Victory Capital Management Inc. Has $1.31 Million Position in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Victory Capital Management Inc. raised its holdings in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) by 5.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 71,682 shares of the company’s stock after acquiring an additional 3,568 shares during the quarter. Victory Capital Management Inc. owned approximately 0.43% of MasterCraft Boat worth $1,305,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MCFT. Dimensional Fund Advisors LP lifted 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 worth $13,484,000 after acquiring an additional 82,509 shares during the period. Comerica Bank raised its holdings in MasterCraft Boat by 27,130.8% during the 1st quarter. Comerica Bank now owns 56,640 shares of the company’s stock worth $1,343,000 after purchasing an additional 56,432 shares during the last quarter. American Century Companies Inc. lifted its position in shares of MasterCraft Boat by 14.8% in the 2nd quarter. American Century Companies Inc. now owns 395,570 shares of the company’s stock worth $7,468,000 after purchasing an additional 51,016 shares during the period. Systematic Financial Management LP boosted its stake 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 valued at $18,185,000 after purchasing an additional 26,077 shares during the last quarter. Finally, Koss Olinger Consulting LLC acquired a new stake in shares of MasterCraft Boat during the second quarter worth $417,000. Institutional investors own 97.64% of the company’s stock.

MasterCraft Boat Stock Performance

Shares of MasterCraft Boat stock opened at $20.97 on Wednesday. The business has a 50-day simple moving average of $18.55 and a 200 day simple moving average of $19.24. The firm has a market capitalization of $352.21 million, a price-to-earnings ratio of -91.78 and a beta of 1.61. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.49. MasterCraft Boat Holdings, Inc. has a one year low of $16.12 and a one year high of $24.05.

MasterCraft Boat (NASDAQ:MCFT) last issued its earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. The company had revenue of $65.40 million for the quarter, compared to analyst estimates of $61.19 million. MasterCraft Boat had a positive return on equity of 6.55% and a negative net margin of 1.08%. MasterCraft Boat’s revenue for the quarter was down 37.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 earnings per share. On average, research analysts anticipate that MasterCraft Boat Holdings, Inc. will post 0.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MCFT shares. DA Davidson boosted their target price 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. Stifel Nicolaus restated a “buy” rating and set a $22.00 target price on shares of MasterCraft Boat in a research report on Friday, August 30th. Truist Financial lifted their target price on MasterCraft Boat from $15.00 to $22.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. B. Riley increased their price target on MasterCraft Boat from $14.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, StockNews.com lowered shares of MasterCraft Boat from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $21.25.

MasterCraft Boat 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.