Victory Capital Management Inc. Boosts Stock Holdings in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Victory Capital Management Inc. grew its position in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) by 5.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 71,682 shares of the company’s stock after purchasing an additional 3,568 shares during the period. Victory Capital Management Inc.’s holdings in MasterCraft Boat were worth $1,305,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in MCFT. Dimensional Fund Advisors LP grew its position in MasterCraft Boat by 13.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 714,208 shares of the company’s stock worth $13,484,000 after purchasing an additional 82,509 shares in the last quarter. Comerica Bank lifted its position in shares of MasterCraft Boat by 27,130.8% during the 1st quarter. Comerica Bank now owns 56,640 shares of the company’s stock worth $1,343,000 after buying an additional 56,432 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of MasterCraft Boat by 14.8% in the 2nd quarter. American Century Companies Inc. now owns 395,570 shares of the company’s stock worth $7,468,000 after buying an additional 51,016 shares during the last quarter. Systematic Financial Management LP grew its holdings in shares of MasterCraft Boat by 2.8% in the second quarter. Systematic Financial Management LP now owns 963,173 shares of the company’s stock valued at $18,185,000 after acquiring an additional 26,077 shares in the last quarter. Finally, Koss Olinger Consulting LLC purchased a new stake in shares of MasterCraft Boat during the second quarter valued at approximately $417,000. 97.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

MasterCraft Boat Price Performance

Shares of NASDAQ:MCFT opened at $20.97 on Wednesday. The firm has a market capitalization of $352.21 million, a PE ratio of -91.78 and a beta of 1.61. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average price of $18.55 and a two-hundred day moving average price of $19.24. MasterCraft Boat Holdings, Inc. has a twelve month low of $16.12 and a twelve month high of $24.05.

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

MasterCraft Boat 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.