UBS Group AG Grows Position in Mastercraft Boat Holdings, Inc. $MCFT

UBS Group AG raised its holdings in Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) by 130.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 107,912 shares of the company’s stock after acquiring an additional 61,120 shares during the period. UBS Group AG’s holdings in Mastercraft Boat were worth $2,041,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State of Alaska Department of Revenue purchased a new stake in shares of Mastercraft Boat in the 4th quarter valued at about $42,000. State of Wyoming purchased a new stake in shares of Mastercraft Boat in the 2nd quarter valued at about $61,000. Russell Investments Group Ltd. raised its holdings in shares of Mastercraft Boat by 16.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 9,795 shares of the company’s stock valued at $210,000 after acquiring an additional 1,394 shares in the last quarter. Strs Ohio purchased a new position in shares of Mastercraft Boat during the 3rd quarter valued at about $234,000. Finally, Jane Street Group LLC purchased a new position in shares of Mastercraft Boat during the 1st quarter valued at about $236,000. 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 $24.03 on Friday. The business’s 50 day simple moving average is $22.63 and its two-hundred day simple moving average is $21.29. The stock has a market capitalization of $391.21 million, a P/E ratio of 35.34 and a beta of 1.09. Mastercraft Boat Holdings, Inc. has a one year low of $16.46 and a one year high of $28.44.

Mastercraft Boat (NASDAQ:MCFT) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. The business had revenue of $78.21 million for the quarter, compared to analysts’ expectations of $75.55 million. Mastercraft Boat had a return on equity of 10.56% and a net margin of 3.72%.The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS. Mastercraft Boat has set its FY 2026 guidance at 1.650-1.650 EPS. Sell-side analysts expect that Mastercraft Boat Holdings, Inc. will post 1.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

MCFT has been the subject of a number of recent research reports. Weiss Ratings downgraded Mastercraft Boat from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Zacks Research upgraded Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 22nd. B. Riley Financial restated a “neutral” rating on shares of Mastercraft Boat in a research report on Friday, February 6th. Robert W. Baird set a $30.00 target price on Mastercraft Boat in a research report on Friday, May 8th. Finally, Truist Financial boosted their target price on Mastercraft Boat from $21.00 to $25.00 and gave the stock a “hold” rating in a research report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $24.80.

Mastercraft Boat Profile

MasterCraft Boat Holdings, Inc (NASDAQ: MCFT) is a designer, manufacturer and marketer of high-performance recreational powerboats. The company’s portfolio includes the MasterCraft®, Aviara®, Crest® Classic and Supra® brands, each of which features multiple model lines tailored for activities such as wakeboarding, waterskiing, cruising and luxury day boating. MasterCraft oversees the full product lifecycle from hull design and propulsion engineering to interior appointments and final assembly.

Founded in 1968 and headquartered in Vonore, Tennessee, MasterCraft has built a reputation for innovation in hull design, ballast systems and tower architecture to enhance wake performance and ride quality.