MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its holdings in shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFTFree Report) by 17.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,661 shares of the company’s stock after purchasing an additional 3,145 shares during the period. Janney Montgomery Scott LLC owned 0.13% of MasterCraft Boat worth $490,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MCFT. New York State Common Retirement Fund boosted its stake in MasterCraft Boat by 51.5% during the 3rd quarter. New York State Common Retirement Fund now owns 9,604 shares of the company’s stock worth $213,000 after purchasing an additional 3,265 shares during the period. Quantbot Technologies LP acquired a new stake in MasterCraft Boat during the 3rd quarter worth $116,000. Jupiter Asset Management Ltd. acquired a new stake in shares of MasterCraft Boat in the 3rd quarter worth $893,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of MasterCraft Boat in the 3rd quarter worth $86,000. Finally, WINTON GROUP Ltd lifted its stake in shares of MasterCraft Boat by 90.4% in the 3rd quarter. WINTON GROUP Ltd now owns 18,044 shares of the company’s stock worth $401,000 after acquiring an additional 8,567 shares during the period. Institutional investors and hedge funds own 97.64% of the company’s stock.

MasterCraft Boat Stock Down 2.4 %

Shares of NASDAQ MCFT opened at $20.93 on Wednesday. The company has a quick ratio of 1.54, a current ratio of 2.02 and a debt-to-equity ratio of 0.23. MasterCraft Boat Holdings, Inc. has a 52 week low of $18.01 and a 52 week high of $31.70. The firm has a 50-day moving average price of $21.30 and a 200 day moving average price of $21.41. The stock has a market capitalization of $355.39 million, a price-to-earnings ratio of 9.43 and a beta of 1.61.

MasterCraft Boat (NASDAQ:MCFTGet Free Report) last announced its earnings results on Wednesday, May 8th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.09. The company had revenue of $95.71 million during the quarter, compared to analysts’ expectations of $92.32 million. MasterCraft Boat had a net margin of 8.26% and a return on equity of 21.71%. Equities research analysts anticipate that MasterCraft Boat Holdings, Inc. will post 0.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MCFT has been the subject of several recent analyst reports. Stifel Nicolaus reduced their target price on shares of MasterCraft Boat from $27.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. B. Riley reduced their target price on shares of 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’s stock. Based on data from MarketBeat, MasterCraft Boat presently has an average rating of “Hold” and a consensus target price of $24.00.

Read Our Latest Research Report on MCFT

Insiders Place Their Bets

In other MasterCraft Boat news, major shareholder Coliseum Capital Management, L bought 47,500 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was bought at an average price of $19.13 per share, for a total transaction of $908,675.00. Following the completion of the transaction, the insider now owns 2,404,906 shares in the company, valued at approximately $46,005,851.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders acquired 697,223 shares of company stock worth $14,647,623. Insiders own 2.50% of the company’s stock.

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.

Further Reading

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

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