MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Major Shareholder Coliseum Capital Management, L Acquires 107,083 Shares of Stock

MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) major shareholder Coliseum Capital Management, L acquired 107,083 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The stock was bought at an average cost of $20.81 per share, with a total value of $2,228,397.23. Following the purchase, the insider now owns 2,331,367 shares in the company, valued at $48,515,747.27. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major 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 Monday, April 22nd, Coliseum Capital Management, L purchased 26,039 shares of MasterCraft Boat stock. The stock was purchased at an average price of $21.34 per share, with a total value of $555,672.26.
• On Friday, April 12th, Coliseum Capital Management, L acquired 60,000 shares of MasterCraft Boat stock. The shares were purchased at an average price of $21.84 per share, for a total transaction of $1,310,400.00.
• On Wednesday, April 10th, Coliseum Capital Management, L bought 11,308 shares of MasterCraft Boat stock. The stock was purchased at an average price of $21.63 per share, with a total value of $244,592.04.
• On Monday, March 18th, Coliseum Capital Management, L purchased 118,620 shares of MasterCraft Boat stock. The shares were purchased 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 stock was acquired at an average price of $20.72 per share, with a total value of $500,740.24.

MasterCraft Boat Trading Up 1.9 %

NASDAQ:MCFT opened at $21.50 on Tuesday. MasterCraft Boat Holdings, Inc. has a 52 week low of $19.22 and a 52 week high of $31.70. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.58 and a current ratio of 2.11. The firm’s fifty day moving average is $22.01 and its 200-day moving average is $21.57. The firm has a market cap of $366.15 million, a P/E ratio of 6.57 and a beta of 1.64.

MasterCraft Boat (NASDAQ:MCFT) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.17. MasterCraft Boat had a net margin of 10.66% and a return on equity of 32.01%. The business had revenue of $99.48 million for the quarter, compared to analysts’ expectations of $95.53 million. During the same quarter in the prior year, the firm posted $1.16 earnings per share. The business’s quarterly revenue was down 37.5% compared to the same quarter last year. Equities analysts expect that MasterCraft Boat Holdings, Inc. will post 1.51 earnings per share for the current year.

Institutional Investors Weigh In On MasterCraft Boat

Large investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its holdings 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 buying an additional 59,200 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of MasterCraft Boat by 29.6% during the 3rd quarter. AQR Capital Management LLC now owns 412,977 shares of the company’s stock valued at $9,176,000 after acquiring an additional 94,420 shares during the period. Wasatch Advisors LP boosted its stake in MasterCraft Boat by 34.2% during the first quarter. Wasatch Advisors LP now owns 381,471 shares of the company’s stock worth $9,048,000 after acquiring an additional 97,170 shares in the last quarter. American Century Companies Inc. grew its holdings in MasterCraft Boat by 15.8% in the third quarter. American Century Companies Inc. now owns 258,634 shares of the company’s stock worth $5,747,000 after purchasing an additional 35,374 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its stake in MasterCraft Boat by 0.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 212,562 shares of the company’s stock valued at $4,723,000 after purchasing an additional 617 shares in the last quarter. Institutional investors and hedge funds own 97.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MCFT shares. B. Riley decreased their price target on shares of MasterCraft Boat from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday, April 16th. Truist Financial increased their price objective on MasterCraft Boat from $20.00 to $22.00 and gave the company a “hold” rating in a report on Tuesday, January 9th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, MasterCraft Boat has an average rating of “Hold” and a consensus price target of $24.67.

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.