Systematic Financial Management LP Buys 65,412 Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Systematic Financial Management LP lifted its position in shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) by 6.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,028,585 shares of the company’s stock after purchasing an additional 65,412 shares during the quarter. Systematic Financial Management LP owned 0.06% of MasterCraft Boat worth $18,731,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its position in shares of MasterCraft Boat by 5.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 15,998 shares of the company’s stock worth $380,000 after acquiring an additional 857 shares during the last quarter. Janus Henderson Group PLC grew its stake in MasterCraft Boat by 40.5% in the first quarter. Janus Henderson Group PLC now owns 13,047 shares of the company’s stock valued at $310,000 after acquiring an additional 3,762 shares during the period. Comerica Bank lifted its holdings in shares of MasterCraft Boat by 27,130.8% in the first quarter. Comerica Bank now owns 56,640 shares of the company’s stock valued at $1,343,000 after purchasing an additional 56,432 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of MasterCraft Boat by 191.7% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,250 shares of the company’s stock valued at $98,000 after purchasing an additional 3,450 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of MasterCraft Boat by 18.1% in the second quarter. Rhumbline Advisers now owns 27,994 shares of the company’s stock valued at $529,000 after purchasing an additional 4,298 shares in the last quarter. Institutional investors own 97.64% of the company’s stock.

Analyst Upgrades and Downgrades

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

MasterCraft Boat Trading Up 1.2 %

MasterCraft Boat stock opened at $20.79 on Thursday. MasterCraft Boat Holdings, Inc. has a 12 month low of $16.12 and a 12 month high of $24.05. The stock’s 50 day moving average is $18.96 and its 200-day moving average is $19.27. 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 (NASDAQ:MCFT) last posted its earnings results on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.03 by $0.09. The company had revenue of $65.40 million for the quarter, compared to the consensus estimate of $61.19 million. MasterCraft Boat had a positive return on equity of 6.55% and a negative net margin of 1.08%. The firm’s revenue for the quarter was down 37.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 earnings per share. As a group, sell-side analysts expect that MasterCraft Boat Holdings, Inc. will post 0.61 EPS for the current fiscal year.

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.