Coliseum Capital Management, L Buys 60,000 Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Stock

MasterCraft Boat Holdings, Inc. (NASDAQ:MCFTGet Free Report) major shareholder Coliseum Capital Management, L acquired 60,000 shares of the stock in a transaction on Friday, April 12th. The shares were purchased at an average cost of $21.84 per share, with a total value of $1,310,400.00. Following the transaction, the insider now directly owns 2,224,284 shares of the company’s stock, valued at approximately $48,578,362.56. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Coliseum Capital Management, L also recently made the following trade(s):

  • On Wednesday, April 10th, Coliseum Capital Management, L acquired 11,308 shares of MasterCraft Boat stock. The shares were purchased at an average cost of $21.63 per share, with a total value of $244,592.04.
  • On Monday, March 18th, Coliseum Capital Management, L acquired 118,620 shares of MasterCraft Boat stock. The shares were purchased at an average cost of $21.84 per share, with a total value of $2,590,660.80.
  • On Thursday, March 14th, Coliseum Capital Management, L acquired 24,167 shares of MasterCraft Boat stock. The shares were purchased at an average cost of $20.72 per share, with a total value of $500,740.24.

MasterCraft Boat Stock Down 0.4 %

Shares of MCFT traded down $0.08 during trading hours on Friday, hitting $21.93. The company had a trading volume of 145,899 shares, compared to its average volume of 119,717. The firm has a fifty day moving average price of $22.00 and a 200-day moving average price of $21.61. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.58 and a current ratio of 2.11. The stock has a market capitalization of $373.47 million, a price-to-earnings ratio of 6.71 and a beta of 1.64. MasterCraft Boat Holdings, Inc. has a 52-week low of $19.22 and a 52-week high of $31.70.

MasterCraft Boat (NASDAQ:MCFTGet Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.17. MasterCraft Boat had a return on equity of 32.01% and a net margin of 10.66%. The firm had revenue of $99.48 million during the quarter, compared to analyst estimates of $95.53 million. During the same quarter in the previous year, the firm earned $1.16 EPS. MasterCraft Boat’s quarterly revenue was down 37.5% compared to the same quarter last year. On average, equities research analysts forecast that MasterCraft Boat Holdings, Inc. will post 1.51 EPS for the current fiscal year.

Institutional Investors Weigh In On MasterCraft Boat

Large investors have recently bought and sold shares of the business. Jupiter Asset Management Ltd. bought a new stake in MasterCraft Boat in the 3rd quarter worth about $893,000. Wellington Management Group LLP increased its holdings in MasterCraft Boat by 73.5% in the 3rd quarter. Wellington Management Group LLP now owns 530,900 shares of the company’s stock worth $11,797,000 after buying an additional 224,900 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in MasterCraft Boat by 0.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 212,562 shares of the company’s stock worth $4,723,000 after buying an additional 617 shares in the last quarter. AQR Capital Management LLC increased its holdings in MasterCraft Boat by 29.6% in the 3rd quarter. AQR Capital Management LLC now owns 412,977 shares of the company’s stock worth $9,176,000 after buying an additional 94,420 shares in the last quarter. Finally, Seizert Capital Partners LLC increased its holdings in MasterCraft Boat by 52.0% in the 3rd quarter. Seizert Capital Partners LLC now owns 182,094 shares of the company’s stock worth $4,046,000 after buying an additional 62,291 shares in the last quarter. 97.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Truist Financial raised their price objective on MasterCraft Boat from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Tuesday, January 9th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, MasterCraft Boat has an average rating of “Hold” and a consensus target price of $24.83.

Check Out Our Latest Analysis on MCFT

MasterCraft Boat Company Profile

(Get Free Report)

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.

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