Robeco Institutional Asset Management B.V. Sells 4,825 Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Robeco Institutional Asset Management B.V. trimmed its position in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) by 9.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,283 shares of the company’s stock after selling 4,825 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.26% of MasterCraft Boat worth $1,025,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in shares of MasterCraft Boat by 73.5% in the third quarter. Wellington Management Group LLP now owns 530,900 shares of the company’s stock worth $11,797,000 after purchasing an additional 224,900 shares in the last quarter. AQR Capital Management LLC boosted its holdings in MasterCraft Boat by 29.6% in the 3rd quarter. AQR Capital Management LLC now owns 412,977 shares of the company’s stock worth $9,176,000 after buying an additional 94,420 shares during the period. Seizert Capital Partners LLC increased its stake in MasterCraft Boat by 52.0% in the 3rd quarter. Seizert Capital Partners LLC now owns 182,094 shares of the company’s stock worth $4,046,000 after buying an additional 62,291 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in MasterCraft Boat during the third quarter valued at about $893,000. Finally, American Century Companies Inc. boosted its stake in shares of MasterCraft Boat by 15.8% in the third quarter. American Century Companies Inc. now owns 258,634 shares of the company’s stock worth $5,747,000 after acquiring an additional 35,374 shares during the period. Institutional investors own 97.64% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on MCFT shares. B. Riley lowered their price target on MasterCraft Boat from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Tuesday, April 16th. Stifel Nicolaus lowered their target price on shares of MasterCraft Boat from $27.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $24.00.

MasterCraft Boat Stock Down 3.2 %

Shares of MCFT opened at $20.52 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.02 and a quick ratio of 1.54. The stock has a market capitalization of $348.43 million, a price-to-earnings ratio of 9.24 and a beta of 1.65. MasterCraft Boat Holdings, Inc. has a 1 year low of $18.01 and a 1 year high of $31.70. The business’s 50 day simple moving average is $21.48 and its 200-day simple moving average is $21.38.

Insider Activity at MasterCraft Boat

In other MasterCraft Boat news, major shareholder Coliseum Capital Management, L acquired 118,620 shares of the company’s stock in a transaction on Monday, March 18th. The stock was acquired at an average cost of $21.84 per share, with a total value of $2,590,660.80. Following the purchase, the insider now directly owns 2,151,676 shares of the company’s stock, valued at approximately $46,992,603.84. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have acquired a total of 697,223 shares of company stock valued at $14,647,623 over the last 90 days. 2.50% of the stock is owned by corporate insiders.

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.