MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Receives $19.60 Consensus PT from Brokerages

MasterCraft Boat Holdings, Inc. (NASDAQ:MCFTGet Free Report) has been given an average rating of “Hold” by the six analysts that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $19.60.

MCFT has been the subject of a number of research reports. StockNews.com lowered shares of MasterCraft Boat from a “hold” rating to a “sell” rating in a research note on Thursday, April 24th. DA Davidson cut their price target on shares of MasterCraft Boat from $23.00 to $22.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. Robert W. Baird reaffirmed a “neutral” rating and set a $20.00 price objective (down previously from $26.00) on shares of MasterCraft Boat in a research note on Friday, April 4th. Baird R W lowered shares of MasterCraft Boat from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Finally, B. Riley raised shares of MasterCraft Boat to a “hold” rating in a research note on Wednesday, February 12th.

View Our Latest Research Report on MCFT

MasterCraft Boat Price Performance

NASDAQ:MCFT opened at $16.65 on Tuesday. MasterCraft Boat has a 1 year low of $14.39 and a 1 year high of $23.00. The firm has a market capitalization of $278.94 million, a price-to-earnings ratio of -41.62 and a beta of 1.34. The business has a 50 day simple moving average of $16.79 and a 200-day simple moving average of $18.31.

MasterCraft Boat (NASDAQ:MCFTGet Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. MasterCraft Boat had a negative net margin of 2.29% and a positive return on equity of 3.74%. As a group, analysts expect that MasterCraft Boat will post 0.62 earnings per share for the current fiscal year.

Insider Buying and Selling at MasterCraft Boat

In other MasterCraft Boat news, major shareholder Fund L.P. Forager purchased 11,172 shares of MasterCraft Boat stock in a transaction on Thursday, April 17th. The shares were bought at an average price of $15.82 per share, with a total value of $176,741.04. Following the purchase, the insider now directly owns 1,724,941 shares in the company, valued at $27,288,566.62. This trade represents a 0.65 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased 77,420 shares of company stock worth $1,261,191 over the last 90 days. Corporate insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On MasterCraft Boat

Hedge funds and other institutional investors have recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in MasterCraft Boat by 8.2% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 13,200 shares of the company’s stock worth $227,000 after acquiring an additional 1,000 shares during the period. SummerHaven Investment Management LLC boosted its stake in shares of MasterCraft Boat by 1.9% during the 1st quarter. SummerHaven Investment Management LLC now owns 43,323 shares of the company’s stock valued at $746,000 after buying an additional 790 shares during the last quarter. GAMMA Investing LLC lifted its stake in MasterCraft Boat by 6,422.7% during the first quarter. GAMMA Investing LLC now owns 8,610 shares of the company’s stock worth $148,000 after purchasing an additional 8,478 shares during the last quarter. Squarepoint Ops LLC increased its position in MasterCraft Boat by 144.1% in the fourth quarter. Squarepoint Ops LLC now owns 14,534 shares of the company’s stock worth $277,000 after buying an additional 47,510 shares during the period. Finally, State of Wyoming acquired a new stake in MasterCraft Boat in the fourth quarter worth $108,000. 97.64% of the stock is owned by institutional investors and hedge funds.

About MasterCraft Boat

(Get Free Report

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.

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Analyst Recommendations for MasterCraft Boat (NASDAQ:MCFT)

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