Barclays PLC Trims Stake in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Barclays PLC lessened its position in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) by 73.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,315 shares of the company’s stock after selling 89,893 shares during the quarter. Barclays PLC owned 0.20% of MasterCraft Boat worth $606,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Forager Capital Management LLC boosted its position in shares of MasterCraft Boat by 29.9% during the third quarter. Forager Capital Management LLC now owns 1,697,695 shares of the company’s stock valued at $30,915,000 after buying an additional 390,405 shares during the period. Dimensional Fund Advisors LP boosted its holdings in MasterCraft Boat by 13.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 714,208 shares of the company’s stock valued at $13,484,000 after acquiring an additional 82,509 shares during the period. Systematic Financial Management LP grew its position in MasterCraft Boat by 6.8% in the 3rd quarter. Systematic Financial Management LP now owns 1,028,585 shares of the company’s stock valued at $18,731,000 after acquiring an additional 65,412 shares during the last quarter. American Century Companies Inc. increased its stake in MasterCraft Boat by 14.8% in the second 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. Finally, Ballentine Partners LLC bought a new stake in shares of MasterCraft Boat during the third quarter worth $192,000. 97.64% of the stock is owned by hedge funds and other institutional investors.

MasterCraft Boat Stock Up 0.4 %

Shares of MasterCraft Boat stock opened at $18.46 on Friday. MasterCraft Boat Holdings, Inc. has a 1 year low of $16.12 and a 1 year high of $24.05. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.49. The stock has a market cap of $310.05 million, a price-to-earnings ratio of -80.26 and a beta of 1.67. The firm’s 50-day moving average is $19.79 and its two-hundred day moving average is $19.00.

MasterCraft Boat (NASDAQ:MCFT) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate 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 negative net margin of 1.08% and a positive return on equity of 6.55%. MasterCraft Boat’s revenue was down 37.2% compared to the same quarter last year. During the same period last year, the company posted $0.43 earnings per share. As a group, research analysts expect that MasterCraft Boat Holdings, Inc. will post 0.61 earnings per share for the current fiscal year.

Insider Transactions at MasterCraft Boat

In other news, major shareholder Coliseum Capital Management, L acquired 55,000 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were purchased at an average price of $18.83 per share, with a total value of $1,035,650.00. Following the transaction, the insider now directly owns 3,562,615 shares in the company, valued at approximately $67,084,040.45. This represents a 1.57 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on MCFT. B. Riley raised their price target on shares of MasterCraft Boat from $14.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. StockNews.com raised shares of MasterCraft Boat from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Truist Financial lowered their price target on MasterCraft Boat from $22.00 to $20.00 and set a “hold” rating for the company in a report on Tuesday, January 7th. Finally, DA Davidson raised their price objective on MasterCraft Boat from $17.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, MasterCraft Boat currently has an average rating of “Hold” and an average price target of $20.75.

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.