MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Major Shareholder Coliseum Capital Management, L Purchases 63,600 Shares

MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) major shareholder Coliseum Capital Management, L bought 63,600 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were acquired at an average price of $20.27 per share, with a total value of $1,289,172.00. Following the completion of the transaction, the insider now owns 3,137,573 shares of the company’s stock, valued at approximately $63,598,604.71. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Monday, June 17th, Coliseum Capital Management, L acquired 53,856 shares of MasterCraft Boat stock. The stock was purchased at an average price of $19.70 per share, with a total value of $1,060,963.20.
• On Monday, June 10th, Coliseum Capital Management, L acquired 18,084 shares of MasterCraft Boat stock. The stock was purchased at an average price of $20.57 per share, with a total value of $371,987.88.
• On Thursday, June 6th, Coliseum Capital Management, L acquired 98,446 shares of MasterCraft Boat stock. The stock was purchased at an average price of $20.35 per share, with a total value of $2,003,376.10.
• On Wednesday, May 22nd, Coliseum Capital Management, L acquired 175,022 shares of MasterCraft Boat stock. The stock was purchased at an average price of $20.98 per share, with a total value of $3,671,961.56.
• On Monday, May 20th, Coliseum Capital Management, L acquired 105,000 shares of MasterCraft Boat stock. The stock was purchased at an average price of $20.75 per share, with a total value of $2,178,750.00.
• On Friday, May 10th, Coliseum Capital Management, L acquired 22,484 shares of MasterCraft Boat stock. The stock was purchased at an average price of $20.36 per share, with a total value of $457,774.24.
• On Wednesday, May 8th, Coliseum Capital Management, L bought 47,500 shares of MasterCraft Boat stock. The stock was purchased at an average price of $19.13 per share, with a total value of $908,675.00.
• On Monday, April 22nd, Coliseum Capital Management, L purchased 26,039 shares of MasterCraft Boat stock. The stock was purchased at an average price of $21.34 per share, for a total transaction of $555,672.26.
• On Thursday, April 18th, Coliseum Capital Management, L bought 107,083 shares of MasterCraft Boat stock. The shares were purchased at an average cost of $20.81 per share, with a total value of $2,228,397.23.
• On Friday, April 12th, Coliseum Capital Management, L purchased 60,000 shares of MasterCraft Boat stock. The stock was purchased at an average cost of $21.84 per share, for a total transaction of $1,310,400.00.

MasterCraft Boat Price Performance

Shares of MCFT opened at $19.97 on Tuesday. The firm has a market capitalization of $339.09 million, a PE ratio of 9.00 and a beta of 1.61. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.02 and a quick ratio of 1.54. MasterCraft Boat Holdings, Inc. has a 1-year low of $18.01 and a 1-year high of $31.70. The company’s fifty day moving average price is $20.79 and its 200-day moving average price is $21.40.

MasterCraft Boat (NASDAQ:MCFT) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.09. The firm had revenue of $95.71 million for the quarter, compared to analyst estimates of $92.32 million. MasterCraft Boat had a net margin of 8.26% and a return on equity of 21.71%. On average, equities research analysts predict that MasterCraft Boat Holdings, Inc. will post 0.85 EPS for the current year.

Institutional Investors Weigh In On MasterCraft Boat

Large investors have recently made changes to their positions in the stock. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in MasterCraft Boat in the first quarter valued at $43,000. DekaBank Deutsche Girozentrale purchased a new stake in MasterCraft Boat in the third quarter valued at $86,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in MasterCraft Boat by 41.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,486 shares of the company’s stock valued at $102,000 after purchasing an additional 1,306 shares during the last quarter. Carmel Capital Partners LLC boosted its holdings in MasterCraft Boat by 596.4% in the fourth quarter. Carmel Capital Partners LLC now owns 8,879 shares of the company’s stock valued at $201,000 after purchasing an additional 7,604 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in MasterCraft Boat by 51.5% in the third quarter. New York State Common Retirement Fund now owns 9,604 shares of the company’s stock valued at $213,000 after purchasing an additional 3,265 shares during the last quarter. 97.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MCFT has been the topic of a number of recent analyst reports. B. Riley reduced their price target on MasterCraft Boat from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 16th. Stifel Nicolaus reduced their price target on MasterCraft Boat from $27.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, MasterCraft Boat presently has a consensus rating of “Hold” and a consensus target price of $24.00.

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.