MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Shares Sold by Wasatch Advisors LP

Wasatch Advisors LP reduced its position in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) by 10.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 349,975 shares of the company’s stock after selling 42,974 shares during the quarter. Wasatch Advisors LP’s holdings in MasterCraft Boat were worth $6,373,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Systematic Financial Management LP boosted its holdings in shares of MasterCraft Boat by 2.8% in the second quarter. Systematic Financial Management LP now owns 963,173 shares of the company’s stock valued at $18,185,000 after acquiring an additional 26,077 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of MasterCraft Boat by 13.1% during the second quarter. Dimensional Fund Advisors LP now owns 714,208 shares of the company’s stock worth $13,484,000 after purchasing an additional 82,509 shares during the last quarter. American Century Companies Inc. raised its stake in shares of MasterCraft Boat by 14.8% during the second quarter. American Century Companies Inc. now owns 395,570 shares of the company’s stock worth $7,468,000 after purchasing an additional 51,016 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of MasterCraft Boat by 0.7% during the second quarter. Renaissance Technologies LLC now owns 214,400 shares of the company’s stock worth $4,048,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in shares of MasterCraft Boat by 2.1% during the third quarter. Empowered Funds LLC now owns 192,029 shares of the company’s stock worth $3,497,000 after purchasing an additional 4,036 shares during the last quarter. 97.64% of the stock is owned by institutional investors and hedge funds.

MasterCraft Boat Trading Up 0.2 %

NASDAQ:MCFT opened at $21.20 on Friday. The stock has a fifty day moving average price of $18.78 and a two-hundred day moving average price of $19.27. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.28. MasterCraft Boat Holdings, Inc. has a 1 year low of $16.12 and a 1 year high of $24.05.

MasterCraft Boat (NASDAQ:MCFT) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.09. The firm had revenue of $65.40 million during the quarter, compared to analysts’ expectations of $61.19 million. MasterCraft Boat had a positive return on equity of 6.55% and a negative net margin of 1.08%. MasterCraft Boat’s revenue was down 37.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 earnings per share. As a group, equities research analysts forecast that MasterCraft Boat Holdings, Inc. will post 0.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. B. Riley upped their price target on MasterCraft Boat from $14.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. StockNews.com cut MasterCraft Boat from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd. 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. Truist Financial upped their price target on MasterCraft Boat from $15.00 to $22.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. Finally, DA Davidson increased their price objective on MasterCraft Boat from $17.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, MasterCraft Boat presently has a consensus rating of “Hold” and a consensus price target 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.