Coliseum Capital Management, L Purchases 11,308 Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Stock

MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) major shareholder Coliseum Capital Management, L bought 11,308 shares of the stock in a transaction dated Wednesday, April 10th. The shares were purchased at an average price of $21.63 per share, for a total transaction of $244,592.04. Following the purchase, the insider now owns 2,162,984 shares of the company’s stock, valued at approximately $46,785,343.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Coliseum Capital Management, L also recently made the following trade(s):

• On Friday, April 12th, Coliseum Capital Management, L bought 60,000 shares of MasterCraft Boat stock. The shares were purchased at an average price of $21.84 per share, for a total transaction of $1,310,400.00.
• On Monday, March 18th, Coliseum Capital Management, L bought 118,620 shares of MasterCraft Boat stock. The shares were purchased at an average price of $21.84 per share, for a total transaction of $2,590,660.80.
• On Thursday, March 14th, Coliseum Capital Management, L purchased 24,167 shares of MasterCraft Boat stock. The shares were bought at an average cost of $20.72 per share, for a total transaction of $500,740.24.

MasterCraft Boat Trading Down 0.4 %

Shares of MCFT stock opened at $21.93 on Friday. The stock’s fifty day moving average price is $22.00 and its two-hundred day moving average price is $21.62. The company has a market cap of $373.47 million, a PE ratio of 6.71 and a beta of 1.64. MasterCraft Boat Holdings, Inc. has a fifty-two week low of $19.22 and a fifty-two week high of $31.70. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.58 and a current ratio of 2.11.

MasterCraft Boat (NASDAQ:MCFT) last issued its earnings results on Wednesday, February 7th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.17. The firm had revenue of $99.48 million for the quarter, compared to the consensus estimate of $95.53 million. MasterCraft Boat had a return on equity of 32.01% and a net margin of 10.66%. The company’s revenue was down 37.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.16 EPS. Equities analysts predict that MasterCraft Boat Holdings, Inc. will post 1.51 EPS for the current fiscal year.

Institutional Investors Weigh In On MasterCraft Boat

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of MasterCraft Boat by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 1,333,985 shares of the company’s stock valued at $30,201,000 after acquiring an additional 31,560 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of MasterCraft Boat by 11.2% during the 4th quarter. Wellington Management Group LLP now owns 590,100 shares of the company’s stock valued at $13,360,000 after acquiring an additional 59,200 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of MasterCraft Boat by 15.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,141 shares of the company’s stock valued at $343,000 after acquiring an additional 2,057 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of MasterCraft Boat during the 4th quarter valued at $306,000. Finally, Barclays PLC boosted its holdings in shares of MasterCraft Boat by 151.9% during the 4th quarter. Barclays PLC now owns 39,362 shares of the company’s stock valued at $892,000 after acquiring an additional 23,738 shares in the last quarter. Institutional investors and hedge funds own 97.64% of the company’s stock.

Analysts Set New Price Targets

Separately, Truist Financial increased their price target on MasterCraft Boat from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Tuesday, January 9th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $24.83.

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.