Dimensional Fund Advisors LP Buys 82,509 Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Dimensional Fund Advisors LP boosted its position in shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) by 13.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 714,208 shares of the company’s stock after purchasing an additional 82,509 shares during the period. Dimensional Fund Advisors LP owned about 4.21% of MasterCraft Boat worth $13,484,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wasatch Advisors LP grew its position in MasterCraft Boat by 34.2% during the 1st quarter. Wasatch Advisors LP now owns 381,471 shares of the company’s stock worth $9,048,000 after acquiring an additional 97,170 shares during the last quarter. Isthmus Partners LLC raised its stake in shares of MasterCraft Boat by 71.5% in the first quarter. Isthmus Partners LLC now owns 146,174 shares of the company’s stock worth $3,467,000 after acquiring an additional 60,947 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of MasterCraft Boat by 11.2% during the fourth quarter. Wellington Management Group LLP now owns 590,100 shares of the company’s stock worth $13,360,000 after purchasing an additional 59,200 shares in the last quarter. Comerica Bank grew its stake in shares of MasterCraft Boat by 27,130.8% during the first quarter. Comerica Bank now owns 56,640 shares of the company’s stock valued at $1,343,000 after purchasing an additional 56,432 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of MasterCraft Boat by 14.8% in the second quarter. American Century Companies Inc. now owns 395,570 shares of the company’s stock valued at $7,468,000 after purchasing an additional 51,016 shares in the last quarter. 97.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MCFT has been the topic of several recent research reports. 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. DA Davidson cut their price objective on shares of MasterCraft Boat from $20.00 to $17.00 and set a “neutral” rating on the stock in a report on Tuesday, September 10th. Stifel Nicolaus reaffirmed a “buy” rating and set a $22.00 target price on shares of MasterCraft Boat in a report on Friday, August 30th. B. Riley cut their price target on shares of MasterCraft Boat from $22.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Finally, StockNews.com downgraded shares of MasterCraft Boat from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $19.20.

MasterCraft Boat Stock Performance

Shares of MCFT stock opened at $17.64 on Friday. The company has a market capitalization of $299.54 million, a P/E ratio of 7.95 and a beta of 1.61. MasterCraft Boat Holdings, Inc. has a 52 week low of $16.23 and a 52 week high of $24.05. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.42 and a current ratio of 1.99. The company’s 50 day moving average price is $18.85 and its two-hundred day moving average price is $19.99.

MasterCraft Boat (NASDAQ:MCFT) last posted its quarterly earnings data on Thursday, August 29th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.18. The business had revenue of $67.20 million for the quarter, compared to analysts’ expectations of $63.10 million. MasterCraft Boat had a net margin of 2.13% and a return on equity of 9.44%. The firm’s revenue was down 59.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.33 EPS. On average, analysts expect that MasterCraft Boat Holdings, Inc. will post 0.49 earnings per share for the current fiscal year.

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.