Coliseum Capital Management, L Buys 55,000 Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Stock

MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) major shareholder Coliseum Capital Management, L bought 55,000 shares of the stock in a transaction dated Monday, December 30th. The stock was purchased at an average cost of $18.83 per share, for a total transaction of $1,035,650.00. Following the acquisition, the insider now owns 3,562,615 shares of the company’s stock, valued at approximately $67,084,040.45. This represents a 1.57 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Thursday, December 26th, Coliseum Capital Management, L bought 53,853 shares of MasterCraft Boat stock. The stock was purchased at an average cost of $18.87 per share, for a total transaction of $1,016,206.11.

MasterCraft Boat Stock Performance

Shares of MCFT opened at $19.07 on Thursday. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.28. The stock has a market cap of $320.30 million, a P/E ratio of -82.91 and a beta of 1.64. The company has a 50-day moving average of $19.78 and a two-hundred day moving average of $19.08. MasterCraft Boat Holdings, Inc. has a 12-month low of $16.12 and a 12-month high of $24.05.

MasterCraft Boat (NASDAQ:MCFT) last announced its earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. The company had revenue of $65.40 million during the quarter, compared to analysts’ expectations of $61.19 million. MasterCraft Boat had a negative net margin of 1.08% and a positive return on equity of 6.55%. The firm’s quarterly revenue was down 37.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 earnings per share. As a group, research analysts predict that MasterCraft Boat Holdings, Inc. will post 0.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MCFT has been the topic of several analyst reports. B. Riley lifted their target price on shares of MasterCraft Boat from $14.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. StockNews.com raised shares of MasterCraft Boat from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. DA Davidson boosted their price objective on shares of MasterCraft Boat from $17.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, Truist Financial boosted their price objective on shares of MasterCraft Boat from $15.00 to $22.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $21.25.

Hedge Funds Weigh In On MasterCraft Boat

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MCFT. Rhumbline Advisers raised its position in MasterCraft Boat by 18.1% during the second quarter. Rhumbline Advisers now owns 27,994 shares of the company’s stock worth $529,000 after acquiring an additional 4,298 shares during the last quarter. Isthmus Partners LLC raised its position in shares of MasterCraft Boat by 0.4% in the second quarter. Isthmus Partners LLC now owns 146,706 shares of the company’s stock valued at $28,000 after buying an additional 532 shares during the last quarter. Koss Olinger Consulting LLC acquired a new position in shares of MasterCraft Boat in the second quarter valued at approximately $417,000. American Century Companies Inc. raised its position in shares of MasterCraft Boat by 14.8% in the second quarter. American Century Companies Inc. now owns 395,570 shares of the company’s stock valued at $7,468,000 after buying an additional 51,016 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of MasterCraft Boat by 13.1% in the second quarter. Dimensional Fund Advisors LP now owns 714,208 shares of the company’s stock valued at $13,484,000 after buying an additional 82,509 shares during the last quarter. Institutional investors and hedge funds own 97.64% 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.