Charles Schwab Investment Management Inc. Lowers Stock Position in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Charles Schwab Investment Management Inc. decreased its holdings in shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,794 shares of the company’s stock after selling 1,706 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.28% of MasterCraft Boat worth $892,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Principal Financial Group Inc. grew its holdings in MasterCraft Boat by 9.4% during the fourth quarter. Principal Financial Group Inc. now owns 11,502 shares of the company’s stock worth $219,000 after acquiring an additional 993 shares during the period. Systematic Financial Management LP boosted its position in shares of MasterCraft Boat by 6.8% during the 3rd quarter. Systematic Financial Management LP now owns 1,028,585 shares of the company’s stock worth $18,731,000 after purchasing an additional 65,412 shares in the last quarter. Forager Capital Management LLC grew its stake in shares of MasterCraft Boat by 29.9% during the 3rd quarter. Forager Capital Management LLC now owns 1,697,695 shares of the company’s stock worth $30,915,000 after purchasing an additional 390,405 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of MasterCraft Boat by 25.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 12,854 shares of the company’s stock worth $234,000 after purchasing an additional 2,620 shares during the period. Finally, SG Americas Securities LLC increased its holdings in shares of MasterCraft Boat by 10.7% in 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. 97.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MCFT. Truist Financial lowered 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. DA Davidson lowered their price target on MasterCraft Boat from $23.00 to $22.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. StockNews.com raised MasterCraft Boat from a “sell” rating to a “hold” rating in a report on Saturday, March 15th. Finally, B. Riley raised MasterCraft Boat to a “hold” rating in a report on Wednesday, February 12th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $20.50.

MasterCraft Boat Price Performance

Shares of MCFT opened at $17.24 on Monday. MasterCraft Boat Holdings, Inc. has a 1-year low of $16.12 and a 1-year high of $24.05. The firm has a 50 day simple moving average of $18.16 and a 200-day simple moving average of $18.62. The stock has a market cap of $288.82 million, a price-to-earnings ratio of -43.10 and a beta of 1.71.

MasterCraft Boat (NASDAQ:MCFT) last released its quarterly 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%. On average, equities analysts expect that MasterCraft Boat Holdings, Inc. will post 0.62 earnings per share for the current fiscal year.

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.