Ellsworth Advisors LLC Invests $523,000 in Mastercraft Boat Holdings, Inc. $MCFT

Ellsworth Advisors LLC acquired a new position in Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 27,633 shares of the company’s stock, valued at approximately $523,000.

Several other large investors have also recently added to or reduced their stakes in MCFT. 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 acquiring an additional 1,188 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Mastercraft Boat by 3.1% in the second quarter. First Trust Advisors LP now owns 41,276 shares of the company’s stock worth $767,000 after purchasing an additional 1,259 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Mastercraft Boat by 16.6% during 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 during the period. New York State Teachers Retirement System acquired a new position in shares of Mastercraft Boat during the third quarter valued at $32,000. Finally, Quantinno Capital Management LP raised its stake in shares of Mastercraft Boat by 18.0% during the second quarter. Quantinno Capital Management LP now owns 16,327 shares of the company’s stock valued at $303,000 after purchasing an additional 2,496 shares in the last quarter. 97.64% of the stock is currently owned by institutional investors and hedge funds.

Mastercraft Boat Stock Down 0.5%

Shares of Mastercraft Boat stock opened at $20.30 on Friday. The business has a fifty day simple moving average of $21.76 and a 200-day simple moving average of $20.77. Mastercraft Boat Holdings, Inc. has a fifty-two week low of $14.39 and a fifty-two week high of $26.49. The firm has a market cap of $330.48 million, a price-to-earnings ratio of 21.15 and a beta of 1.06.

Mastercraft Boat (NASDAQ:MCFT) last released its earnings results on Thursday, February 5th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.13. Mastercraft Boat had a return on equity of 9.51% and a net margin of 5.27%.The firm had revenue of $71.76 million for the quarter, compared to analyst estimates of $68.79 million. During the same period in the previous year, the company earned $0.10 earnings per share. Mastercraft Boat’s revenue was up 13.2% compared to the same quarter last year. Mastercraft Boat has set its Q3 2026 guidance at 0.350-0.350 EPS and its FY 2026 guidance at 1.450-1.600 EPS. Analysts anticipate that Mastercraft Boat Holdings, Inc. will post 0.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on MCFT. Seaport Research Partners raised shares of Mastercraft Boat to a “hold” rating in a report on Monday, December 22nd. Zacks Research upgraded shares of Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mastercraft Boat in a research note on Friday, March 27th. B. Riley Financial reiterated a “neutral” rating on shares of Mastercraft Boat in a report on Friday, February 6th. Finally, Robert W. Baird set a $28.00 price objective on shares of Mastercraft Boat in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Mastercraft Boat currently has an average rating of “Hold” and a consensus price target of $23.60.

Insider Activity

In related news, major shareholder Fund L.P. Forager sold 30,131 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $23.43, for a total value of $705,969.33. Following the sale, the insider directly owned 1,637,774 shares in the company, valued at $38,373,044.82. The trade was a 1.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have sold 87,841 shares of company stock valued at $2,069,264. Insiders own 2.50% of the company’s stock.

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.