MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Major Shareholder Coliseum Capital Management, L Purchases 53,853 Shares

MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) major shareholder Coliseum Capital Management, L purchased 53,853 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were bought at an average price of $18.87 per share, for a total transaction of $1,016,206.11. Following the purchase, the insider now directly owns 3,426,523 shares in the company, valued at $64,658,489.01. This represents a 1.60 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Monday, December 30th, Coliseum Capital Management, L purchased 55,000 shares of MasterCraft Boat stock. The shares were purchased at an average price of $18.83 per share, for a total transaction of $1,035,650.00.

MasterCraft Boat Price Performance

Shares of MasterCraft Boat stock traded up $0.24 on Monday, hitting $18.96. The company’s stock had a trading volume of 126,213 shares, compared to its average volume of 150,886. The company has a market capitalization of $318.45 million, a price-to-earnings ratio of -82.43 and a beta of 1.64. The firm has a fifty day moving average price of $19.64 and a 200-day moving average price of $19.09. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.49 and a current ratio of 2.01. MasterCraft Boat Holdings, Inc. has a 1 year low of $16.12 and a 1 year high of $24.05.

MasterCraft Boat (NASDAQ:MCFT) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.09. The firm had revenue of $65.40 million for 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 revenue for the quarter was down 37.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 EPS. As a group, sell-side analysts anticipate that MasterCraft Boat Holdings, Inc. will post 0.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Isthmus Partners LLC increased its stake in MasterCraft Boat by 0.4% during the 2nd quarter. Isthmus Partners LLC now owns 146,706 shares of the company’s stock worth $28,000 after buying an additional 532 shares in the last quarter. Koss Olinger Consulting LLC boosted its stake in shares of MasterCraft Boat by 6.0% in the third quarter. Koss Olinger Consulting LLC now owns 23,431 shares of the company’s stock worth $427,000 after acquiring an additional 1,320 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of MasterCraft Boat by 0.7% during the second quarter. Renaissance Technologies LLC now owns 214,400 shares of the company’s stock worth $4,048,000 after purchasing an additional 1,400 shares in the last quarter. US Bancorp DE raised its stake in MasterCraft Boat by 64.0% in the 3rd quarter. US Bancorp DE now owns 5,123 shares of the company’s stock valued at $93,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in MasterCraft Boat by 25.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 12,854 shares of the company’s stock valued at $234,000 after purchasing an additional 2,620 shares in the last quarter. Institutional investors and hedge funds own 97.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MCFT. Truist Financial upped their target price on MasterCraft Boat from $15.00 to $22.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. StockNews.com upgraded shares of MasterCraft Boat from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. DA Davidson lifted their price objective on MasterCraft Boat from $17.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, B. Riley upped their target price on MasterCraft Boat from $14.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, MasterCraft Boat has a consensus rating of “Hold” and an average price target of $21.25.

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.