Isthmus Partners LLC Purchases 773 Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Isthmus Partners LLC lifted its position in shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) by 0.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 118,886 shares of the company’s stock after purchasing an additional 773 shares during the quarter. Isthmus Partners LLC’s holdings in MasterCraft Boat were worth $2,267,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of MCFT. LHM Inc. bought a new stake in MasterCraft Boat during the fourth quarter valued at $1,636,000. Victory Capital Management Inc. lifted its stake in shares of MasterCraft Boat by 2.0% in the 4th quarter. Victory Capital Management Inc. now owns 73,112 shares of the company’s stock valued at $1,394,000 after purchasing an additional 1,430 shares during the period. Principal Financial Group Inc. boosted its position in shares of MasterCraft Boat by 9.4% during the 4th quarter. Principal Financial Group Inc. now owns 11,502 shares of the company’s stock valued at $219,000 after purchasing an additional 993 shares in the last quarter. Rhumbline Advisers increased its holdings in MasterCraft Boat by 2.0% in the fourth quarter. Rhumbline Advisers now owns 27,432 shares of the company’s stock worth $523,000 after purchasing an additional 528 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its holdings in MasterCraft Boat by 106.8% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 12,200 shares of the company’s stock worth $233,000 after purchasing an additional 6,300 shares in the last quarter. 97.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Coliseum Capital Management, L purchased 53,853 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The shares were bought at an average cost of $18.87 per share, with a total value of $1,016,206.11. Following the completion of the transaction, the insider now directly owns 3,426,523 shares of the company’s stock, valued at approximately $64,658,489.01. This trade represents a 1.60 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 4.00% of the company’s stock.

MasterCraft Boat Trading Up 0.3 %

Shares of MCFT stock opened at $18.08 on Monday. The firm has a fifty day simple moving average of $18.45 and a two-hundred day simple moving average of $18.72. MasterCraft Boat Holdings, Inc. has a 12 month low of $16.12 and a 12 month high of $24.05. The firm has a market capitalization of $302.89 million, a PE ratio of -45.20 and a beta of 1.71.

MasterCraft Boat (NASDAQ:MCFT) last posted its earnings results on Thursday, February 6th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.01 by $0.04. MasterCraft Boat had a negative net margin of 2.29% and a positive return on equity of 3.74%. On average, equities analysts predict that MasterCraft Boat Holdings, Inc. will post 0.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. DA Davidson reduced their price objective on shares of MasterCraft Boat from $23.00 to $22.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. StockNews.com cut shares of MasterCraft Boat from a “hold” rating to a “sell” rating in a report on Friday. B. Riley upgraded shares of MasterCraft Boat to a “hold” rating in a report on Wednesday, February 12th. Finally, Truist Financial reduced their target price on MasterCraft Boat from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $20.50.

MasterCraft Boat Company 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.