MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Receives Average Rating of “Hold” from Analysts

Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) have been given an average rating of “Hold” by the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $19.60.

MCFT has been the subject of a number of recent analyst reports. Baird R W lowered shares of MasterCraft Boat from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Truist Financial cut their price target on MasterCraft Boat from $22.00 to $16.00 and set a “hold” rating on the stock in a report on Monday, April 14th. DA Davidson reduced their price target on MasterCraft Boat from $23.00 to $22.00 and set a “neutral” rating on the stock in a research report on Monday, February 10th. B. Riley raised shares of MasterCraft Boat to a “hold” rating in a research report on Wednesday, February 12th. Finally, StockNews.com upgraded MasterCraft Boat from a “sell” rating to a “hold” rating in a research note on Friday.

MasterCraft Boat Stock Up 1.6 %

MasterCraft Boat stock opened at $16.92 on Tuesday. MasterCraft Boat has a 52-week low of $14.39 and a 52-week high of $23.00. The firm’s fifty day moving average is $16.76 and its 200 day moving average is $18.31. The company has a market cap of $283.46 million, a price-to-earnings ratio of -42.30 and a beta of 1.12.

MasterCraft Boat (NASDAQ:MCFT) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. MasterCraft Boat had a negative net margin of 2.29% and a positive return on equity of 3.74%. On average, equities research analysts anticipate that MasterCraft Boat will post 0.62 earnings per share for the current fiscal year.

Insider Transactions at MasterCraft Boat

In other MasterCraft Boat news, major shareholder Fund L.P. Forager purchased 4,563 shares of MasterCraft Boat stock in a transaction that occurred on Monday, April 21st. The stock was bought at an average price of $15.99 per share, with a total value of $72,962.37. Following the acquisition, the insider now owns 1,729,504 shares of the company’s stock, valued at $27,654,768.96. This trade represents a 0.26 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have bought 77,420 shares of company stock valued at $1,261,191 in the last 90 days. 4.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. acquired a new position in MasterCraft Boat in the 3rd quarter valued at $191,000. SG Americas Securities LLC grew its holdings in shares of MasterCraft Boat by 10.7% during the 4th quarter. SG Americas Securities LLC now owns 7,673 shares of the company’s stock worth $146,000 after purchasing an additional 742 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of MasterCraft Boat by 106.8% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 12,200 shares of the company’s stock valued at $233,000 after acquiring an additional 6,300 shares during the last quarter. Rhumbline Advisers increased its holdings in MasterCraft Boat by 2.0% in the 4th quarter. Rhumbline Advisers now owns 27,432 shares of the company’s stock valued at $523,000 after purchasing an additional 528 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of MasterCraft Boat by 2.0% in the 4th quarter. Victory Capital Management Inc. now owns 73,112 shares of the company’s stock valued at $1,394,000 after buying an additional 1,430 shares during the period. Hedge funds and other institutional investors 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.