MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its stake in shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 848,981 shares of the company’s stock after selling 52,539 shares during the quarter. Vanguard Group Inc. owned approximately 5.05% of MasterCraft Boat worth $16,190,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Principal Financial Group Inc. grew its position in shares of MasterCraft Boat by 9.4% in the 4th quarter. Principal Financial Group Inc. now owns 11,502 shares of the company’s stock worth $219,000 after acquiring an additional 993 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in MasterCraft Boat during the fourth quarter worth $448,000. LHM Inc. acquired a new position in MasterCraft Boat in the fourth quarter worth $1,636,000. American Century Companies Inc. raised its holdings in shares of MasterCraft Boat by 4.0% during the fourth quarter. American Century Companies Inc. now owns 445,259 shares of the company’s stock worth $8,491,000 after purchasing an additional 17,118 shares during the period. Finally, Isthmus Partners LLC raised its holdings in shares of MasterCraft Boat by 0.7% during the fourth quarter. Isthmus Partners LLC now owns 118,886 shares of the company’s stock worth $2,267,000 after purchasing an additional 773 shares during the period. Institutional investors own 97.64% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on MCFT shares. Baird R W lowered shares of MasterCraft Boat from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. StockNews.com upgraded MasterCraft Boat from a “sell” rating to a “hold” rating in a research report on Wednesday. Truist Financial cut their price target on MasterCraft Boat from $22.00 to $16.00 and set a “hold” rating on the stock in a report on Monday. B. Riley upgraded MasterCraft Boat to a “hold” rating in a research note on Wednesday, February 12th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $20.00 target price (down from $26.00) on shares of MasterCraft Boat in a research note on Friday, April 4th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $19.60.

MasterCraft Boat Trading Up 3.7 %

MCFT stock opened at $16.00 on Friday. MasterCraft Boat Holdings, Inc. has a 1-year low of $14.39 and a 1-year high of $23.00. The business’s 50 day moving average is $17.27 and its 200-day moving average is $18.38. The firm has a market cap of $268.05 million, a P/E ratio of -40.00 and a beta of 1.34.

MasterCraft Boat (NASDAQ:MCFT) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. MasterCraft Boat had a negative net margin of 2.29% and a positive return on equity of 3.74%. Sell-side analysts forecast that MasterCraft Boat Holdings, Inc. will post 0.62 EPS for the current year.

Insider Transactions at MasterCraft Boat

In related news, major shareholder Fund L.P. Forager acquired 11,172 shares of the firm’s stock in a transaction dated Thursday, April 17th. The stock was bought at an average price of $15.82 per share, for a total transaction of $176,741.04. Following the acquisition, the insider now directly owns 1,724,941 shares of the company’s stock, valued at approximately $27,288,566.62. The trade was a 0.65 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.00% of the stock is owned by insiders.

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.