Victory Capital Management Inc. Purchases 1,430 Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Victory Capital Management Inc. lifted its position in shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) by 2.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 73,112 shares of the company’s stock after acquiring an additional 1,430 shares during the quarter. Victory Capital Management Inc.’s holdings in MasterCraft Boat were worth $1,394,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in MCFT. Forager Capital Management LLC grew its stake in shares of MasterCraft Boat by 29.9% during the 3rd quarter. Forager Capital Management LLC now owns 1,697,695 shares of the company’s stock worth $30,915,000 after acquiring an additional 390,405 shares during the period. Systematic Financial Management LP grew its stake in shares of MasterCraft Boat by 6.8% during the 3rd quarter. Systematic Financial Management LP now owns 1,028,585 shares of the company’s stock worth $18,731,000 after acquiring an additional 65,412 shares during the period. Principal Financial Group Inc. bought a new position in shares of MasterCraft Boat during the 3rd quarter worth $191,000. Metis Global Partners LLC bought a new position in shares of MasterCraft Boat during the 3rd quarter worth $190,000. Finally, Quest Partners LLC purchased a new stake in MasterCraft Boat during the 3rd quarter worth about $150,000. Institutional investors own 97.64% of the company’s stock.

MasterCraft Boat Stock Down 0.1 %

NASDAQ:MCFT opened at $17.48 on Wednesday. The business’s 50-day moving average price is $18.27 and its two-hundred day moving average price is $18.62. MasterCraft Boat Holdings, Inc. has a twelve month low of $16.12 and a twelve month high of $24.05. The stock has a market cap of $292.84 million, a P/E ratio of -43.70 and a beta of 1.71.

MasterCraft Boat (NASDAQ:MCFT) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.04. MasterCraft Boat had a positive return on equity of 3.74% and a negative net margin of 2.29%. On average, equities research analysts expect that MasterCraft Boat Holdings, Inc. will post 0.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Truist Financial dropped their price objective on MasterCraft Boat from $22.00 to $20.00 and set a “hold” rating on the stock in a report on Tuesday, January 7th. B. Riley raised MasterCraft Boat to a “hold” rating in a report on Wednesday, February 12th. DA Davidson dropped their price objective on MasterCraft Boat from $23.00 to $22.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. Finally, StockNews.com raised MasterCraft Boat from a “sell” rating to a “hold” rating in a report on Saturday. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $20.50.

Insider Buying and Selling at MasterCraft Boat

In other news, major shareholder Coliseum Capital Management, L acquired 55,000 shares of MasterCraft Boat stock in a transaction dated Monday, December 30th. The shares were purchased at an average cost of $18.83 per share, for a total transaction of $1,035,650.00. Following the transaction, the insider now owns 3,562,615 shares of the company’s stock, valued at $67,084,040.45. This trade represents a 1.57 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 4.00% of the company’s stock.

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.