Fund L.P. Forager Acquires 4,658 Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Stock

MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) major shareholder Fund L.P. Forager purchased 4,658 shares of MasterCraft Boat stock in a transaction on Tuesday, April 15th. The stock was bought at an average price of $15.09 per share, for a total transaction of $70,289.22. Following the transaction, the insider now directly owns 1,702,353 shares in the company, valued at approximately $25,688,506.77. The trade was a 0.27 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Fund L.P. Forager also recently made the following trade(s):

• On Thursday, April 17th, Fund L.P. Forager bought 11,172 shares of MasterCraft Boat stock. The shares were acquired at an average cost of $15.82 per share, with a total value of $176,741.04.

MasterCraft Boat Trading Up 3.7 %

Shares of MasterCraft Boat stock opened at $16.00 on Friday. The stock has a fifty day simple moving average of $17.20 and a 200 day simple moving average of $18.37. MasterCraft Boat Holdings, Inc. has a 12-month low of $14.39 and a 12-month high of $23.00. The company has a market capitalization of $268.05 million, a P/E ratio of -40.00 and a beta of 1.34.

MasterCraft Boat (NASDAQ:MCFT) last announced its earnings results on Thursday, February 6th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.01 by $0.04. MasterCraft Boat had a negative net margin of 2.29% and a positive return on equity of 3.74%. On average, analysts predict that MasterCraft Boat Holdings, Inc. will post 0.62 EPS for the current year.

Wall Street Analyst Weigh In

MCFT has been the topic of several research analyst reports. Truist Financial cut their target price on shares of MasterCraft Boat from $22.00 to $16.00 and set a “hold” rating on the stock in a research note on Monday, April 14th. DA Davidson reduced their target price on MasterCraft Boat from $23.00 to $22.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. Baird R W downgraded MasterCraft Boat from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. StockNews.com raised MasterCraft Boat from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, B. Riley upgraded MasterCraft Boat to a “hold” rating in a report on Wednesday, February 12th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $19.60.

Hedge Funds Weigh In On MasterCraft Boat

A number of hedge funds and other institutional investors have recently modified their holdings of the business. State of Wyoming bought a new stake in MasterCraft Boat during the fourth quarter worth $108,000. Tower Research Capital LLC TRC raised its stake in shares of MasterCraft Boat by 260.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,210 shares of the company’s stock worth $118,000 after purchasing an additional 4,487 shares during the period. SG Americas Securities LLC boosted its holdings in shares of MasterCraft Boat by 10.7% in the 4th quarter. SG Americas Securities LLC now owns 7,673 shares of the company’s stock worth $146,000 after buying an additional 742 shares during the last quarter. GAMMA Investing LLC grew its position in MasterCraft Boat by 6,422.7% during the first quarter. GAMMA Investing LLC now owns 8,610 shares of the company’s stock valued at $148,000 after buying an additional 8,478 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in MasterCraft Boat by 7.5% during the fourth quarter. JPMorgan Chase & Co. now owns 7,837 shares of the company’s stock worth $149,000 after buying an additional 544 shares during the last quarter. Hedge funds and other institutional investors 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.