Russell Investments Group Ltd. Trims Stock Holdings in Mastercraft Boat Holdings, Inc. $MCFT

Russell Investments Group Ltd. reduced its position in shares of Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) by 16.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,483 shares of the company’s stock after selling 2,295 shares during the period. Russell Investments Group Ltd. owned approximately 0.07% of Mastercraft Boat worth $198,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MCFT. State of Wyoming bought a new stake in Mastercraft Boat in the fourth quarter worth $108,000. Tower Research Capital LLC TRC raised its stake in shares of Mastercraft Boat by 260.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,210 shares of the company’s stock valued at $118,000 after acquiring an additional 4,487 shares during the last quarter. GAMMA Investing LLC raised its stake in Mastercraft Boat by 6,422.7% in the first quarter. GAMMA Investing LLC now owns 8,610 shares of the company’s stock worth $148,000 after buying an additional 8,478 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in 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 worth $227,000 after buying an additional 1,000 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in Mastercraft Boat by 31.6% in the fourth quarter. Wells Fargo & Company MN now owns 14,160 shares of the company’s stock worth $270,000 after buying an additional 3,399 shares in the last quarter. 97.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Truist Financial raised their target price on shares of Mastercraft Boat from $16.00 to $17.00 and gave the company a “hold” rating in a research note on Thursday, May 8th. B. Riley raised their price target on shares of Mastercraft Boat from $17.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th. Raymond James Financial raised their price target on shares of Mastercraft Boat from $21.00 to $25.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. Wall Street Zen upgraded shares of Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a report on Saturday. Finally, Robert W. Baird raised their target price on shares of Mastercraft Boat from $20.00 to $24.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.20.

Mastercraft Boat Trading Up 1.1%

MCFT stock opened at $22.19 on Wednesday. The stock has a market cap of $361.92 million, a PE ratio of 50.43 and a beta of 1.03. The company has a 50-day moving average price of $20.12 and a 200 day moving average price of $18.22. Mastercraft Boat Holdings, Inc. has a 12 month low of $14.39 and a 12 month high of $23.50.

Mastercraft Boat (NASDAQ:MCFT) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.22. Mastercraft Boat had a net margin of 2.48% and a return on equity of 7.01%. The firm had revenue of $79.52 million during the quarter, compared to the consensus estimate of $70.45 million. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. The company’s revenue was up 46.4% on a year-over-year basis. Mastercraft Boat has set its FY 2026 guidance at 1.150-1.40 EPS. Q1 2026 guidance at 0.160-0.160 EPS. Sell-side analysts forecast that Mastercraft Boat Holdings, Inc. will post 0.62 EPS for the current year.

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.