Orion Portfolio Solutions LLC Sells 4,285 Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Orion Portfolio Solutions LLC decreased its holdings in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFTFree Report) by 9.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,131 shares of the company’s stock after selling 4,285 shares during the quarter. Orion Portfolio Solutions LLC owned 0.24% of MasterCraft Boat worth $933,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of MCFT. Wellington Management Group LLP grew its position in shares of MasterCraft Boat by 73.5% during the third quarter. Wellington Management Group LLP now owns 530,900 shares of the company’s stock valued at $11,797,000 after purchasing an additional 224,900 shares in the last quarter. AQR Capital Management LLC grew its position in shares of MasterCraft Boat by 29.6% during the 3rd quarter. AQR Capital Management LLC now owns 412,977 shares of the company’s stock worth $9,176,000 after buying an additional 94,420 shares in the last quarter. American Century Companies Inc. increased its position in MasterCraft Boat by 15.8% during the 3rd quarter. American Century Companies Inc. now owns 258,634 shares of the company’s stock valued at $5,747,000 after purchasing an additional 35,374 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in MasterCraft Boat by 0.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 212,562 shares of the company’s stock worth $4,723,000 after buying an additional 617 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in MasterCraft Boat by 1.5% during the third quarter. Bank of New York Mellon Corp now owns 107,388 shares of the company’s stock valued at $2,386,000 after purchasing an additional 1,585 shares in the last quarter. Institutional investors own 97.64% of the company’s stock.

MasterCraft Boat Stock Performance

Shares of MCFT stock opened at $21.45 on Tuesday. The stock’s 50-day moving average is $21.30 and its two-hundred day moving average is $21.41. The firm has a market cap of $364.22 million, a price-to-earnings ratio of 9.66 and a beta of 1.61. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.54 and a current ratio of 2.02. MasterCraft Boat Holdings, Inc. has a 1 year low of $18.01 and a 1 year high of $31.70.

MasterCraft Boat (NASDAQ:MCFTGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.09. The business had revenue of $95.71 million during the quarter, compared to the consensus estimate of $92.32 million. MasterCraft Boat had a return on equity of 21.71% and a net margin of 8.26%. Analysts predict that MasterCraft Boat Holdings, Inc. will post 0.85 earnings per share for the current year.

Insider Buying and Selling

In other MasterCraft Boat news, major shareholder Coliseum Capital Management, L acquired 118,620 shares of the company’s stock in a transaction on Monday, March 18th. The shares were bought at an average cost of $21.84 per share, for a total transaction of $2,590,660.80. Following the completion of the purchase, the insider now owns 2,151,676 shares in the company, valued at approximately $46,992,603.84. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders acquired a total of 697,223 shares of company stock worth $14,647,623 in the last 90 days. Company insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

MCFT has been the topic of several recent analyst reports. Stifel Nicolaus cut their price objective on shares of MasterCraft Boat from $27.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. B. Riley cut their price target on MasterCraft Boat from $24.00 to $22.00 and set a “neutral” rating for the company in a research note on Tuesday, April 16th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, MasterCraft Boat currently has an average rating of “Hold” and a consensus target price of $24.00.

Check Out Our Latest Stock Analysis on MCFT

About MasterCraft Boat

(Free Report)

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.

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Institutional Ownership by Quarter for MasterCraft Boat (NASDAQ:MCFT)

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