Exchange Traded Concepts LLC Has $299,000 Stake in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Exchange Traded Concepts LLC trimmed its position in shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) by 7.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,661 shares of the company’s stock after selling 1,178 shares during the period. Exchange Traded Concepts LLC owned approximately 0.09% of MasterCraft Boat worth $299,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in MCFT. SG Americas Securities LLC lifted its position in MasterCraft Boat by 10.7% in the fourth quarter. SG Americas Securities LLC now owns 7,673 shares of the company’s stock worth $146,000 after purchasing an additional 742 shares during the period. Principal Financial Group Inc. acquired a new position in MasterCraft Boat during the 3rd quarter worth about $191,000. Forager Capital Management LLC lifted its position in shares of MasterCraft Boat by 29.9% during the third quarter. Forager Capital Management LLC now owns 1,697,695 shares of the company’s stock worth $30,915,000 after purchasing an additional 390,405 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of MasterCraft Boat by 25.6% during the third quarter. Public Employees Retirement System of Ohio now owns 12,854 shares of the company’s stock valued at $234,000 after purchasing an additional 2,620 shares during the last quarter. Finally, Systematic Financial Management LP increased its stake in shares of MasterCraft Boat by 6.8% in the 3rd quarter. Systematic Financial Management LP now owns 1,028,585 shares of the company’s stock valued at $18,731,000 after buying an additional 65,412 shares during the period. 97.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on MCFT shares. Truist Financial lowered their target price on shares of MasterCraft Boat from $22.00 to $20.00 and set a “hold” rating for the company in a report on Tuesday, January 7th. StockNews.com lowered MasterCraft Boat from a “hold” rating to a “sell” rating in a research report on Monday, January 27th. 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. Finally, B. Riley boosted their price target on MasterCraft Boat from $14.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, MasterCraft Boat has an average rating of “Hold” and an average target price of $20.75.

MasterCraft Boat Stock Down 2.4 %

MCFT opened at $18.21 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.49 and a current ratio of 2.01. The stock has a fifty day moving average of $19.25 and a 200-day moving average of $19.04. MasterCraft Boat Holdings, Inc. has a fifty-two week low of $16.12 and a fifty-two week high of $24.05. The company has a market capitalization of $305.93 million, a P/E ratio of -79.17 and a beta of 1.67.

MasterCraft Boat (NASDAQ:MCFT) last released its earnings results on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $65.40 million for the quarter, compared to analyst estimates of $61.19 million. During the same period last year, the firm earned $0.43 EPS. The business’s quarterly revenue was down 37.2% compared to the same quarter last year. On average, equities analysts expect that MasterCraft Boat Holdings, Inc. will post 0.61 EPS for the current year.

Insider Buying and Selling at MasterCraft Boat

In other MasterCraft Boat news, major shareholder Coliseum Capital Management, L purchased 53,853 shares of the company’s stock in a transaction dated Thursday, December 26th. The stock was purchased at an average price of $18.87 per share, with a total value of $1,016,206.11. Following the completion of the purchase, the insider now owns 3,426,523 shares of the company’s stock, valued at approximately $64,658,489.01. The trade was a 1.60 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 4.00% of the company’s stock.

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.