MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Major Shareholder Buys $1,016,206.11 in Stock

MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) major shareholder Coliseum Capital Management, L bought 53,853 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was acquired at an average cost of $18.87 per share, for a total transaction of $1,016,206.11. Following the completion of the purchase, the insider now directly owns 3,426,523 shares in the company, valued at approximately $64,658,489.01. This represents a 1.60 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Coliseum Capital Management, L also recently made the following trade(s):

• On Monday, December 30th, Coliseum Capital Management, L purchased 55,000 shares of MasterCraft Boat stock. The stock was bought at an average cost of $18.83 per share, with a total value of $1,035,650.00.

MasterCraft Boat Trading Up 1.3 %

Shares of MasterCraft Boat stock traded up $0.24 during trading hours on Monday, hitting $18.96. The company’s stock had a trading volume of 126,213 shares, compared to its average volume of 150,886. The stock has a market cap of $318.45 million, a price-to-earnings ratio of -82.43 and a beta of 1.64. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.49 and a current ratio of 2.01. MasterCraft Boat Holdings, Inc. has a twelve month low of $16.12 and a twelve month high of $24.05. The firm has a fifty day moving average of $19.64 and a 200-day moving average of $19.09.

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

Wall Street Analyst Weigh In

MCFT has been the subject of several analyst reports. Truist Financial upped their target price on MasterCraft Boat from $15.00 to $22.00 and gave the company a “hold” rating in a report on Thursday, November 7th. B. Riley upped their price objective on shares of MasterCraft Boat from $14.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. DA Davidson lifted their target price on shares of MasterCraft Boat from $17.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, StockNews.com upgraded shares of MasterCraft Boat from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $21.25.

Institutional Trading of MasterCraft Boat

Institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE raised its position in MasterCraft Boat by 64.0% in the third quarter. US Bancorp DE now owns 5,123 shares of the company’s stock valued at $93,000 after purchasing an additional 2,000 shares during the period. SG Americas Securities LLC acquired a new stake in shares of MasterCraft Boat in the third quarter valued at $126,000. Quest Partners LLC purchased a new stake in shares of MasterCraft Boat in the 3rd quarter valued at $150,000. Squarepoint Ops LLC acquired a new position in MasterCraft Boat during the 2nd quarter worth about $190,000. Finally, Metis Global Partners LLC purchased a new position in MasterCraft Boat during the 3rd quarter valued at about $190,000. Institutional investors and hedge funds own 97.64% of the company’s stock.

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.