MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Major Shareholder Coliseum Capital Management, L Purchases 11,308 Shares

MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) major shareholder Coliseum Capital Management, L acquired 11,308 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The stock was purchased at an average price of $21.63 per share, for a total transaction of $244,592.04. Following the purchase, the insider now owns 2,162,984 shares of the company’s stock, valued at approximately $46,785,343.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Friday, April 12th, Coliseum Capital Management, L acquired 60,000 shares of MasterCraft Boat stock. The stock was purchased at an average price of $21.84 per share, for a total transaction of $1,310,400.00.
• On Monday, March 18th, Coliseum Capital Management, L bought 118,620 shares of MasterCraft Boat stock. The shares were acquired at an average cost of $21.84 per share, for a total transaction of $2,590,660.80.
• On Thursday, March 14th, Coliseum Capital Management, L bought 24,167 shares of MasterCraft Boat stock. The shares were acquired at an average cost of $20.72 per share, for a total transaction of $500,740.24.

MasterCraft Boat Stock Down 0.4 %

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

MasterCraft Boat (NASDAQ:MCFT) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.20 by $0.17. MasterCraft Boat had a net margin of 10.66% and a return on equity of 32.01%. The business had revenue of $99.48 million during the quarter, compared to analyst estimates of $95.53 million. During the same period last year, the business posted $1.16 earnings per share. MasterCraft Boat’s quarterly revenue was down 37.5% compared to the same quarter last year. As a group, equities analysts expect that MasterCraft Boat Holdings, Inc. will post 1.51 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Truist Financial upped their price target on shares of MasterCraft Boat from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Tuesday, January 9th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, MasterCraft Boat has an average rating of “Hold” and an average target price of $24.83.

Institutional Investors Weigh In On MasterCraft Boat

Hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its holdings in shares of MasterCraft Boat by 73.5% during the third quarter. Wellington Management Group LLP now owns 530,900 shares of the company’s stock valued at $11,797,000 after purchasing an additional 224,900 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of MasterCraft Boat by 16.8% during the first quarter. BlackRock Inc. now owns 1,418,134 shares of the company’s stock valued at $43,154,000 after purchasing an additional 203,490 shares in the last quarter. Divisar Capital Management LLC lifted its holdings in shares of MasterCraft Boat by 12.0% during the first quarter. Divisar Capital Management LLC now owns 1,213,023 shares of the company’s stock valued at $29,852,000 after purchasing an additional 130,333 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in shares of MasterCraft Boat by 352.7% during the first quarter. Two Sigma Advisers LP now owns 153,000 shares of the company’s stock valued at $4,656,000 after purchasing an additional 119,200 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of MasterCraft Boat by 191.7% during the first quarter. Renaissance Technologies LLC now owns 179,100 shares of the company’s stock valued at $5,450,000 after purchasing an additional 117,700 shares in the last quarter. 97.64% of the stock is owned by institutional investors.

MasterCraft Boat Company 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.