American Century Companies Inc. Acquires 51,016 Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

American Century Companies Inc. grew its stake in shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) by 14.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 395,570 shares of the company’s stock after buying an additional 51,016 shares during the quarter. American Century Companies Inc. owned 2.33% of MasterCraft Boat worth $7,468,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Isthmus Partners LLC grew its position in MasterCraft Boat by 0.4% during the 2nd quarter. Isthmus Partners LLC now owns 146,706 shares of the company’s stock worth $28,000 after acquiring an additional 532 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of MasterCraft Boat in the first quarter worth approximately $43,000. CastleKnight Management LP purchased a new position in shares of MasterCraft Boat in the fourth quarter worth $263,000. Janus Henderson Group PLC raised its holdings in MasterCraft Boat by 40.5% during the 1st quarter. Janus Henderson Group PLC now owns 13,047 shares of the company’s stock valued at $310,000 after buying an additional 3,762 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in MasterCraft Boat by 5.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,998 shares of the company’s stock valued at $380,000 after buying an additional 857 shares during the period. Hedge funds and other institutional investors own 97.64% of the company’s stock.

MasterCraft Boat Trading Down 2.9 %

MCFT opened at $17.96 on Tuesday. The stock has a market cap of $304.98 million, a PE ratio of 8.09 and a beta of 1.61. The business has a 50 day moving average of $19.29 and a 200-day moving average of $20.20. MasterCraft Boat Holdings, Inc. has a 52 week low of $16.23 and a 52 week high of $24.05. The company has a quick ratio of 1.42, a current ratio of 1.99 and a debt-to-equity ratio of 0.24.

MasterCraft Boat (NASDAQ:MCFT) last released its earnings results on Thursday, August 29th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.18. MasterCraft Boat had a net margin of 2.13% and a return on equity of 9.44%. The firm had revenue of $67.20 million for the quarter, compared to the consensus estimate of $63.10 million. During the same period in the prior year, the firm earned $1.33 EPS. The company’s revenue was down 59.7% compared to the same quarter last year. Equities research analysts predict that MasterCraft Boat Holdings, Inc. will post 0.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. StockNews.com downgraded shares of MasterCraft Boat from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd. DA Davidson dropped their price objective on MasterCraft Boat from $20.00 to $17.00 and set a “neutral” rating for the company in a report on Tuesday, September 10th. B. Riley cut their price objective on MasterCraft Boat from $22.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Stifel Nicolaus restated a “buy” rating and set a $22.00 target price on shares of MasterCraft Boat in a report on Friday, August 30th. Finally, Truist Financial reiterated a “hold” rating and issued a $15.00 price target on shares of MasterCraft Boat in a report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $19.20.

MasterCraft Boat 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.