Los Angeles Capital Management LLC Sells 20,912 Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Los Angeles Capital Management LLC lowered its holdings in shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) by 54.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,248 shares of the company’s stock after selling 20,912 shares during the quarter. Los Angeles Capital Management LLC’s holdings in MasterCraft Boat were worth $314,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Principal Financial Group Inc. bought a new position in shares of MasterCraft Boat during the 3rd quarter valued at $191,000. US Bancorp DE raised its holdings in shares of MasterCraft Boat by 64.0% during the 3rd quarter. US Bancorp DE now owns 5,123 shares of the company’s stock valued at $93,000 after purchasing an additional 2,000 shares in the last quarter. Ballentine Partners LLC bought a new position in shares of MasterCraft Boat during the 3rd quarter valued at $192,000. Koss Olinger Consulting LLC raised its holdings in MasterCraft Boat by 6.0% in the 3rd quarter. Koss Olinger Consulting LLC now owns 23,431 shares of the company’s stock worth $427,000 after acquiring an additional 1,320 shares during the period. Finally, SG Americas Securities LLC bought a new position in MasterCraft Boat in the 3rd quarter worth $126,000. Institutional investors own 97.64% of the company’s stock.

MasterCraft Boat Stock Performance

NASDAQ MCFT opened at $20.66 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.49. The firm has a market capitalization of $347.01 million, a price-to-earnings ratio of -89.83 and a beta of 1.61. The company’s fifty day moving average is $18.11 and its two-hundred day moving average is $19.20. MasterCraft Boat Holdings, Inc. has a 52-week low of $16.12 and a 52-week high of $24.05.

MasterCraft Boat (NASDAQ:MCFT) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.09. The company had revenue of $65.40 million for the quarter, compared to analyst estimates of $61.19 million. MasterCraft Boat had a negative net margin of 1.08% and a positive return on equity of 6.55%. The business’s quarterly revenue was down 37.2% on a year-over-year basis. During the same period last year, the business posted $0.43 EPS. Equities research analysts forecast that MasterCraft Boat Holdings, Inc. will post 0.61 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on MCFT shares. DA Davidson lifted their target price on shares of MasterCraft Boat from $17.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Truist Financial lifted their target price on shares of MasterCraft Boat from $15.00 to $22.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. StockNews.com downgraded shares of MasterCraft Boat from a “hold” rating to a “sell” rating in a report on Monday, September 2nd. B. Riley lifted their target price on shares of MasterCraft Boat from $14.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $22.00 target price on shares of MasterCraft Boat in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, MasterCraft Boat currently has an average rating of “Hold” and a consensus target price of $21.25.

MasterCraft Boat 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.