MasterCraft Boat (NASDAQ:MCFT) Cut to Sell at StockNews.com

StockNews.com lowered shares of MasterCraft Boat (NASDAQ:MCFT) from a hold rating to a sell rating in a report published on Monday.

Other equities analysts have also issued reports about the company. Truist Financial decreased their price objective on MasterCraft Boat from $22.00 to $20.00 and set a “hold” rating for the company in a research report on Tuesday, January 7th. DA Davidson increased their price objective on shares of MasterCraft Boat from $17.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, B. Riley boosted their price objective on shares of MasterCraft Boat from $14.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $20.75.

MasterCraft Boat Stock Up 0.1 %

Shares of NASDAQ:MCFT opened at $18.31 on Monday. The company has a 50 day moving average price of $19.36 and a two-hundred day moving average price of $19.05. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.49 and a current ratio of 2.01. The company has a market capitalization of $307.61 million, a PE ratio of -79.61 and a beta of 1.67. MasterCraft Boat has a 52 week low of $16.12 and a 52 week high of $24.05.

MasterCraft Boat (NASDAQ:MCFT) last issued its quarterly earnings data 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 business had revenue of $65.40 million for the quarter, compared to the consensus estimate of $61.19 million. During the same quarter last year, the business posted $0.43 EPS. The firm’s revenue was down 37.2% compared to the same quarter last year. Analysts forecast that MasterCraft Boat will post 0.61 earnings per share for the current year.

Insider Transactions at MasterCraft Boat

In other MasterCraft Boat news, major shareholder Coliseum Capital Management, L acquired 53,853 shares of MasterCraft Boat stock in a transaction dated Thursday, December 26th. The stock was bought at an average cost of $18.87 per share, for a total transaction of $1,016,206.11. Following the purchase, the insider now directly owns 3,426,523 shares in the company, valued at approximately $64,658,489.01. This represents a 1.60 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MCFT. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of MasterCraft Boat by 106.8% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 12,200 shares of the company’s stock worth $233,000 after purchasing an additional 6,300 shares in the last quarter. SG Americas Securities LLC grew its position in shares of MasterCraft Boat by 10.7% in the 4th quarter. SG Americas Securities LLC now owns 7,673 shares of the company’s stock valued at $146,000 after acquiring an additional 742 shares during the period. Principal Financial Group Inc. acquired a new position in shares of MasterCraft Boat during the 3rd quarter worth about $191,000. Forager Capital Management LLC raised its holdings in shares of MasterCraft Boat by 29.9% in the 3rd quarter. Forager Capital Management LLC now owns 1,697,695 shares of the company’s stock valued at $30,915,000 after purchasing an additional 390,405 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its stake in MasterCraft Boat by 25.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 12,854 shares of the company’s stock valued at $234,000 after purchasing an additional 2,620 shares during the last quarter. 97.64% of the stock is owned by institutional investors and hedge funds.

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.