Swiss National Bank raised its stake in Mastercraft Boat Holdings Inc (NASDAQ:MCFT) by 2.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,800 shares of the company’s stock after buying an additional 700 shares during the quarter. Swiss National Bank owned about 0.19% of Mastercraft Boat worth $682,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mesirow Financial Investment Management Inc. lifted its position in Mastercraft Boat by 68.6% in the second quarter. Mesirow Financial Investment Management Inc. now owns 22,047 shares of the company’s stock valued at $442,000 after buying an additional 8,970 shares during the last quarter. Bowling Portfolio Management LLC increased its stake in Mastercraft Boat by 31.0% during the second quarter. Bowling Portfolio Management LLC now owns 61,091 shares of the company’s stock worth $1,197,000 after purchasing an additional 14,446 shares during the period. Clark Estates Inc. NY purchased a new stake in Mastercraft Boat during the first quarter worth about $3,340,000. Virginia Retirement Systems ET AL increased its stake in Mastercraft Boat by 23.2% during the second quarter. Virginia Retirement Systems ET AL now owns 70,200 shares of the company’s stock worth $1,375,000 after purchasing an additional 13,200 shares during the period. Finally, Wasatch Advisors Inc. purchased a new stake in Mastercraft Boat during the first quarter worth about $6,783,000. 94.77% of the stock is currently owned by institutional investors.
Shares of MCFT stock traded up $0.69 during trading hours on Friday, hitting $14.68. The stock had a trading volume of 6,812 shares, compared to its average volume of 241,842. The firm has a market capitalization of $329.36 million, a PE ratio of 7.19, a PEG ratio of 0.61 and a beta of 1.67. Mastercraft Boat Holdings Inc has a twelve month low of $13.33 and a twelve month high of $39.50. The stock’s 50 day moving average is $15.26 and its 200 day moving average is $20.62. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.79 and a quick ratio of 0.38.
Mastercraft Boat (NASDAQ:MCFT) last posted its quarterly earnings data on Thursday, September 12th. The company reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.06. The business had revenue of $122.81 million during the quarter, compared to the consensus estimate of $126.21 million. Mastercraft Boat had a return on equity of 73.69% and a net margin of 10.15%. The company’s revenue was up 28.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.68 earnings per share. As a group, equities analysts predict that Mastercraft Boat Holdings Inc will post 2.71 earnings per share for the current year.
A number of brokerages have issued reports on MCFT. ValuEngine lowered shares of Mastercraft Boat from a “sell” rating to a “strong sell” rating in a research note on Friday, May 24th. B. Riley cut their target price on shares of Mastercraft Boat from $43.00 to $37.00 and set a “buy” rating on the stock in a research note on Tuesday, August 27th. BidaskClub upgraded shares of Mastercraft Boat from a “strong sell” rating to a “sell” rating in a research note on Tuesday. SunTrust Banks cut their target price on shares of Mastercraft Boat from $18.00 to $15.00 and set a “hold” rating on the stock in a research note on Friday. Finally, Raymond James lowered shares of Mastercraft Boat from a “strong-buy” rating to a “market perform” rating in a research note on Monday, July 22nd. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Mastercraft Boat has a consensus rating of “Hold” and an average price target of $29.20.
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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