SG Americas Securities LLC Invests $126,000 in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

SG Americas Securities LLC purchased a new position in shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFTFree Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 6,931 shares of the company’s stock, valued at approximately $126,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Isthmus Partners LLC lifted its stake in shares of MasterCraft Boat by 0.4% during the 2nd quarter. Isthmus Partners LLC now owns 146,706 shares of the company’s stock valued at $28,000 after buying an additional 532 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of MasterCraft Boat during the 1st quarter valued at $43,000. Squarepoint Ops LLC purchased a new position in shares of MasterCraft Boat during the 2nd quarter valued at $190,000. Janus Henderson Group PLC lifted its stake in shares of MasterCraft Boat by 40.5% during the 1st quarter. Janus Henderson Group PLC now owns 13,047 shares of the company’s stock valued at $310,000 after buying an additional 3,762 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of MasterCraft Boat by 5.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,998 shares of the company’s stock valued at $380,000 after buying an additional 857 shares in the last quarter. Hedge funds and other institutional investors own 97.64% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on MCFT shares. Stifel Nicolaus restated a “buy” rating and set a $22.00 target price on shares of MasterCraft Boat in a research note on Friday, August 30th. StockNews.com cut shares of MasterCraft Boat from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd. Truist Financial reiterated a “hold” rating and issued a $15.00 price target on shares of MasterCraft Boat in a research note on Friday, August 30th. B. Riley decreased their price target on shares of MasterCraft Boat from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Finally, DA Davidson decreased their price target on shares of MasterCraft Boat from $20.00 to $17.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, MasterCraft Boat has an average rating of “Hold” and an average price target of $19.20.

Read Our Latest Analysis on MCFT

MasterCraft Boat Stock Performance

MasterCraft Boat stock opened at $16.72 on Friday. The company’s 50-day moving average price is $17.93 and its 200-day moving average price is $19.37. MasterCraft Boat Holdings, Inc. has a twelve month low of $16.12 and a twelve month high of $24.05. The company has a quick ratio of 1.42, a current ratio of 1.99 and a debt-to-equity ratio of 0.24. The company has a market cap of $277.72 million, a PE ratio of 38.00 and a beta of 1.61.

MasterCraft Boat (NASDAQ:MCFTGet Free Report) last posted its earnings results on Thursday, August 29th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.18. MasterCraft Boat had a net margin of 2.13% and a return on equity of 9.44%. The firm had revenue of $67.20 million for the quarter, compared to the consensus estimate of $63.10 million. During the same period in the previous year, the firm posted $1.33 EPS. The business’s quarterly revenue was down 59.7% on a year-over-year basis. On average, equities research analysts forecast that MasterCraft Boat Holdings, Inc. will post 0.49 EPS for the current fiscal year.

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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