AE Wealth Management LLC purchased a new stake in shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 19,353 shares of the company’s stock, valued at approximately $593,000. AE Wealth Management LLC owned 0.11% of MasterCraft Boat as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also made changes to their positions in the company. Ritholtz Wealth Management purchased a new position in shares of MasterCraft Boat in the first quarter valued at about $802,000. American Century Companies Inc. lifted its position in shares of MasterCraft Boat by 32.3% in the first quarter. American Century Companies Inc. now owns 197,029 shares of the company’s stock valued at $5,818,000 after acquiring an additional 48,070 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of MasterCraft Boat by 495.4% in the first quarter. Assenagon Asset Management S.A. now owns 533,297 shares of the company’s stock valued at $16,228,000 after acquiring an additional 443,723 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of MasterCraft Boat by 245.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 110,886 shares of the company’s stock valued at $3,374,000 after acquiring an additional 78,786 shares in the last quarter. Finally, Globeflex Capital L P lifted its position in shares of MasterCraft Boat by 30.8% in the first quarter. Globeflex Capital L P now owns 166,826 shares of the company’s stock valued at $5,077,000 after acquiring an additional 39,242 shares in the last quarter. 97.64% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research firms recently commented on MCFT. Truist Financial decreased their target price on MasterCraft Boat from $28.00 to $23.00 and set a “hold” rating on the stock in a research report on Thursday, August 31st. StockNews.com upgraded MasterCraft Boat from a “hold” rating to a “buy” rating in a report on Tuesday. Robert W. Baird decreased their price objective on MasterCraft Boat from $40.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, August 31st. Stifel Nicolaus decreased their price objective on MasterCraft Boat from $40.00 to $33.00 and set a “buy” rating for the company in a report on Thursday, August 31st. Finally, B. Riley lowered MasterCraft Boat from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $37.00 to $23.00 in a report on Thursday, August 31st. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $26.00.
MasterCraft Boat Stock Performance
Shares of MCFT stock opened at $22.25 on Friday. The company has a current ratio of 1.91, a quick ratio of 1.34 and a debt-to-equity ratio of 0.26. The firm has a fifty day moving average price of $24.88 and a 200 day moving average price of $27.70. The company has a market cap of $382.70 million, a P/E ratio of 5.69 and a beta of 1.82. MasterCraft Boat Holdings, Inc. has a 12 month low of $18.55 and a 12 month high of $35.29.
MasterCraft Boat (NASDAQ:MCFT – Get Free Report) last issued its earnings results on Wednesday, August 30th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.30. The firm had revenue of $166.57 million during the quarter, compared to the consensus estimate of $161.88 million. MasterCraft Boat had a net margin of 10.41% and a return on equity of 54.60%. Sell-side analysts predict that MasterCraft Boat Holdings, Inc. will post 1.68 earnings per share for the current fiscal year.
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.
See Also
- Five stocks we like better than MasterCraft Boat
- Utilities Stocks Explained – How and Why to Invest in Utilities
- Nursing Home REITs: The Surprise Heroes of High Yield Investing
- How to Calculate Inflation Rate
- Energy Stocks Shine as High Oil Prices Boost Dividend Yields
- Best Aerospace Stocks Investing
- Can Undervalued Healthcare Stocks Add Yield To Your Portfolio?
Want to see what other hedge funds are holding MCFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT – Free Report).
Receive News & Ratings for MasterCraft Boat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MasterCraft Boat and related companies with MarketBeat.com's FREE daily email newsletter.
