MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lessened its stake in shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) by 19.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,320 shares of the company’s stock after selling 15,669 shares during the quarter. Los Angeles Capital Management LLC owned about 0.38% of MasterCraft Boat worth $1,479,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other news, major shareholder Coliseum Capital Management, L purchased 118,620 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were acquired at an average price of $21.84 per share, with a total value of $2,590,660.80. Following the completion of the purchase, the insider now directly owns 2,151,676 shares of the company’s stock, valued at approximately $46,992,603.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders have bought 347,217 shares of company stock valued at $7,430,463. 2.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MCFT has been the topic of a number of research analyst reports. Truist Financial lifted their price target on MasterCraft Boat from $20.00 to $22.00 and gave the company a “hold” rating in a report on Tuesday, January 9th. B. Riley cut their target price on shares of MasterCraft Boat from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday, April 16th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, MasterCraft Boat has a consensus rating of “Hold” and an average target price of $24.67.

MasterCraft Boat Stock Performance

Shares of NASDAQ:MCFT opened at $20.08 on Wednesday. MasterCraft Boat Holdings, Inc. has a fifty-two week low of $19.22 and a fifty-two week high of $31.70. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.11 and a quick ratio of 1.58. The business’s fifty day moving average price is $21.66 and its two-hundred day moving average price is $21.42. The stock has a market capitalization of $341.96 million, a price-to-earnings ratio of 6.14 and a beta of 1.65.

MasterCraft Boat (NASDAQ:MCFT) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.17. MasterCraft Boat had a return on equity of 32.01% and a net margin of 10.66%. The firm had revenue of $99.48 million during the quarter, compared to the consensus estimate of $95.53 million. During the same quarter in the previous year, the company posted $1.16 EPS. The business’s revenue for the quarter was down 37.5% compared to the same quarter last year. As a group, analysts predict that MasterCraft Boat Holdings, Inc. will post 1.51 EPS for the current fiscal year.

MasterCraft Boat Company Profile

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.