Victory Capital Management Inc. decreased its stake in shares of Mastercraft Boat Holdings Inc (NASDAQ:MCFT) by 50.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,933 shares of the company’s stock after selling 7,943 shares during the quarter. Victory Capital Management Inc.’s holdings in Mastercraft Boat were worth $179,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the business. Legal & General Group Plc increased its position in shares of Mastercraft Boat by 17.1% during the 4th quarter. Legal & General Group Plc now owns 3,349 shares of the company’s stock worth $62,000 after purchasing an additional 490 shares during the last quarter. Citigroup Inc. increased its position in shares of Mastercraft Boat by 9.2% during the 4th quarter. Citigroup Inc. now owns 5,968 shares of the company’s stock worth $112,000 after purchasing an additional 502 shares during the last quarter. Brandywine Global Investment Management LLC increased its position in shares of Mastercraft Boat by 11.1% during the 4th quarter. Brandywine Global Investment Management LLC now owns 10,040 shares of the company’s stock worth $188,000 after purchasing an additional 1,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Mastercraft Boat by 106.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,017 shares of the company’s stock worth $46,000 after purchasing an additional 1,041 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC acquired a new position in shares of Mastercraft Boat during the 1st quarter worth approximately $25,000. 95.52% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have weighed in on MCFT. BidaskClub downgraded Mastercraft Boat from a “buy” rating to a “hold” rating in a research note on Saturday, March 9th. ValuEngine upgraded Mastercraft Boat from a “sell” rating to a “hold” rating in a research note on Thursday, May 9th. Finally, Zacks Investment Research upgraded Mastercraft Boat from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Wednesday, May 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Mastercraft Boat has an average rating of “Buy” and an average price target of $35.17.
Shares of NASDAQ MCFT opened at $19.59 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.79 and a quick ratio of 0.38. Mastercraft Boat Holdings Inc has a 12 month low of $17.60 and a 12 month high of $39.50. The business’s 50 day simple moving average is $21.79. The company has a market cap of $378.04 million, a P/E ratio of 9.65, a P/E/G ratio of 0.74 and a beta of 1.80.
Mastercraft Boat (NASDAQ:MCFT) last issued its earnings results on Thursday, May 9th. The company reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.13. The company had revenue of $128.40 million during the quarter, compared to the consensus estimate of $122.72 million. Mastercraft Boat had a return on equity of 73.69% and a net margin of 10.15%. The firm’s revenue for the quarter was up 36.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.56 EPS. On average, equities analysts predict that Mastercraft Boat Holdings Inc will post 2.73 EPS for the current fiscal year.
About Mastercraft Boat
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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