MasterCraft Boat (NASDAQ:MCFT) Stock Rating Upgraded by StockNews.com

MasterCraft Boat (NASDAQ:MCFT) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Saturday.

A number of other equities analysts also recently commented on the company. Truist Financial cut their price objective on MasterCraft Boat from $22.00 to $20.00 and set a “hold” rating on the stock in a report on Tuesday, January 7th. DA Davidson cut their price objective on MasterCraft Boat from $23.00 to $22.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. Finally, B. Riley upgraded MasterCraft Boat to a “hold” rating in a report on Wednesday, February 12th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $20.50.

MasterCraft Boat Trading Up 1.1 %

NASDAQ MCFT opened at $17.36 on Friday. The business’s 50-day moving average price is $18.34 and its 200 day moving average price is $18.67. MasterCraft Boat has a twelve month low of $16.12 and a twelve month high of $24.05. The company has a market capitalization of $290.83 million, a PE ratio of -43.40 and a beta of 1.71.

MasterCraft Boat (NASDAQ:MCFT) last released its earnings results on Thursday, February 6th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.04. MasterCraft Boat had a positive return on equity of 3.74% and a negative net margin of 2.29%. Equities analysts predict that MasterCraft Boat will post 0.62 EPS for the current year.

Insider Activity

In related news, major shareholder Coliseum Capital Management, L bought 55,000 shares of the stock in a transaction dated Monday, December 30th. The stock was acquired at an average price of $18.83 per share, for a total transaction of $1,035,650.00. Following the completion of the purchase, the insider now owns 3,562,615 shares in the company, valued at $67,084,040.45. This represents a 1.57 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On MasterCraft Boat

Large investors have recently modified their holdings of the stock. US Bancorp DE grew its stake 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 buying an additional 2,000 shares in the last quarter. State of Wyoming acquired a new stake in MasterCraft Boat during the 4th quarter valued at approximately $108,000. Tower Research Capital LLC TRC grew its stake in MasterCraft Boat by 260.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,210 shares of the company’s stock valued at $118,000 after purchasing an additional 4,487 shares in the last quarter. SG Americas Securities LLC grew its stake in MasterCraft Boat by 10.7% during the 4th quarter. SG Americas Securities LLC now owns 7,673 shares of the company’s stock valued at $146,000 after purchasing an additional 742 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in MasterCraft Boat by 7.5% during the 4th quarter. JPMorgan Chase & Co. now owns 7,837 shares of the company’s stock valued at $149,000 after purchasing an additional 544 shares in the last quarter. Institutional investors and hedge funds own 97.64% of the company’s stock.

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.