Coliseum Capital Management, L Purchases 11,308 Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Stock

MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) major shareholder Coliseum Capital Management, L purchased 11,308 shares of the business’s stock in a transaction dated Wednesday, April 10th. The shares were purchased at an average price of $21.63 per share, for a total transaction of $244,592.04. Following the acquisition, the insider now owns 2,162,984 shares of the company’s stock, valued at $46,785,343.92. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Coliseum Capital Management, L also recently made the following trade(s):

• On Friday, April 12th, Coliseum Capital Management, L purchased 60,000 shares of MasterCraft Boat stock. The shares were purchased at an average price of $21.84 per share, for a total transaction of $1,310,400.00.
• On Monday, March 18th, Coliseum Capital Management, L purchased 118,620 shares of MasterCraft Boat stock. The shares were purchased at an average price of $21.84 per share, for a total transaction of $2,590,660.80.
• On Thursday, March 14th, Coliseum Capital Management, L purchased 24,167 shares of MasterCraft Boat stock. The shares were purchased at an average price of $20.72 per share, for a total transaction of $500,740.24.

MasterCraft Boat Stock Down 0.4 %

Shares of MCFT stock opened at $21.93 on Friday. The company has a market capitalization of $373.47 million, a price-to-earnings ratio of 6.71 and a beta of 1.64. MasterCraft Boat Holdings, Inc. has a one year low of $19.22 and a one year high of $31.70. The company’s fifty day moving average price is $22.00 and its 200-day moving average price is $21.62. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.11 and a quick ratio of 1.58.

MasterCraft Boat (NASDAQ:MCFT) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.20 by $0.17. The firm had revenue of $99.48 million for the quarter, compared to the consensus estimate of $95.53 million. MasterCraft Boat had a net margin of 10.66% and a return on equity of 32.01%. The company’s revenue was down 37.5% on a year-over-year basis. During the same period last year, the firm earned $1.16 EPS. Sell-side analysts expect that MasterCraft Boat Holdings, Inc. will post 1.51 EPS for the current fiscal year.

Institutional Trading of MasterCraft Boat

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers increased its holdings in MasterCraft Boat by 1.5% in the 1st quarter. Rhumbline Advisers now owns 24,453 shares of the company’s stock valued at $744,000 after acquiring an additional 367 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in MasterCraft Boat by 44.7% in the 4th quarter. Meeder Asset Management Inc. now owns 1,435 shares of the company’s stock valued at $37,000 after acquiring an additional 443 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of MasterCraft Boat by 143.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 829 shares of the company’s stock worth $25,000 after buying an additional 489 shares during the last quarter. Group One Trading L.P. increased its holdings in shares of MasterCraft Boat by 55.9% in the 1st quarter. Group One Trading L.P. now owns 1,394 shares of the company’s stock worth $34,000 after buying an additional 500 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of MasterCraft Boat by 0.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 212,562 shares of the company’s stock worth $4,723,000 after buying an additional 617 shares during the last quarter. 97.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Truist Financial raised their target price on shares of MasterCraft Boat from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Tuesday, January 9th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, MasterCraft Boat has an average rating of “Hold” and an average target price of $24.83.

MasterCraft Boat Company Profile

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.