Barclays PLC Sells 89,893 Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Barclays PLC trimmed its position in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) by 73.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 33,315 shares of the company’s stock after selling 89,893 shares during the period. Barclays PLC’s holdings in MasterCraft Boat were worth $606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in MCFT. Rhumbline Advisers grew its stake in shares of MasterCraft Boat by 18.1% in the second quarter. Rhumbline Advisers now owns 27,994 shares of the company’s stock valued at $529,000 after acquiring an additional 4,298 shares in the last quarter. Isthmus Partners LLC boosted its holdings in MasterCraft Boat by 0.4% in the 2nd quarter. Isthmus Partners LLC now owns 146,706 shares of the company’s stock valued at $28,000 after purchasing an additional 532 shares during the period. Koss Olinger Consulting LLC acquired a new position in shares of MasterCraft Boat during the 2nd quarter worth approximately $417,000. American Century Companies Inc. increased its holdings in shares of MasterCraft Boat by 14.8% during the second quarter. American Century Companies Inc. now owns 395,570 shares of the company’s stock worth $7,468,000 after purchasing an additional 51,016 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of MasterCraft Boat by 13.1% in the second quarter. Dimensional Fund Advisors LP now owns 714,208 shares of the company’s stock valued at $13,484,000 after buying an additional 82,509 shares in the last quarter. Institutional investors own 97.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MCFT. B. Riley increased their price target on MasterCraft Boat from $14.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. StockNews.com raised MasterCraft Boat from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. DA Davidson boosted their price target on MasterCraft Boat from $17.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, Truist Financial increased their price objective on shares of MasterCraft Boat from $15.00 to $22.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $21.25.

MasterCraft Boat Trading Up 0.6 %

Shares of MCFT opened at $19.07 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.49 and a current ratio of 2.01. MasterCraft Boat Holdings, Inc. has a 52-week low of $16.12 and a 52-week high of $24.05. The firm has a market cap of $320.30 million, a price-to-earnings ratio of -82.91 and a beta of 1.64. The business’s fifty day moving average is $19.78 and its 200-day moving average is $19.08.

MasterCraft Boat (NASDAQ:MCFT) last issued its earnings results on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.03 by $0.09. MasterCraft Boat had a positive return on equity of 6.55% and a negative net margin of 1.08%. The firm had revenue of $65.40 million during the quarter, compared to the consensus estimate of $61.19 million. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The business’s quarterly revenue was down 37.2% on a year-over-year basis. Equities analysts anticipate that MasterCraft Boat Holdings, Inc. will post 0.61 EPS for the current fiscal year.

Insider Activity at MasterCraft Boat

In other news, major shareholder Coliseum Capital Management, L bought 55,000 shares of the stock in a transaction on Monday, December 30th. The stock was acquired at an average price of $18.83 per share, with a total value of $1,035,650.00. Following the acquisition, the insider now directly owns 3,562,615 shares in the company, valued at approximately $67,084,040.45. This trade represents a 1.57 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.00% of the stock is owned by insiders.

MasterCraft Boat 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.