Gratia Capital LLC Decreases Stock Position in Mastercraft Boat Holdings, Inc. $MCFT

Gratia Capital LLC lowered its stake in Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) by 21.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 153,917 shares of the company’s stock after selling 41,123 shares during the quarter. Mastercraft Boat makes up approximately 2.4% of Gratia Capital LLC’s investment portfolio, making the stock its 9th largest position. Gratia Capital LLC owned 0.95% of Mastercraft Boat worth $3,974,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Engineers Gate Manager LP increased its position in Mastercraft Boat by 37.5% during the 2nd quarter. Engineers Gate Manager LP now owns 22,704 shares of the company’s stock worth $586,000 after purchasing an additional 6,197 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of Mastercraft Boat by 656.2% during the second quarter. California State Teachers Retirement System now owns 6,481 shares of the company’s stock worth $167,000 after buying an additional 5,624 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of Mastercraft Boat during the second quarter worth $506,000. Pillsbury Lake Capital LLC acquired a new position in shares of Mastercraft Boat during the second quarter worth $12,886,943. Finally, Bank of America Corp DE acquired a new position in shares of Mastercraft Boat during the second quarter worth $1,194,000. 97.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

MCFT has been the topic of several recent research reports. Truist Financial raised their price objective on Mastercraft Boat from $25.00 to $28.00 and gave the company a “hold” rating in a report on Monday, July 6th. Zacks Research cut Mastercraft Boat from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th. Finally, Weiss Ratings upgraded Mastercraft Boat from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $26.33.

Mastercraft Boat Stock Down 3.1%

Shares of Mastercraft Boat stock opened at $22.79 on Thursday. The stock has a market cap of $371.02 million, a price-to-earnings ratio of 33.52 and a beta of 1.07. Mastercraft Boat Holdings, Inc. has a twelve month low of $17.19 and a twelve month high of $28.44. The company’s fifty day moving average is $24.35 and its 200 day moving average is $23.18.

Mastercraft Boat Company Profile

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.