Capital Management, L purchased 105,000 shares of MasterCraft Boat stock. The stock was purchased at an average price of $20.75 per share, with a total value of $2,178,750.00.
• On Friday, May 10th, Coliseum Capital Management, L purchased 22,484 shares of MasterCraft Boat stock. The stock was purchased at an average price of $20.36 per share, with a total value of $457,774.24.
• On Wednesday, May 8th, Coliseum Capital Management, L purchased 47,500 shares of MasterCraft Boat stock. The stock was purchased at an average price of $19.13 per share, with a total value of $908,675.00.
• On Monday, April 22nd, Coliseum Capital Management, L purchased 26,039 shares of MasterCraft Boat stock. The stock was purchased at an average price of $21.34 per share, with a total value of $555,672.26.
• On Thursday, April 18th, Coliseum Capital Management, L purchased 107,083 shares of MasterCraft Boat stock. The stock was purchased at an average price of $20.81 per share, with a total value of $2,228,397.23.
• On Friday, April 12th, Coliseum Capital Management, L bought 60,000 shares of MasterCraft Boat stock. The stock was bought at an average price of $21.84 per share, with a total value of $1,310,400.00.
• On Wednesday, April 10th, Coliseum Capital Management, L bought 11,308 shares of MasterCraft Boat stock. The stock was bought at an average price of $21.63 per share, with a total value of $244,592.04.
• On Monday, March 18th, Coliseum Capital Management, L bought 118,620 shares of MasterCraft Boat stock. The stock was bought at an average price of $21.84 per share, with a total value of $2,590,660.80.
• On Thursday, March 14th, Coliseum Capital Management, L bought 24,167 shares of MasterCraft Boat stock. The stock was bought at an average price of $20.72 per share, with a total value of $500,740.24.

MasterCraft Boat Stock Performance

NASDAQ:MCFT opened at $20.52 on Friday. MasterCraft Boat Holdings, Inc. has a 1 year low of $18.01 and a 1 year high of $31.70. The firm’s fifty day simple moving average is $21.48 and its 200 day simple moving average is $21.38. The company has a current ratio of 2.02, a quick ratio of 1.54 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $348.45 million, a PE ratio of 9.24 and a beta of 1.65.

Analyst Upgrades and Downgrades

MCFT has been the subject of a number of research analyst reports. 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 report on Tuesday, April 16th. Stifel Nicolaus dropped their price target on shares of MasterCraft Boat from $27.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $24.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MCFT. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in MasterCraft Boat in the 1st quarter worth $43,000. DekaBank Deutsche Girozentrale bought a new position in MasterCraft Boat during the 3rd quarter valued at about $86,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in MasterCraft Boat by 41.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,486 shares of the company’s stock valued at $102,000 after purchasing an additional 1,306 shares during the last quarter. Quantbot Technologies LP acquired a new stake in MasterCraft Boat in the 3rd quarter valued at about $116,000. Finally, Allspring Global Investments Holdings LLC increased its position in MasterCraft Boat by 60.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,198 shares of the company’s stock valued at $160,000 after acquiring an additional 2,703 shares in the last quarter. 97.64% of the stock is currently owned by institutional investors and hedge funds.

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.