Other equities analysts have also issued research reports about the stock. Stifel Nicolaus lowered their price objective on shares of MasterCraft Boat from $31.00 to $29.00 in a research report on Thursday, October 20th. Raymond James increased their price objective on shares of MasterCraft Boat from $29.00 to $31.00 and gave the company an outperform rating in a research report on Thursday, November 10th. B. Riley lowered their price objective on shares of MasterCraft Boat from $37.00 to $31.00 and set a buy rating for the company in a research report on Tuesday, October 25th. Finally, Robert W. Baird reduced their target price on shares of MasterCraft Boat from $32.00 to $30.00 in a research note on Friday, September 9th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Buy and an average price target of $29.40.
MasterCraft Boat Price Performance
Shares of NASDAQ:MCFT opened at $25.02 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.85 and a current ratio of 1.73. The firm has a fifty day moving average price of $21.68 and a 200 day moving average price of $22.68. MasterCraft Boat has a fifty-two week low of $18.49 and a fifty-two week high of $29.69. The firm has a market cap of $445.36 million, a price-to-earnings ratio of 8.94 and a beta of 1.81.
Institutional Investors Weigh In On MasterCraft Boat
Several hedge funds and other institutional investors have recently made changes to their positions in MCFT. Group One Trading L.P. raised its stake in shares of MasterCraft Boat by 55.9% in the first quarter. Group One Trading L.P. now owns 1,394 shares of the company’s stock valued at $34,000 after acquiring an additional 500 shares during the period. UBS Group AG increased its stake in MasterCraft Boat by 932.3% in the 3rd quarter. UBS Group AG now owns 2,302 shares of the company’s stock worth $43,000 after buying an additional 2,079 shares during the period. Allspring Global Investments Holdings LLC increased its stake in MasterCraft Boat by 25.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,959 shares of the company’s stock worth $74,000 after buying an additional 794 shares during the period. Amalgamated Bank purchased a new position in MasterCraft Boat in the 1st quarter worth about $75,000. Finally, Lazard Asset Management LLC increased its stake in MasterCraft Boat by 88.5% in the 1st quarter. Lazard Asset Management LLC now owns 3,408 shares of the company’s stock worth $83,000 after buying an additional 1,600 shares during the period. Hedge funds and other institutional investors own 89.33% of the company’s stock.
About MasterCraft Boat
MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates through four segments: MasterCraft, Crest, NauticStar, and Aviara. The MasterCraft segment produces recreational performance sport boats, which are used for water skiing, wakeboarding, and wake surfing, as well as general recreational boating.
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