Isthmus Partners LLC Acquires 4,252 Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Isthmus Partners LLC lifted its position in shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFTFree Report) by 5.3% in the 4th quarter, Holdings Channel reports. The fund owned 85,227 shares of the company’s stock after buying an additional 4,252 shares during the quarter. Isthmus Partners LLC’s holdings in MasterCraft Boat were worth $1,930,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale purchased a new stake in MasterCraft Boat during the 3rd quarter worth about $86,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of MasterCraft Boat by 41.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,486 shares of the company’s stock valued at $102,000 after buying an additional 1,306 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of MasterCraft Boat during the 3rd quarter valued at about $116,000. Allspring Global Investments Holdings LLC raised its holdings in shares of MasterCraft Boat by 60.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,198 shares of the company’s stock valued at $160,000 after buying an additional 2,703 shares in the last quarter. Finally, Carmel Capital Partners LLC raised its holdings in shares of MasterCraft Boat by 596.4% during the 4th quarter. Carmel Capital Partners LLC now owns 8,879 shares of the company’s stock valued at $201,000 after buying an additional 7,604 shares in the last quarter. Institutional investors own 97.64% of the company’s stock.

Insider Buying and Selling at MasterCraft Boat

In related news, major shareholder Coliseum Capital Management, L acquired 118,620 shares of the stock in a transaction on Monday, March 18th. The stock was acquired at an average price of $21.84 per share, for a total transaction of $2,590,660.80. Following the completion of the purchase, the insider now owns 2,151,676 shares of the company’s stock, valued at $46,992,603.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders purchased 697,223 shares of company stock worth $14,647,623. 2.50% of the stock is owned by insiders.

MasterCraft Boat Stock Up 3.4 %

Shares of MCFT traded up $0.69 on Thursday, reaching $20.87. The stock had a trading volume of 150,368 shares, compared to its average volume of 144,783. The firm has a market capitalization of $354.37 million, a price-to-earnings ratio of 9.40 and a beta of 1.65. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.54 and a current ratio of 2.02. The company has a 50-day simple moving average of $21.39 and a 200-day simple moving average of $21.40. MasterCraft Boat Holdings, Inc. has a 12-month low of $18.01 and a 12-month high of $31.70.

MasterCraft Boat (NASDAQ:MCFTGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.09. The business had revenue of $95.71 million during the quarter, compared to analysts’ expectations of $92.32 million. MasterCraft Boat had a return on equity of 21.71% and a net margin of 8.26%. Sell-side analysts predict that MasterCraft Boat Holdings, Inc. will post 0.85 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. B. Riley reduced their price target on MasterCraft Boat from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 16th. Stifel Nicolaus cut their price objective on MasterCraft Boat from $27.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, MasterCraft Boat currently has a consensus rating of “Hold” and an average price target of $24.00.

Get Our Latest Report on MCFT

About MasterCraft Boat

(Free Report)

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.

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Institutional Ownership by Quarter for MasterCraft Boat (NASDAQ:MCFT)

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