Coliseum Capital Management, L Purchases 60,000 Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Stock

MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) major shareholder Coliseum Capital Management, L bought 60,000 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were acquired at an average cost of $21.84 per share, with a total value of $1,310,400.00. Following the completion of the transaction, the insider now owns 2,224,284 shares in the company, valued at $48,578,362.56. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Wednesday, April 10th, Coliseum Capital Management, L purchased 11,308 shares of MasterCraft Boat stock. The stock was bought at an average cost of $21.63 per share, for a total transaction of $244,592.04.
• On Monday, March 18th, Coliseum Capital Management, L acquired 118,620 shares of MasterCraft Boat stock. The stock was 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 bought 24,167 shares of MasterCraft Boat stock. The shares were bought at an average price of $20.72 per share, for a total transaction of $500,740.24.

MasterCraft Boat Stock Down 0.4 %

Shares of NASDAQ:MCFT opened at $21.93 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.58 and a current ratio of 2.11. The firm has a market capitalization of $373.47 million, a PE ratio of 6.71 and a beta of 1.64. The firm has a fifty day moving average of $22.00 and a 200 day moving average of $21.62. MasterCraft Boat Holdings, Inc. has a 52-week low of $19.22 and a 52-week high of $31.70.

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On MasterCraft Boat

A number of large investors have recently bought and sold shares of MCFT. BlackRock Inc. increased its stake in shares of MasterCraft Boat by 9.9% in the second quarter. BlackRock Inc. now owns 1,558,057 shares of the company’s stock worth $47,754,000 after buying an additional 139,923 shares during the period. Vanguard Group Inc. raised its stake in shares of MasterCraft Boat by 2.4% during the fourth 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 during the last quarter. Divisar Capital Management LLC boosted its holdings in shares of MasterCraft Boat by 12.0% during the first quarter. Divisar Capital Management LLC now owns 1,213,023 shares of the company’s stock worth $29,852,000 after purchasing an additional 130,333 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of MasterCraft Boat by 9.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 646,671 shares of the company’s stock worth $14,641,000 after purchasing an additional 57,660 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in 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 purchasing an additional 59,200 shares during the period. 97.64% of the stock is owned by hedge funds and other institutional investors.

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.