ClariVest Asset Management LLC grew its stake in shares of Mastercraft Boat Holdings Inc (NASDAQ:MCFT) by 145.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 181,158 shares of the company’s stock after acquiring an additional 107,320 shares during the period. ClariVest Asset Management LLC owned about 0.97% of Mastercraft Boat worth $3,387,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the company. Teachers Advisors LLC grew its position in shares of Mastercraft Boat by 1.4% during the 3rd quarter. Teachers Advisors LLC now owns 104,405 shares of the company’s stock valued at $3,746,000 after acquiring an additional 1,419 shares during the period. American Century Companies Inc. boosted its holdings in Mastercraft Boat by 0.8% in the 3rd quarter. American Century Companies Inc. now owns 300,121 shares of the company’s stock worth $10,768,000 after buying an additional 2,446 shares during the period. Summit Global Investments boosted its holdings in Mastercraft Boat by 13.4% in the 3rd quarter. Summit Global Investments now owns 25,400 shares of the company’s stock worth $911,000 after buying an additional 3,000 shares during the period. Neuberger Berman Group LLC boosted its holdings in Mastercraft Boat by 9.8% in the 3rd quarter. Neuberger Berman Group LLC now owns 42,045 shares of the company’s stock worth $1,508,000 after buying an additional 3,750 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in Mastercraft Boat by 46.9% in the 3rd quarter. Victory Capital Management Inc. now owns 15,257 shares of the company’s stock worth $547,000 after buying an additional 4,870 shares during the period. 90.21% of the stock is owned by hedge funds and other institutional investors.
MCFT opened at $21.13 on Thursday. The company has a market capitalization of $401.57 million, a P/E ratio of 10.41, a price-to-earnings-growth ratio of 0.52 and a beta of 1.67. Mastercraft Boat Holdings Inc has a 12 month low of $17.60 and a 12 month high of $39.50. The company has a quick ratio of 0.37, a current ratio of 0.77 and a debt-to-equity ratio of 1.17.
Mastercraft Boat (NASDAQ:MCFT) last released its quarterly earnings data on Thursday, February 7th. The company reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.05. The company had revenue of $121.50 million during the quarter, compared to the consensus estimate of $112.54 million. Mastercraft Boat had a net margin of 10.69% and a return on equity of 88.18%. Mastercraft Boat’s revenue for the quarter was up 55.0% on a year-over-year basis. During the same period last year, the firm earned $0.42 EPS. On average, equities analysts expect that Mastercraft Boat Holdings Inc will post 2.69 earnings per share for the current year.
Several research firms recently commented on MCFT. ValuEngine downgraded shares of Mastercraft Boat from a “buy” rating to a “hold” rating in a report on Friday, October 19th. BidaskClub downgraded shares of Mastercraft Boat from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 24th. Wells Fargo & Co cut their price objective on shares of Mastercraft Boat from $41.00 to $27.00 and set an “outperform” rating for the company in a report on Tuesday, December 18th. Finally, Zacks Investment Research downgraded shares of Mastercraft Boat from a “buy” rating to a “hold” rating in a report on Wednesday, December 19th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $38.00.
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Mastercraft Boat Company Profile
MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. The company operates in two segments, MasterCraft and NauticStar. It offers sport boats and outboard boats, which are used for water skiing, wakeboarding, wake surfing, and fishing, as well as general recreational boating.
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