Several other equities research analysts have also recently issued reports on MCFT. ValuEngine cut shares of Mastercraft Boat from a sell rating to a strong sell rating in a research report on Friday, May 24th. Raymond James cut shares of Mastercraft Boat from a strong-buy rating to a market perform rating in a research report on Monday, July 22nd. Zacks Investment Research cut shares of Mastercraft Boat from a hold rating to a sell rating in a research report on Saturday, July 20th. Finally, B. Riley set a $43.00 price objective on shares of Mastercraft Boat and gave the stock a buy rating in a research report on Friday, July 19th. Three analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Mastercraft Boat currently has a consensus rating of Hold and a consensus target price of $34.83.
Shares of NASDAQ MCFT opened at $14.54 on Friday. Mastercraft Boat has a 52 week low of $14.17 and a 52 week high of $39.50. The firm has a market capitalization of $272.25 million, a PE ratio of 7.16, a price-to-earnings-growth ratio of 0.50 and a beta of 1.65. The firm has a 50-day simple moving average of $18.15. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.79 and a quick ratio of 0.38.
In related news, insider Patrick May bought 4,185 shares of the stock in a transaction on Friday, May 17th. The stock was bought at an average price of $24.06 per share, with a total value of $100,691.10. Following the completion of the purchase, the insider now directly owns 5,744 shares in the company, valued at approximately $138,200.64. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frederick A. Brightbill sold 5,000 shares of the stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $20.84, for a total transaction of $104,200.00. Following the transaction, the director now directly owns 29,323 shares of the company’s stock, valued at approximately $611,091.32. The disclosure for this sale can be found here. 2.79% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in MCFT. Prime Capital Investment Advisors LLC purchased a new position in Mastercraft Boat during the first quarter worth about $25,000. Russell Investments Group Ltd. purchased a new position in Mastercraft Boat during the second quarter worth about $25,000. New York State Teachers Retirement System purchased a new position in Mastercraft Boat during the first quarter worth about $36,000. BNP Paribas Arbitrage SA purchased a new position in Mastercraft Boat during the second quarter worth about $42,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Mastercraft Boat by 106.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,017 shares of the company’s stock worth $46,000 after buying an additional 1,041 shares during the period. 95.64% of the stock is owned by institutional investors.
Mastercraft Boat Company Profile
MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. The company operates in two segments, MasterCraft and NauticStar. It offers sport boats and outboard boats, which are used for water skiing, wakeboarding, wake surfing, and fishing, as well as general recreational boating.
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