SG Americas Securities LLC Purchases New Holdings in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

SG Americas Securities LLC purchased a new stake in shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 6,931 shares of the company’s stock, valued at approximately $126,000.

Several other hedge funds also recently added to or reduced their stakes in MCFT. Isthmus Partners LLC grew its holdings in MasterCraft Boat by 0.4% during the 2nd quarter. Isthmus Partners LLC now owns 146,706 shares of the company’s stock valued at $28,000 after purchasing an additional 532 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in MasterCraft Boat during the 1st quarter valued at about $43,000. Squarepoint Ops LLC bought a new position in MasterCraft Boat during the 2nd quarter valued at about $190,000. Janus Henderson Group PLC grew its holdings in MasterCraft Boat by 40.5% during the 1st quarter. Janus Henderson Group PLC now owns 13,047 shares of the company’s stock valued at $310,000 after purchasing an additional 3,762 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in MasterCraft Boat by 5.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,998 shares of the company’s stock valued at $380,000 after purchasing an additional 857 shares during the last quarter. 97.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MCFT has been the topic of a number of research analyst reports. B. Riley dropped their target price on shares of MasterCraft Boat from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. StockNews.com downgraded shares of MasterCraft Boat from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd. DA Davidson dropped their target price on shares of MasterCraft Boat from $20.00 to $17.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 10th. Truist Financial restated a “hold” rating and issued a $15.00 target price on shares of MasterCraft Boat in a research note on Friday, August 30th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $22.00 target price on shares of MasterCraft Boat in a research note on Friday, August 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $19.20.

MasterCraft Boat Price Performance

Shares of MCFT opened at $16.72 on Friday. The company has a 50 day moving average price of $17.93 and a 200-day moving average price of $19.37. MasterCraft Boat Holdings, Inc. has a fifty-two week low of $16.12 and a fifty-two week high of $24.05. The stock has a market capitalization of $277.72 million, a PE ratio of 38.00 and a beta of 1.61. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.42 and a current ratio of 1.99.

MasterCraft Boat (NASDAQ:MCFT) last announced its quarterly earnings results on Thursday, August 29th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.18. MasterCraft Boat had a net margin of 2.13% and a return on equity of 9.44%. The firm had revenue of $67.20 million during the quarter, compared to analysts’ expectations of $63.10 million. During the same quarter in the prior year, the company earned $1.33 EPS. The company’s revenue was down 59.7% compared to the same quarter last year. Equities analysts predict that MasterCraft Boat Holdings, Inc. will post 0.49 earnings per share for the current fiscal year.

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.