GSA Capital Partners LLP Invests $1.36 Million in Mastercraft Boat Holdings, Inc. $MCFT

GSA Capital Partners LLP acquired a new stake in Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 71,652 shares of the company’s stock, valued at approximately $1,355,000. GSA Capital Partners LLP owned approximately 0.44% of Mastercraft Boat at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of MCFT. Arrowstreet Capital Limited Partnership grew its stake in Mastercraft Boat by 212.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 220,819 shares of the company’s stock valued at $4,739,000 after buying an additional 150,125 shares in the last quarter. Corient Private Wealth LLC purchased a new position in Mastercraft Boat in the 2nd quarter valued at approximately $2,065,000. JPMorgan Chase & Co. grew its stake in Mastercraft Boat by 1,252.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 112,930 shares of the company’s stock valued at $2,423,000 after buying an additional 104,577 shares in the last quarter. UBS Group AG grew its stake in Mastercraft Boat by 130.6% in the 4th quarter. UBS Group AG now owns 107,912 shares of the company’s stock valued at $2,041,000 after buying an additional 61,120 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in Mastercraft Boat by 274.0% in the 3rd quarter. Alliancebernstein L.P. now owns 65,890 shares of the company’s stock valued at $1,414,000 after buying an additional 48,270 shares in the last quarter. 97.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Mastercraft Boat

In other news, major shareholder Fund L.P. Forager sold 26,497 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $23.50, for a total transaction of $622,679.50. Following the completion of the transaction, the insider directly owned 1,611,277 shares in the company, valued at $37,865,009.50. The trade was a 1.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.50% of the stock is owned by company insiders.

Mastercraft Boat Price Performance

MCFT opened at $23.09 on Thursday. The company has a fifty day moving average price of $22.16 and a 200-day moving average price of $21.15. The firm has a market capitalization of $375.91 million, a P/E ratio of 33.96 and a beta of 1.09. Mastercraft Boat Holdings, Inc. has a one year low of $16.46 and a one year high of $28.44.

Mastercraft Boat (NASDAQ:MCFT) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. The firm had revenue of $78.21 million during the quarter, compared to analyst estimates of $75.55 million. Mastercraft Boat had a net margin of 3.72% and a return on equity of 10.56%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.30 EPS. Mastercraft Boat has set its FY 2026 guidance at 1.650-1.650 EPS. On average, analysts expect that Mastercraft Boat Holdings, Inc. will post 1.34 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on MCFT. Truist Financial lifted their price objective on shares of Mastercraft Boat from $21.00 to $25.00 and gave the company a “hold” rating in a research note on Monday, April 27th. Weiss Ratings lowered shares of Mastercraft Boat from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Robert W. Baird set a $30.00 price objective on shares of Mastercraft Boat in a research note on Friday, May 8th. Zacks Research lowered shares of Mastercraft Boat from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Finally, B. Riley Financial reiterated a “neutral” rating on shares of Mastercraft Boat in a research note on Friday, February 6th. One investment analyst has rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Mastercraft Boat has a consensus rating of “Hold” and an average target price of $24.80.

About Mastercraft Boat

MasterCraft Boat Holdings, Inc (NASDAQ: MCFT) is a designer, manufacturer and marketer of high-performance recreational powerboats. The company’s portfolio includes the MasterCraft®, Aviara®, Crest® Classic and Supra® brands, each of which features multiple model lines tailored for activities such as wakeboarding, waterskiing, cruising and luxury day boating. MasterCraft oversees the full product lifecycle from hull design and propulsion engineering to interior appointments and final assembly.

Founded in 1968 and headquartered in Vonore, Tennessee, MasterCraft has built a reputation for innovation in hull design, ballast systems and tower architecture to enhance wake performance and ride quality.