MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC reduced its stake in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) by 3.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 359,469 shares of the company’s stock after selling 14,597 shares during the period. Geode Capital Management LLC’s holdings in MasterCraft Boat were worth $6,547,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in MCFT. Dimensional Fund Advisors LP increased its holdings in MasterCraft Boat by 13.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 714,208 shares of the company’s stock valued at $13,484,000 after purchasing an additional 82,509 shares during the last quarter. Systematic Financial Management LP grew its stake in shares of MasterCraft Boat by 6.8% in the third quarter. Systematic Financial Management LP now owns 1,028,585 shares of the company’s stock valued at $18,731,000 after buying an additional 65,412 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of MasterCraft Boat by 14.8% in the 2nd quarter. American Century Companies Inc. now owns 395,570 shares of the company’s stock valued at $7,468,000 after buying an additional 51,016 shares during the period. Koss Olinger Consulting LLC acquired a new position in MasterCraft Boat during the 2nd quarter worth about $417,000. Finally, Ballentine Partners LLC acquired a new position in MasterCraft Boat during the 3rd quarter worth about $192,000. 97.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at MasterCraft Boat

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

MasterCraft Boat Stock Performance

Shares of MCFT opened at $18.78 on Friday. The company has a market capitalization of $315.43 million, a price-to-earnings ratio of -81.65 and a beta of 1.64. MasterCraft Boat Holdings, Inc. has a 52-week low of $16.12 and a 52-week high of $24.05. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. The stock has a 50 day moving average price of $19.86 and a 200 day moving average price of $19.07.

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

Analyst Ratings Changes

A number of analysts have issued reports on the stock. StockNews.com upgraded shares of MasterCraft Boat from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. B. Riley increased their target price on shares of MasterCraft Boat from $14.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. DA Davidson raised their price target on shares of MasterCraft Boat from $17.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, Truist Financial upped their target price 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 MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $21.25.

About MasterCraft Boat

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.