US Bancorp DE Acquires 2,000 Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

US Bancorp DE lifted its stake in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) by 64.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,123 shares of the company’s stock after purchasing an additional 2,000 shares during the period. US Bancorp DE’s holdings in MasterCraft Boat were worth $93,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Isthmus Partners LLC boosted its position in MasterCraft Boat by 0.4% in the 2nd quarter. Isthmus Partners LLC now owns 146,706 shares of the company’s stock valued at $28,000 after buying an additional 532 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of MasterCraft Boat by 191.7% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,250 shares of the company’s stock valued at $98,000 after purchasing an additional 3,450 shares during the period. SG Americas Securities LLC purchased a new stake in shares of MasterCraft Boat in the third quarter valued at approximately $126,000. Squarepoint Ops LLC bought a new position in MasterCraft Boat in the second quarter worth approximately $190,000. Finally, Ballentine Partners LLC purchased a new position in MasterCraft Boat during the 3rd quarter worth $192,000. Hedge funds and other institutional investors own 97.64% of the company’s stock.

MasterCraft Boat Stock Performance

Shares of MasterCraft Boat stock opened at $20.66 on Friday. The company has a market capitalization of $347.09 million, a PE ratio of -89.83 and a beta of 1.61. The company has a 50-day simple moving average of $18.11 and a two-hundred day simple moving average of $19.21. MasterCraft Boat Holdings, Inc. has a one year low of $16.12 and a one year high of $24.05. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.49 and a current ratio of 2.01.

MasterCraft Boat (NASDAQ:MCFT) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.03 by $0.09. The firm had revenue of $65.40 million during the quarter, compared to analyst estimates of $61.19 million. MasterCraft Boat had a negative net margin of 1.08% and a positive return on equity of 6.55%. MasterCraft Boat’s revenue was down 37.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.43 EPS. Research analysts expect that MasterCraft Boat Holdings, Inc. will post 0.61 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on MCFT. B. Riley increased their price target on MasterCraft Boat from $14.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Stifel Nicolaus reiterated a “buy” rating and set a $22.00 target price on shares of MasterCraft Boat in a report on Friday, August 30th. DA Davidson boosted their price target on shares of MasterCraft Boat from $17.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Truist Financial upped their price target on shares of MasterCraft Boat from $15.00 to $22.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Finally, StockNews.com lowered shares of MasterCraft Boat from a “hold” rating to a “sell” rating in a report on Monday, September 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $21.25.

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.