MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Major Shareholder Coliseum Capital Management, L Purchases 18,084 Shares of Stock

MasterCraft Boat Holdings, Inc. (NASDAQ:MCFTGet Free Report) major shareholder Coliseum Capital Management, L purchased 18,084 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were purchased at an average price of $20.57 per share, for a total transaction of $371,987.88. Following the purchase, the insider now owns 3,073,973 shares of the company’s stock, valued at approximately $63,231,624.61. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Thursday, June 6th, Coliseum Capital Management, L purchased 98,446 shares of MasterCraft Boat stock. The shares were purchased at an average price of $20.35 per share, for a total transaction of $2,003,376.10.
  • On Wednesday, May 22nd, Coliseum Capital Management, L purchased 175,022 shares of MasterCraft Boat stock. The shares were purchased at an average price of $20.98 per share, for a total transaction of $3,671,961.56.
  • On Monday, May 20th, Coliseum Capital Management, L purchased 105,000 shares of MasterCraft Boat stock. The shares were purchased at an average price of $20.75 per share, for a total transaction of $2,178,750.00.
  • On Friday, May 10th, Coliseum Capital Management, L purchased 22,484 shares of MasterCraft Boat stock. The shares were purchased at an average price of $20.36 per share, for a total transaction of $457,774.24.
  • On Wednesday, May 8th, Coliseum Capital Management, L purchased 47,500 shares of MasterCraft Boat stock. The shares were purchased at an average price of $19.13 per share, for a total transaction of $908,675.00.
  • On Monday, April 22nd, Coliseum Capital Management, L purchased 26,039 shares of MasterCraft Boat stock. The shares were purchased at an average price of $21.34 per share, for a total transaction of $555,672.26.
  • On Thursday, April 18th, Coliseum Capital Management, L bought 107,083 shares of MasterCraft Boat stock. The stock was bought at an average price of $20.81 per share, for a total transaction 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, for a total transaction 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, for a total transaction 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, for a total transaction of $2,590,660.80.

MasterCraft Boat Price Performance

Shares of MCFT stock opened at $20.73 on Tuesday. MasterCraft Boat Holdings, Inc. has a fifty-two week low of $18.01 and a fifty-two week high of $31.70. The firm has a market capitalization of $352.00 million, a price-to-earnings ratio of 9.34 and a beta of 1.61. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.54 and a current ratio of 2.02. The stock’s 50-day simple moving average is $21.11 and its 200-day simple moving average is $21.41.

MasterCraft Boat (NASDAQ:MCFTGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.09. MasterCraft Boat had a return on equity of 21.71% and a net margin of 8.26%. The business had revenue of $95.71 million for the quarter, compared to analyst estimates of $92.32 million. As a group, equities analysts forecast that MasterCraft Boat Holdings, Inc. will post 0.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MasterCraft Boat

A number of institutional investors and hedge funds have recently modified their holdings of MCFT. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of MasterCraft Boat during the first quarter worth about $43,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of MasterCraft Boat during the third quarter worth about $86,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of MasterCraft Boat by 41.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,486 shares of the company’s stock worth $102,000 after purchasing an additional 1,306 shares during the period. Quantbot Technologies LP acquired a new stake in shares of MasterCraft Boat during the third quarter worth about $116,000. Finally, Carmel Capital Partners LLC lifted its holdings in shares of MasterCraft Boat by 596.4% during the fourth quarter. Carmel Capital Partners LLC now owns 8,879 shares of the company’s stock worth $201,000 after purchasing an additional 7,604 shares during the period. Institutional investors and hedge funds own 97.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. B. Riley cut their target price on MasterCraft Boat from $24.00 to $22.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 16th. Stifel Nicolaus cut their target price on 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $24.00.

View Our Latest Analysis on MCFT

MasterCraft Boat Company Profile

(Get Free Report)

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.

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