MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Given Consensus Recommendation of “Hold” by Brokerages

MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) has been assigned a consensus recommendation of “Hold” from the six brokerages that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $19.60.

Several research analysts recently commented on MCFT shares. Truist Financial reduced their price objective on MasterCraft Boat from $22.00 to $16.00 and set a “hold” rating for the company in a research note on Monday, April 14th. B. Riley raised shares of MasterCraft Boat to a “hold” rating in a research note on Wednesday, February 12th. DA Davidson dropped their price objective on shares of MasterCraft Boat from $23.00 to $22.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. Robert W. Baird reiterated a “neutral” rating and issued a $20.00 price objective (down previously from $26.00) on shares of MasterCraft Boat in a report on Friday, April 4th. Finally, StockNews.com cut MasterCraft Boat from a “hold” rating to a “sell” rating in a report on Thursday, April 24th.

Insider Activity

In other MasterCraft Boat news, major shareholder Fund L.P. Forager bought 11,172 shares of MasterCraft Boat stock in a transaction on Thursday, April 17th. The shares were bought at an average price of $15.82 per share, for a total transaction of $176,741.04. Following the completion of the transaction, the insider now directly owns 1,724,941 shares of the company’s stock, valued at $27,288,566.62. This trade represents a 0.65 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. In the last 90 days, insiders have bought 35,220 shares of company stock valued at $561,969. 4.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of MCFT. Franklin Resources Inc. boosted its position in shares of MasterCraft Boat by 32.0% during the 4th quarter. Franklin Resources Inc. now owns 254,193 shares of the company’s stock worth $4,847,000 after purchasing an additional 61,554 shares during the period. Principal Financial Group Inc. boosted its position in shares of MasterCraft Boat by 9.4% during the fourth quarter. Principal Financial Group Inc. now owns 11,502 shares of the company’s stock worth $219,000 after buying an additional 993 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of MasterCraft Boat in the fourth quarter valued at $448,000. LHM Inc. purchased a new stake in shares of MasterCraft Boat in the 4th quarter valued at $1,636,000. Finally, Trexquant Investment LP acquired a new position in MasterCraft Boat during the 4th quarter worth about $463,000. Institutional investors and hedge funds own 97.64% of the company’s stock.

MasterCraft Boat Stock Performance

Shares of NASDAQ MCFT opened at $16.27 on Tuesday. The firm has a fifty day moving average of $16.89 and a 200 day moving average of $18.34. The firm has a market cap of $272.57 million, a PE ratio of -40.67 and a beta of 1.34. MasterCraft Boat has a one year low of $14.39 and a one year high of $23.00.

MasterCraft Boat (NASDAQ:MCFT) last released its earnings results on Thursday, February 6th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. MasterCraft Boat had a negative net margin of 2.29% and a positive return on equity of 3.74%. On average, equities analysts predict that MasterCraft Boat will post 0.62 EPS for the current fiscal year.

About MasterCraft Boat

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.