MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Shares Sold by Empowered Funds LLC

Empowered Funds LLC cut its holdings in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) by 57.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,656 shares of the company’s stock after selling 110,373 shares during the quarter. Empowered Funds LLC owned approximately 0.49% of MasterCraft Boat worth $1,557,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Principal Financial Group Inc. acquired a new stake in shares of MasterCraft Boat in the third quarter valued at approximately $191,000. Systematic Financial Management LP grew its position in shares of MasterCraft Boat by 6.8% in the third quarter. Systematic Financial Management LP now owns 1,028,585 shares of the company’s stock valued at $18,731,000 after purchasing an additional 65,412 shares during the last quarter. US Bancorp DE grew its position in shares of MasterCraft Boat by 64.0% in the third quarter. US Bancorp DE now owns 5,123 shares of the company’s stock valued at $93,000 after purchasing an additional 2,000 shares during the last quarter. Forager Capital Management LLC grew its position in shares of MasterCraft Boat by 29.9% in the third quarter. Forager Capital Management LLC now owns 1,697,695 shares of the company’s stock valued at $30,915,000 after purchasing an additional 390,405 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of MasterCraft Boat by 5.2% in the third quarter. Victory Capital Management Inc. now owns 71,682 shares of the company’s stock valued at $1,305,000 after purchasing an additional 3,568 shares during the last quarter. 97.64% of the stock is currently owned by institutional investors and hedge funds.

MasterCraft Boat Stock Up 0.5 %

Shares of NASDAQ MCFT opened at $19.16 on Friday. MasterCraft Boat Holdings, Inc. has a 52-week low of $16.12 and a 52-week high of $24.05. The firm has a fifty day moving average of $18.88 and a 200-day moving average of $18.93. The stock has a market capitalization of $321.89 million, a PE ratio of -47.90 and a beta of 1.67. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.28.

MasterCraft Boat (NASDAQ:MCFT) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04. MasterCraft Boat had a negative net margin of 2.29% and a positive return on equity of 3.70%. On average, analysts anticipate that MasterCraft Boat Holdings, Inc. will post 0.56 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on MCFT shares. Truist Financial decreased their target price on shares of MasterCraft Boat from $22.00 to $20.00 and set a “hold” rating on the stock in a research report on Tuesday, January 7th. StockNews.com upgraded shares of MasterCraft Boat from a “sell” rating to a “hold” rating in a research report on Wednesday. DA Davidson decreased their target price on shares of MasterCraft Boat from $23.00 to $22.00 and set a “neutral” rating on the stock in a research report on Monday, February 10th. Finally, B. Riley upgraded shares of MasterCraft Boat to a “hold” rating in a research report on Wednesday. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $20.50.

Insider Activity at MasterCraft Boat

In other MasterCraft Boat news, major shareholder Coliseum Capital Management, L bought 53,853 shares of MasterCraft Boat stock in a transaction that occurred on Thursday, December 26th. The shares were acquired at an average price of $18.87 per share, for a total transaction of $1,016,206.11. Following the acquisition, the insider now owns 3,426,523 shares of the company’s stock, valued at $64,658,489.01. The trade was a 1.60 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 4.00% of the company’s stock.

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.