Isthmus Partners LLC Has $2.15 Million Stake in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Isthmus Partners LLC lowered its position in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) by 19.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 118,113 shares of the company’s stock after selling 28,593 shares during the period. Isthmus Partners LLC owned 0.70% of MasterCraft Boat worth $2,151,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. US Bancorp DE lifted its position in shares of MasterCraft Boat by 64.0% in the 3rd quarter. US Bancorp DE now owns 5,123 shares of the company’s stock worth $93,000 after purchasing an additional 2,000 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of MasterCraft Boat by 191.7% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,250 shares of the company’s stock valued at $98,000 after acquiring an additional 3,450 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of MasterCraft Boat in the 3rd quarter valued at $126,000. Quest Partners LLC bought a new stake in shares of MasterCraft Boat in the 3rd quarter valued at $150,000. Finally, Squarepoint Ops LLC bought a new stake in shares of MasterCraft Boat in the 2nd quarter valued at $190,000. Institutional investors and hedge funds own 97.64% of the company’s stock.

MasterCraft Boat Stock Up 0.9 %

Shares of NASDAQ:MCFT opened at $21.16 on Friday. The company’s 50-day moving average is $18.67 and its 200 day moving average is $19.26. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.49. MasterCraft Boat Holdings, Inc. has a fifty-two week low of $16.12 and a fifty-two week high of $24.05.

MasterCraft Boat (NASDAQ:MCFT) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. The company had revenue of $65.40 million for the quarter, compared to the consensus estimate of $61.19 million. MasterCraft Boat had a negative net margin of 1.08% and a positive return on equity of 6.55%. The firm’s quarterly revenue was down 37.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 EPS. Equities analysts forecast that MasterCraft Boat Holdings, Inc. will post 0.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MCFT. B. Riley lifted their price objective on shares of MasterCraft Boat from $14.00 to $18.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Truist Financial boosted their price target on shares of MasterCraft Boat from $15.00 to $22.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. Stifel Nicolaus restated a “buy” rating and set a $22.00 price target on shares of MasterCraft Boat in a research note on Friday, August 30th. StockNews.com lowered shares of MasterCraft Boat from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd. Finally, DA Davidson boosted their price target on shares of MasterCraft Boat from $17.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, MasterCraft Boat presently has an average rating of “Hold” and a consensus target price of $21.25.

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.