Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT – Get Free Report) major shareholder Coliseum Capital Management, L purchased 33,807 shares of the company’s stock in a transaction on Thursday, December 18th. The shares were bought at an average price of $19.34 per share, for a total transaction of $653,827.38. Following the completion of the transaction, the insider directly owned 3,596,422 shares in the company, valued at $69,554,801.48. This represents a 0.95% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Coliseum Capital Management, L also recently made the following trade(s):
- On Monday, December 22nd, Coliseum Capital Management, L acquired 25,000 shares of Mastercraft Boat stock. The stock was bought at an average price of $19.66 per share, with a total value of $491,500.00.
- On Friday, December 19th, Coliseum Capital Management, L bought 76,000 shares of Mastercraft Boat stock. The shares were purchased at an average cost of $19.79 per share, for a total transaction of $1,504,040.00.
Mastercraft Boat Price Performance
MCFT opened at $19.53 on Wednesday. The business has a 50 day moving average price of $19.54 and a two-hundred day moving average price of $20.11. The company has a market capitalization of $318.14 million, a price-to-earnings ratio of 20.13 and a beta of 1.09. Mastercraft Boat Holdings, Inc. has a 1-year low of $14.39 and a 1-year high of $23.93.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on MCFT. B. Riley lifted their price objective on shares of Mastercraft Boat from $17.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. Raymond James Financial raised their target price on shares of Mastercraft Boat from $21.00 to $25.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. Zacks Research lowered shares of Mastercraft Boat from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Loop Capital initiated coverage on Mastercraft Boat in a report on Monday. They issued a “hold” rating and a $21.00 price target on the stock. Finally, Robert W. Baird raised their price objective on Mastercraft Boat from $20.00 to $24.00 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. One investment analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $22.67.
Get Our Latest Stock Report on MCFT
Key Mastercraft Boat News
Here are the key news stories impacting Mastercraft Boat this week:
- Positive Sentiment: Coliseum Capital (a major shareholder) has been actively buying shares across several filings (Dec. 18, 19 and 22), adding ~134,800 shares and raising its stake to ~3.7M shares — insider accumulation often signals confidence and can reduce sell-side pressure. SEC Filing: Coliseum Purchases
- Positive Sentiment: Media coverage highlights Coliseum’s purchases valued at roughly $2.65M, which can attract other investors and provide short-term support around current price levels. Investing.com: Coliseum Buys
- Positive Sentiment: Coliseum’s latest disclosed purchase (25,000 shares at ~$19.66 on Dec. 22) was reported in multiple outlets, reinforcing the narrative of insider buying and signaling conviction at current levels. InsiderTrades: Coliseum Purchase
- Neutral Sentiment: Seaport Global initiated coverage with a “neutral”/hold recommendation and Loop Capital also started coverage at hold — initiation increases visibility and liquidity but the neutral stance limits immediate bullish catalyst potential. MSN: Seaport Initiates
- Neutral Sentiment: Zacks and other small outlets have moved the stock to “hold” or echoed the neutral commentary — these analyst positions can temper upside even as they broaden coverage. Zacks Coverage
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. SummerHaven Investment Management LLC lifted its position in shares of Mastercraft Boat by 2.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 44,177 shares of the company’s stock valued at $821,000 after acquiring an additional 854 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Mastercraft Boat by 1.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 70,694 shares of the company’s stock valued at $1,313,000 after purchasing an additional 1,188 shares during the period. First Trust Advisors LP raised its stake in Mastercraft Boat by 3.1% during the 2nd quarter. First Trust Advisors LP now owns 41,276 shares of the company’s stock valued at $767,000 after purchasing an additional 1,259 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Mastercraft Boat by 16.6% in the third quarter. Russell Investments Group Ltd. now owns 9,795 shares of the company’s stock valued at $210,000 after purchasing an additional 1,394 shares in the last quarter. Finally, New York State Teachers Retirement System purchased a new stake in shares of Mastercraft Boat in the third quarter valued at $32,000. 97.64% of the stock is owned by hedge funds and other institutional investors.
Mastercraft Boat Company Profile
MasterCraft Boat Holdings, Inc (NASDAQ: MCFT) is a designer, manufacturer and marketer of high-performance recreational powerboats. The company’s portfolio includes the MasterCraft®, Aviara®, Crest® Classic and Supra® brands, each of which features multiple model lines tailored for activities such as wakeboarding, waterskiing, cruising and luxury day boating. MasterCraft oversees the full product lifecycle from hull design and propulsion engineering to interior appointments and final assembly.
Founded in 1968 and headquartered in Vonore, Tennessee, MasterCraft has built a reputation for innovation in hull design, ballast systems and tower architecture to enhance wake performance and ride quality.
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