Bank of New York Mellon Corp decreased its holdings in shares of Mastercraft Boat Holdings Inc (NASDAQ:MCFT) by 16.1% during the second quarter, HoldingsChannel reports. The firm owned 95,006 shares of the company’s stock after selling 18,164 shares during the period. Bank of New York Mellon Corp’s holdings in Mastercraft Boat were worth $1,810,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of MCFT. Citigroup Inc. grew its position in shares of Mastercraft Boat by 38.5% in the 1st quarter. Citigroup Inc. now owns 5,197 shares of the company’s stock worth $38,000 after buying an additional 1,444 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Mastercraft Boat by 117.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,662 shares of the company’s stock worth $41,000 after buying an additional 3,062 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Mastercraft Boat by 20.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 12,000 shares of the company’s stock worth $88,000 after buying an additional 2,050 shares during the last quarter. State of Tennessee Treasury Department grew its position in shares of Mastercraft Boat by 9.6% in the 1st quarter. State of Tennessee Treasury Department now owns 15,566 shares of the company’s stock worth $114,000 after buying an additional 1,358 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Mastercraft Boat in the 2nd quarter worth approximately $193,000. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ MCFT opened at $16.78 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.04. Mastercraft Boat Holdings Inc has a 12 month low of $4.90 and a 12 month high of $23.53. The company has a 50 day simple moving average of $20.03 and a two-hundred day simple moving average of $15.36. The stock has a market cap of $318.59 million, a price-to-earnings ratio of -13.11 and a beta of 2.37.

Mastercraft Boat (NASDAQ:MCFT) last announced its quarterly earnings data on Wednesday, September 9th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.30) by $0.20. Mastercraft Boat had a negative net margin of 6.62% and a positive return on equity of 35.97%. Analysts forecast that Mastercraft Boat Holdings Inc will post 1.81 EPS for the current year.

A number of research analysts have recently issued reports on the stock. B. Riley reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Mastercraft Boat in a research report on Tuesday, August 18th. TheStreet upgraded shares of Mastercraft Boat from a “d+” rating to a “c-” rating in a research note on Friday, August 7th. BidaskClub cut shares of Mastercraft Boat from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Robert W. Baird upgraded shares of Mastercraft Boat from a “neutral” rating to an “outperform” rating and set a $22.00 target price for the company in a research note on Tuesday, September 22nd. Finally, ValuEngine cut shares of Mastercraft Boat from a “hold” rating to a “sell” rating in a research note on Tuesday, September 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Mastercraft Boat presently has a consensus rating of “Hold” and an average price target of $21.20.

Mastercraft Boat 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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Institutional Ownership by Quarter for Mastercraft Boat (NASDAQ:MCFT)

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