Harel Insurance Investments & Financial Services Ltd. Buys 6,300 Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Harel Insurance Investments & Financial Services Ltd. boosted its stake in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) by 106.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,200 shares of the company’s stock after purchasing an additional 6,300 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in MasterCraft Boat were worth $233,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MCFT. Forager Capital Management LLC increased its stake in shares of MasterCraft Boat by 29.9% in the third quarter. Forager Capital Management LLC now owns 1,697,695 shares of the company’s stock worth $30,915,000 after buying an additional 390,405 shares during the period. Dimensional Fund Advisors LP grew 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 worth $13,484,000 after acquiring an additional 82,509 shares during the last quarter. Systematic Financial Management LP increased its position 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 acquiring an additional 65,412 shares during the period. Ballentine Partners LLC bought a new position in shares of MasterCraft Boat during the third quarter valued at about $192,000. Finally, Principal Financial Group Inc. purchased a new stake in shares of MasterCraft Boat during the third quarter worth about $191,000. Institutional investors own 97.64% of the company’s stock.

MasterCraft Boat Stock Down 2.2 %

MCFT stock opened at $18.59 on Friday. The company has a market capitalization of $312.31 million, a price-to-earnings ratio of -80.83 and a beta of 1.67. 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 business’s 50 day moving average price is $19.48 and its two-hundred day moving average price is $19.05. MasterCraft Boat Holdings, Inc. has a fifty-two week low of $16.12 and a fifty-two week high of $24.05.

MasterCraft Boat (NASDAQ:MCFT) last posted its quarterly earnings data 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 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 the consensus estimate of $61.19 million. During the same quarter in the prior year, the company earned $0.43 earnings per share. The firm’s quarterly revenue was down 37.2% compared to the same quarter last year. As a group, analysts forecast that MasterCraft Boat Holdings, Inc. will post 0.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on MCFT. 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. B. Riley boosted their target price on MasterCraft Boat from $14.00 to $18.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Truist Financial decreased their target price on MasterCraft Boat from $22.00 to $20.00 and set a “hold” rating for the company in a report on Tuesday, January 7th. Finally, StockNews.com upgraded shares of MasterCraft Boat from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $20.75.

Insider Buying and Selling

In related news, major shareholder Coliseum Capital Management, L acquired 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, for a total transaction of $1,035,650.00. Following the completion of the purchase, the insider now owns 3,562,615 shares of the company’s stock, valued at $67,084,040.45. This 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 can be accessed through the SEC website. 4.00% of the stock is currently owned by insiders.

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.