MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Stake Lessened by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its stake in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) by 54.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,248 shares of the company’s stock after selling 20,912 shares during the period. Los Angeles Capital Management LLC owned approximately 0.10% of MasterCraft Boat worth $314,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Systematic Financial Management LP boosted its holdings in MasterCraft Boat by 2.8% during the second quarter. Systematic Financial Management LP now owns 963,173 shares of the company’s stock worth $18,185,000 after buying an additional 26,077 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in MasterCraft Boat by 13.1% during the second quarter. Dimensional Fund Advisors LP now owns 714,208 shares of the company’s stock worth $13,484,000 after buying an additional 82,509 shares in the last quarter. American Century Companies Inc. boosted its holdings in 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 buying an additional 51,016 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in MasterCraft Boat by 0.7% during the second quarter. Renaissance Technologies LLC now owns 214,400 shares of the company’s stock worth $4,048,000 after buying an additional 1,400 shares in the last quarter. Finally, Isthmus Partners LLC boosted its holdings in MasterCraft Boat by 0.4% during the second quarter. Isthmus Partners LLC now owns 146,706 shares of the company’s stock worth $28,000 after buying an additional 532 shares in the last quarter. 97.64% of the stock is currently owned by institutional investors.

MasterCraft Boat Stock Down 0.3 %

MCFT stock opened at $20.66 on Monday. MasterCraft Boat Holdings, Inc. has a 12-month low of $16.12 and a 12-month 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 company has a market cap of $347.01 million, a price-to-earnings ratio of -89.83 and a beta of 1.61. The company has a 50 day moving average of $18.11 and a two-hundred day moving average of $19.20.

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

Analyst Ratings Changes

MCFT has been the subject of a number of research reports. Truist Financial raised their target price on shares of MasterCraft Boat from $15.00 to $22.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $22.00 price objective on shares of MasterCraft Boat in a research note on Friday, August 30th. B. Riley raised their price objective on shares of MasterCraft Boat from $14.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. StockNews.com lowered shares of MasterCraft Boat from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd. Finally, DA Davidson raised their price objective on shares of MasterCraft Boat from $17.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, MasterCraft Boat currently has a consensus rating of “Hold” and a consensus target price of $21.25.

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.