MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT - Get Free Report) major shareholder Coliseum Capital Management, L acquired 11,308 shares of the company's stock in a transaction that occurred on Wednesday, April 10th. The shares were bought at an average price of $21.63 per share, for a total transaction of $244,592.04. Following the completion of the acquisition, the insider now owns 2,162,984 shares of the company's stock, valued at $46,785,343.92. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.
Coliseum Capital Management, L also recently made the following trade(s):
- On Friday, April 12th, Coliseum Capital Management, L acquired 60,000 shares of MasterCraft Boat stock. The shares were bought at an average price of $21.84 per share, for a total transaction of $1,310,400.00.
- On Monday, March 18th, Coliseum Capital Management, L acquired 118,620 shares of MasterCraft Boat stock. The shares were bought at an average price of $21.84 per share, for a total transaction of $2,590,660.80.
- On Thursday, March 14th, Coliseum Capital Management, L acquired 24,167 shares of MasterCraft Boat stock. The shares were bought at an average price of $20.72 per share, for a total transaction of $500,740.24.
MasterCraft Boat Stock Down 0.4 %
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Shares of MCFT stock opened at $21.93 on Friday. The company has a current ratio of 2.11, a quick ratio of 1.58 and a debt-to-equity ratio of 0.24. MasterCraft Boat Holdings, Inc. has a 1 year low of $19.22 and a 1 year high of $31.70. The firm's fifty day moving average price is $22.00 and its two-hundred day moving average price is $21.61. The firm has a market capitalization of $373.47 million, a P/E ratio of 6.71 and a beta of 1.64.
MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.17. The firm had revenue of $99.48 million for the quarter, compared to analyst estimates of $95.53 million. MasterCraft Boat had a net margin of 10.66% and a return on equity of 32.01%. The company's revenue was down 37.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.16 EPS. On average, equities analysts predict that MasterCraft Boat Holdings, Inc. will post 1.51 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, Truist Financial lifted their price target on shares of MasterCraft Boat from $20.00 to $22.00 and gave the company a "hold" rating in a research note on Tuesday, January 9th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $24.83.
View Our Latest Research Report on MasterCraft Boat
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of MasterCraft Boat by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 1,333,985 shares of the company's stock worth $30,201,000 after purchasing an additional 31,560 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of MasterCraft Boat by 11.2% during the 4th quarter. Wellington Management Group LLP now owns 590,100 shares of the company's stock worth $13,360,000 after purchasing an additional 59,200 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of MasterCraft Boat by 15.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,141 shares of the company's stock worth $343,000 after purchasing an additional 2,057 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of MasterCraft Boat during the 4th quarter worth about $306,000. Finally, Barclays PLC increased its stake in shares of MasterCraft Boat by 151.9% during the 4th quarter. Barclays PLC now owns 39,362 shares of the company's stock worth $892,000 after purchasing an additional 23,738 shares during the last quarter. 97.64% of the stock is currently owned by institutional investors and hedge funds.
MasterCraft Boat Company Profile
(
Get 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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