Victory Capital Management Inc. Has $1.24 Million Position in MASTERCRAFT BOAT HOLDINGS, INC. (NASDAQ:MCFT)

Victory Capital Management Inc. reduced its stake in MASTERCRAFT BOAT HOLDINGS, INC. (NASDAQ:MCFT) by 1.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 71,872 shares of the company’s stock after selling 1,240 shares during the period. Victory Capital Management Inc. owned 0.43% of MASTERCRAFT BOAT worth $1,238,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of MASTERCRAFT BOAT by 8.2% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 13,200 shares of the company’s stock valued at $227,000 after acquiring an additional 1,000 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in shares of MASTERCRAFT BOAT by 1.9% in the first quarter. SummerHaven Investment Management LLC now owns 43,323 shares of the company’s stock valued at $746,000 after acquiring an additional 790 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of MASTERCRAFT BOAT by 6,422.7% in the first quarter. GAMMA Investing LLC now owns 8,610 shares of the company’s stock valued at $148,000 after acquiring an additional 8,478 shares in the last quarter. Squarepoint Ops LLC grew its stake in shares of MASTERCRAFT BOAT by 144.1% in the fourth quarter. Squarepoint Ops LLC now owns 14,534 shares of the company’s stock valued at $277,000 after acquiring an additional 47,510 shares in the last quarter. Finally, State of Wyoming acquired a new position in shares of MASTERCRAFT BOAT in the fourth quarter valued at about $108,000. 97.64% of the stock is currently owned by institutional investors and hedge funds.

MASTERCRAFT BOAT Stock Down 4.5%

Shares of MASTERCRAFT BOAT stock opened at $19.44 on Thursday. The company has a market capitalization of $322.70 million, a price-to-earnings ratio of -49.85 and a beta of 1.01. MASTERCRAFT BOAT HOLDINGS, INC. has a 12-month low of $14.39 and a 12-month high of $23.00. The firm’s 50-day moving average price is $18.70 and its two-hundred day moving average price is $17.91.

MASTERCRAFT BOAT (NASDAQ:MCFT) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.12. MASTERCRAFT BOAT had a negative net margin of 2.46% and a positive return on equity of 3.34%. The company had revenue of $75.96 million for the quarter, compared to the consensus estimate of $75.15 million. During the same period last year, the company posted $0.37 EPS. The firm’s quarterly revenue was down 9.5% compared to the same quarter last year. On average, sell-side analysts expect that MASTERCRAFT BOAT HOLDINGS, INC. will post 0.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Baird R W downgraded shares of MASTERCRAFT BOAT from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Wall Street Zen upgraded shares of MASTERCRAFT BOAT from a “sell” rating to a “hold” rating in a research note on Saturday, May 10th. Raymond James Financial decreased their price target on shares of MASTERCRAFT BOAT from $24.00 to $21.00 and set an “outperform” rating on the stock in a research note on Thursday, May 8th. Truist Financial increased their price objective on shares of MASTERCRAFT BOAT from $16.00 to $17.00 and gave the stock a “hold” rating in a research note on Thursday, May 8th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $20.00 price objective (down from $26.00) on shares of MASTERCRAFT BOAT in a research note on Friday, April 4th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, MASTERCRAFT BOAT currently has an average rating of “Hold” and a consensus price target of $20.00.

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.