GSA Capital Partners LLP acquired a new position in shares of Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 71,652 shares of the company’s stock, valued at approximately $1,355,000.
A number of other hedge funds also recently made changes to their positions in MCFT. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Mastercraft Boat by 212.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 220,819 shares of the company’s stock worth $4,739,000 after acquiring an additional 150,125 shares during the last quarter. Corient Private Wealth LLC bought a new stake in shares of Mastercraft Boat during the 2nd quarter worth $2,065,000. JPMorgan Chase & Co. lifted its holdings in shares of Mastercraft Boat by 1,252.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 112,930 shares of the company’s stock worth $2,423,000 after acquiring an additional 104,577 shares during the last quarter. UBS Group AG lifted its holdings in shares of Mastercraft Boat by 130.6% during the 4th quarter. UBS Group AG now owns 107,912 shares of the company’s stock worth $2,041,000 after acquiring an additional 61,120 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of Mastercraft Boat by 274.0% during the 3rd quarter. Alliancebernstein L.P. now owns 65,890 shares of the company’s stock worth $1,414,000 after acquiring an additional 48,270 shares during the last quarter. 97.64% of the stock is owned by institutional investors.
Analyst Ratings Changes
MCFT has been the subject of a number of research analyst reports. B. Riley Financial reaffirmed a “neutral” rating on shares of Mastercraft Boat in a report on Friday, February 6th. Weiss Ratings downgraded shares of Mastercraft Boat from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Truist Financial lifted their price objective on shares of Mastercraft Boat from $21.00 to $25.00 and gave the stock a “hold” rating in a report on Monday, April 27th. Robert W. Baird set a $30.00 price target on shares of Mastercraft Boat in a research note on Friday, May 8th. Finally, Zacks Research downgraded shares of Mastercraft Boat from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. One analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Mastercraft Boat has a consensus rating of “Hold” and an average price target of $24.80.
Mastercraft Boat Stock Up 5.0%
Mastercraft Boat stock opened at $23.09 on Thursday. The company has a market capitalization of $375.91 million, a PE ratio of 33.96 and a beta of 1.09. The firm has a fifty day simple moving average of $22.16 and a two-hundred day simple moving average of $21.15. Mastercraft Boat Holdings, Inc. has a twelve month low of $16.46 and a twelve month high of $28.44.
Mastercraft Boat (NASDAQ:MCFT – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.09. The business had revenue of $78.21 million during the quarter, compared to the consensus estimate of $75.55 million. Mastercraft Boat had a net margin of 3.72% and a return on equity of 10.56%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 earnings per share. Mastercraft Boat has set its FY 2026 guidance at 1.650-1.650 EPS. As a group, equities analysts expect that Mastercraft Boat Holdings, Inc. will post 1.34 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Mastercraft Boat 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 value of $622,679.50. Following the completion of the sale, the insider directly owned 1,611,277 shares of the company’s stock, valued at $37,865,009.50. The trade was a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.50% of the stock is owned by corporate insiders.
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.
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