JPMorgan Chase & Co. Has $2.42 Million Stake in Mastercraft Boat Holdings, Inc. $MCFT

JPMorgan Chase & Co. boosted its position in Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) by 1,252.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 112,930 shares of the company’s stock after buying an additional 104,577 shares during the period. JPMorgan Chase & Co.’s holdings in Mastercraft Boat were worth $2,423,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership lifted its holdings in Mastercraft Boat by 1.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 70,694 shares of the company’s stock valued at $1,313,000 after buying an additional 1,188 shares during the period. First Trust Advisors LP lifted its holdings in Mastercraft Boat by 3.1% in the second quarter. First Trust Advisors LP now owns 41,276 shares of the company’s stock valued at $767,000 after buying an additional 1,259 shares during the period. Russell Investments Group Ltd. lifted its holdings in 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 buying an additional 1,394 shares during the period. New York State Teachers Retirement System bought a new stake in Mastercraft Boat in the third quarter valued at $32,000. Finally, Quantinno Capital Management LP increased its stake in Mastercraft Boat by 18.0% in 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. Institutional investors and hedge funds own 97.64% of the company’s stock.

Insider Transactions at Mastercraft Boat

In other Mastercraft Boat news, major shareholder Fund L.P. Forager sold 26,497 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $23.50, for a total value of $622,679.50. Following the completion of the sale, the insider directly owned 1,611,277 shares of the company’s stock, valued at approximately $37,865,009.50. This represents a 1.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have sold 87,841 shares of company stock valued at $2,069,264. Corporate insiders own 2.50% of the company’s stock.

Mastercraft Boat Price Performance

NASDAQ:MCFT opened at $20.29 on Tuesday. The firm has a 50-day moving average of $21.70 and a 200-day moving average of $20.72. The company has a market cap of $330.32 million, a PE ratio of 21.14 and a beta of 1.06. Mastercraft Boat Holdings, Inc. has a one year low of $14.39 and a one year high of $26.49.

Mastercraft Boat (NASDAQ:MCFT) last issued its quarterly earnings data 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 net margin of 5.27% and a return on equity of 9.51%. The business had revenue of $71.76 million during the quarter, compared to the consensus estimate of $68.79 million. During the same period in the prior year, the firm posted $0.10 EPS. The firm’s quarterly 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. On average, equities research analysts expect that Mastercraft Boat Holdings, Inc. will post 0.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MCFT shares. Loop Capital started coverage on shares of Mastercraft Boat in a research note on Monday, December 22nd. They issued a “hold” rating and a $21.00 price target for the company. B. Riley Financial reaffirmed a “neutral” rating on shares of Mastercraft Boat in a research note on Friday, February 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mastercraft Boat in a research note on Friday, March 27th. Zacks Research raised shares of Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. Finally, Seaport Research Partners raised shares of Mastercraft Boat to a “hold” rating in a research note on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $23.60.

About Mastercraft Boat

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.