Exchange Traded Concepts LLC Sells 679 Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Exchange Traded Concepts LLC decreased its stake in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) by 3.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,839 shares of the company’s stock after selling 679 shares during the period. Exchange Traded Concepts LLC owned 0.10% of MasterCraft Boat worth $307,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MCFT. Systematic Financial Management LP raised its holdings in shares of MasterCraft Boat by 2.8% in the 2nd quarter. Systematic Financial Management LP now owns 963,173 shares of the company’s stock worth $18,185,000 after purchasing an additional 26,077 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of MasterCraft Boat by 13.1% in the second quarter. Dimensional Fund Advisors LP now owns 714,208 shares of the company’s stock valued at $13,484,000 after buying an additional 82,509 shares during the period. Wellington Management Group LLP lifted its position in shares of MasterCraft Boat by 11.2% during the 4th quarter. Wellington Management Group LLP now owns 590,100 shares of the company’s stock valued at $13,360,000 after buying an additional 59,200 shares during the last quarter. American Century Companies Inc. grew its stake in shares of MasterCraft Boat by 14.8% during the 2nd quarter. American Century Companies Inc. now owns 395,570 shares of the company’s stock worth $7,468,000 after acquiring an additional 51,016 shares during the period. Finally, Wasatch Advisors LP increased its holdings in MasterCraft Boat by 34.2% in 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. 97.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MCFT. DA Davidson cut their target price on shares of MasterCraft Boat from $20.00 to $17.00 and set a “neutral” rating for the company in a research report on Tuesday, September 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $22.00 price objective on shares of MasterCraft Boat in a research note on Friday, August 30th. B. Riley dropped their target price 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. StockNews.com cut MasterCraft Boat from a “hold” rating to a “sell” rating in a research report on Monday, September 2nd. Finally, Truist Financial restated a “hold” rating and issued a $15.00 target price on shares of MasterCraft Boat in a research note 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 assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $19.20.

MasterCraft Boat Trading Up 0.1 %

Shares of MCFT stock opened at $17.48 on Monday. The company has a market capitalization of $296.83 million, a PE ratio of 7.87 and a beta of 1.61. 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 business’s fifty day moving average is $18.22 and its 200 day moving average is $19.55. MasterCraft Boat Holdings, Inc. has a 52-week low of $16.23 and a 52-week high of $24.05.

MasterCraft Boat (NASDAQ:MCFT) last released its quarterly earnings results on Thursday, August 29th. The company reported ($0.04) EPS 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 business had revenue of $67.20 million during the quarter, compared to analysts’ expectations of $63.10 million. During the same quarter in the previous year, the company earned $1.33 EPS. The business’s quarterly revenue was down 59.7% compared to the same quarter last year. On average, equities research analysts anticipate that MasterCraft Boat Holdings, Inc. will post 0.49 EPS for the current fiscal year.

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.