Quest Partners LLC Buys New Shares in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Quest Partners LLC bought a new stake in shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 17,355 shares of the company’s stock, valued at approximately $393,000. Quest Partners LLC owned approximately 0.10% of MasterCraft Boat as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Wellington Management Group LLP lifted its stake in MasterCraft Boat by 73.5% in the 3rd quarter. Wellington Management Group LLP now owns 530,900 shares of the company’s stock worth $11,797,000 after purchasing an additional 224,900 shares in the last quarter. AQR Capital Management LLC lifted its stake in MasterCraft Boat by 29.6% in the 3rd quarter. AQR Capital Management LLC now owns 412,977 shares of the company’s stock worth $9,176,000 after purchasing an additional 94,420 shares in the last quarter. American Century Companies Inc. lifted its stake in MasterCraft Boat by 15.8% in the 3rd quarter. American Century Companies Inc. now owns 258,634 shares of the company’s stock worth $5,747,000 after purchasing an additional 35,374 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in MasterCraft Boat by 0.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 212,562 shares of the company’s stock worth $4,723,000 after purchasing an additional 617 shares in the last quarter. Finally, Seizert Capital Partners LLC increased its holdings in shares of MasterCraft Boat by 52.0% in the 3rd 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 last quarter. Hedge funds and other institutional investors own 97.64% of the company’s stock.

MasterCraft Boat Stock Performance

MCFT stock traded up $0.87 during midday trading on Friday, hitting $21.39. 244,138 shares of the stock traded hands, compared to its average volume of 216,297. The firm has a market cap of $363.20 million, a P/E ratio of 9.64 and a beta of 1.65. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.02 and a quick ratio of 1.54. The stock’s fifty day simple moving average is $21.47 and its 200-day simple moving average is $21.38. MasterCraft Boat Holdings, Inc. has a 1-year low of $18.01 and a 1-year high of $31.70.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Stifel Nicolaus cut their price target on shares of MasterCraft Boat from $27.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. B. Riley decreased 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $24.00.

Insider Buying and Selling at MasterCraft Boat

In related news, major shareholder Coliseum Capital Management, L acquired 118,620 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were acquired at an average cost of $21.84 per share, with a total value of $2,590,660.80. Following the completion of the acquisition, the insider now directly owns 2,151,676 shares in the company, valued at approximately $46,992,603.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have purchased a total of 697,223 shares of company stock valued at $14,647,623 over the last ninety days. Corporate insiders own 2.50% of the company’s stock.

MasterCraft Boat 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.