Metis Global Partners LLC Purchases Shares of 10,431 MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Metis Global Partners LLC acquired a new stake in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,431 shares of the company’s stock, valued at approximately $190,000. Metis Global Partners LLC owned approximately 0.06% of MasterCraft Boat at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. US Bancorp DE lifted its position in MasterCraft Boat by 64.0% in the 3rd quarter. US Bancorp DE now owns 5,123 shares of the company’s stock valued at $93,000 after acquiring an additional 2,000 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of MasterCraft Boat by 191.7% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,250 shares of the company’s stock valued at $98,000 after purchasing an additional 3,450 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of MasterCraft Boat during the third quarter valued at approximately $126,000. Squarepoint Ops LLC bought a new stake in MasterCraft Boat during the second quarter worth $190,000. Finally, Principal Financial Group Inc. bought a new stake in MasterCraft Boat during the third quarter worth $191,000. 97.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on MCFT shares. Truist Financial lifted their price objective 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. Stifel Nicolaus reaffirmed a “buy” rating and issued a $22.00 price objective on shares of MasterCraft Boat in a research report on Friday, August 30th. StockNews.com lowered shares of MasterCraft Boat from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd. B. Riley upped their target price on MasterCraft Boat from $14.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, DA Davidson increased their price target on MasterCraft Boat from $17.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, MasterCraft Boat has an average rating of “Hold” and an average price target of $21.25.

MasterCraft Boat Stock Performance

NASDAQ MCFT opened at $20.52 on Wednesday. The company has a market capitalization of $344.74 million, a PE ratio of -89.22 and a beta of 1.61. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.49 and a current ratio of 2.01. MasterCraft Boat Holdings, Inc. has a 52-week low of $16.12 and a 52-week high of $24.05. The company has a 50-day simple moving average of $18.26 and a 200 day simple moving average of $19.21.

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

About MasterCraft Boat

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.