MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Shares Bought by US Bancorp DE

US Bancorp DE raised its stake in shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) by 64.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,123 shares of the company’s stock after purchasing an additional 2,000 shares during the quarter. US Bancorp DE’s holdings in MasterCraft Boat were worth $93,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Isthmus Partners LLC lifted its holdings in shares of 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 purchasing an additional 532 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its holdings in MasterCraft Boat by 191.7% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,250 shares of the company’s stock worth $98,000 after buying an additional 3,450 shares during the period. SG Americas Securities LLC acquired a new stake in MasterCraft Boat during the 3rd quarter valued at approximately $126,000. Squarepoint Ops LLC acquired a new stake in MasterCraft Boat during the 2nd quarter valued at approximately $190,000. Finally, Ballentine Partners LLC purchased a new stake in shares of MasterCraft Boat in the 3rd quarter valued at $192,000. Hedge funds and other institutional investors own 97.64% of the company’s stock.

MasterCraft Boat Price Performance

Shares of MasterCraft Boat stock opened at $20.66 on Friday. The firm has a market cap of $347.09 million, a PE ratio of -89.83 and a beta of 1.61. The business has a 50-day moving average price of $18.11 and a 200 day moving average price of $19.21. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. MasterCraft Boat Holdings, Inc. has a twelve month low of $16.12 and a twelve month high of $24.05.

MasterCraft Boat (NASDAQ:MCFT) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $61.19 million. During the same period in the previous year, the business earned $0.43 earnings per share. The business’s revenue was down 37.2% compared to the same quarter last year. Sell-side analysts predict that MasterCraft Boat Holdings, Inc. will post 0.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MCFT has been the subject of several recent research reports. StockNews.com cut shares of MasterCraft Boat from a “hold” rating to a “sell” rating in a report on Monday, September 2nd. Truist Financial boosted their price objective on MasterCraft Boat from $15.00 to $22.00 and gave the company a “hold” rating in a report on Thursday, November 7th. B. Riley lifted their price target on MasterCraft Boat from $14.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. DA Davidson boosted their price target on MasterCraft Boat from $17.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $22.00 price objective on shares of MasterCraft Boat in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average 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.