Mastercraft Boat Holdings Inc (NASDAQ:MCFT) CFO Timothy M. Oxley acquired 1,200 shares of Mastercraft Boat stock in a transaction that occurred on Monday, September 14th. The shares were bought at an average price of $16.95 per share, for a total transaction of $20,340.00. Following the transaction, the chief financial officer now owns 95,031 shares of the company’s stock, valued at approximately $1,610,775.45. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
NASDAQ MCFT opened at $17.44 on Wednesday. Mastercraft Boat Holdings Inc has a 52 week low of $4.90 and a 52 week high of $23.53. The company has a quick ratio of 0.94, a current ratio of 1.50 and a debt-to-equity ratio of 2.53. The business’s fifty day simple moving average is $20.92 and its 200-day simple moving average is $15.30. The firm has a market cap of $329.13 million, a PE ratio of -13.62 and a beta of 2.37.
Mastercraft Boat (NASDAQ:MCFT) last issued its quarterly earnings data on Wednesday, September 9th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.20. Mastercraft Boat had a positive return on equity of 32.96% and a negative net margin of 6.62%. Research analysts expect that Mastercraft Boat Holdings Inc will post 1.58 EPS for the current year.
MCFT has been the subject of several analyst reports. B. Riley restated a “buy” rating and issued a $25.00 target price on shares of Mastercraft Boat in a report on Tuesday, August 18th. Raymond James lifted their price target on Mastercraft Boat from $18.00 to $22.00 and gave the stock an “outperform” rating in a report on Tuesday, July 21st. Zacks Investment Research lowered Mastercraft Boat from a “buy” rating to a “hold” rating in a report on Saturday, September 5th. BidaskClub lowered Mastercraft Boat from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Finally, TheStreet upgraded Mastercraft Boat from a “d+” rating to a “c-” rating in a report on Friday, August 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $18.80.
Several large investors have recently modified their holdings of the stock. Neuberger Berman Group LLC increased its position in shares of Mastercraft Boat by 44.4% during the 2nd quarter. Neuberger Berman Group LLC now owns 102,025 shares of the company’s stock worth $1,944,000 after purchasing an additional 31,380 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Mastercraft Boat by 10.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 48,231 shares of the company’s stock worth $919,000 after purchasing an additional 4,373 shares during the last quarter. Intrinsic Edge Capital Management LLC acquired a new stake in shares of Mastercraft Boat during the 2nd quarter worth about $4,887,000. AWM Investment Company Inc. acquired a new stake in shares of Mastercraft Boat during the 2nd quarter worth about $2,381,000. Finally, First Republic Investment Management Inc. increased its position in shares of Mastercraft Boat by 114.5% during the 2nd quarter. First Republic Investment Management Inc. now owns 36,333 shares of the company’s stock worth $692,000 after purchasing an additional 19,396 shares during the last quarter. 84.58% of the stock is owned by hedge funds and other institutional investors.
Mastercraft Boat Company 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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