Mastercraft Boat (NASDAQ:MCFT) Major Shareholder Coliseum Capital Management, L Acquires 25,000 Shares

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) major shareholder Coliseum Capital Management, L bought 25,000 shares of the stock in a transaction that occurred on Monday, December 22nd. The shares were purchased at an average cost of $19.66 per share, with a total value of $491,500.00. Following the purchase, the insider directly owned 3,697,422 shares of the company’s stock, valued at $72,691,316.52. The trade was a 0.68% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Coliseum Capital Management, L also recently made the following trade(s):

• On Friday, December 19th, Coliseum Capital Management, L acquired 76,000 shares of Mastercraft Boat stock. The shares were bought at an average price of $19.79 per share, for a total transaction of $1,504,040.00.
• On Thursday, December 18th, Coliseum Capital Management, L purchased 33,807 shares of Mastercraft Boat stock. The stock was acquired at an average cost of $19.34 per share, with a total value of $653,827.38.

Mastercraft Boat Price Performance

Shares of MCFT stock traded down $0.17 during trading hours on Monday, reaching $19.53. The company had a trading volume of 133,571 shares, compared to its average volume of 130,531. The business has a fifty day simple moving average of $19.57 and a 200-day simple moving average of $20.10. Mastercraft Boat Holdings, Inc. has a 12 month low of $14.39 and a 12 month high of $23.93. The company has a market cap of $318.14 million, a price-to-earnings ratio of 20.13 and a beta of 1.09.

Mastercraft Boat (NASDAQ:MCFT) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.12. Mastercraft Boat had a return on equity of 8.09% and a net margin of 5.50%.The business had revenue of $69.00 million for the quarter, compared to analyst estimates of $66.96 million. During the same period last year, the company posted $0.12 earnings per share. Mastercraft Boat’s quarterly revenue was up 5.5% compared to the same quarter last year. Mastercraft Boat has set its FY 2026 guidance at 1.180-1.430 EPS and its Q2 2026 guidance at 0.160-0.160 EPS. On average, equities research analysts expect that Mastercraft Boat Holdings, Inc. will post 0.62 earnings per share for the current year.

Institutional Investors Weigh In On Mastercraft Boat

A number of institutional investors have recently bought and sold shares of the business. Gratia Capital LLC purchased a new position in shares of Mastercraft Boat in the second quarter worth $4,273,000. Arrowstreet Capital Limited Partnership increased its position in Mastercraft Boat by 212.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 220,819 shares of the company’s stock valued at $4,739,000 after acquiring an additional 150,125 shares during the last quarter. Corient Private Wealth LLC purchased a new stake in Mastercraft Boat in the 2nd quarter worth about $2,065,000. Forager Capital Management LLC lifted its position in shares of Mastercraft Boat by 6.2% during the second quarter. Forager Capital Management LLC now owns 1,802,975 shares of the company’s stock worth $33,499,000 after purchasing an additional 105,280 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Mastercraft Boat by 1,252.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 112,930 shares of the company’s stock valued at $2,423,000 after buying an additional 104,577 shares during the period. Hedge funds and other institutional investors own 97.64% of the company’s stock.

Wall Street Analysts Forecast Growth

MCFT has been the subject of several analyst reports. Truist Financial set a $21.00 price target on shares of Mastercraft Boat in a research report on Friday, October 24th. Loop Capital assumed coverage on shares of Mastercraft Boat in a report on Monday. They set a “hold” rating and a $21.00 target price for the company. Robert W. Baird upped their price target on Mastercraft Boat from $20.00 to $24.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th. Zacks Research cut Mastercraft Boat from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Mastercraft Boat in a report on Monday, December 15th. One research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $22.67.

Mastercraft Boat Company 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.