MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Major Shareholder Acquires $1,060,963.20 in Stock

MasterCraft Boat Holdings, Inc. (NASDAQ:MCFTGet Free Report) major shareholder Coliseum Capital Management, L acquired 53,856 shares of the stock in a transaction on Monday, June 17th. The shares were acquired at an average price of $19.70 per share, for a total transaction of $1,060,963.20. Following the acquisition, the insider now owns 3,265,154 shares of the company’s stock, valued at approximately $64,323,533.80. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 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 Thursday, June 13th, Coliseum Capital Management, L bought 63,600 shares of MasterCraft Boat stock. The shares were acquired at an average cost of $20.27 per share, with a total value of $1,289,172.00.
  • On Monday, June 10th, Coliseum Capital Management, L purchased 18,084 shares of MasterCraft Boat stock. The stock was acquired at an average cost of $20.57 per share, for a total transaction of $371,987.88.
  • On Thursday, June 6th, Coliseum Capital Management, L acquired 98,446 shares of MasterCraft Boat stock. The shares were bought at an average cost of $20.35 per share, with a total value of $2,003,376.10.
  • On Wednesday, May 22nd, Coliseum Capital Management, L bought 175,022 shares of MasterCraft Boat stock. The stock was bought at an average price of $20.98 per share, for a total transaction of $3,671,961.56.
  • On Monday, May 20th, Coliseum Capital Management, L purchased 105,000 shares of MasterCraft Boat stock. The shares were bought at an average price of $20.75 per share, with a total value of $2,178,750.00.
  • On Friday, May 10th, Coliseum Capital Management, L acquired 22,484 shares of MasterCraft Boat stock. The shares were bought at an average price of $20.36 per share, for a total transaction of $457,774.24.
  • On Wednesday, May 8th, Coliseum Capital Management, L bought 47,500 shares of MasterCraft Boat stock. The stock was purchased at an average price of $19.13 per share, with a total value of $908,675.00.
  • On Monday, April 22nd, Coliseum Capital Management, L purchased 26,039 shares of MasterCraft Boat stock. The shares were purchased at an average cost of $21.34 per share, for a total transaction of $555,672.26.
  • On Thursday, April 18th, Coliseum Capital Management, L acquired 107,083 shares of MasterCraft Boat stock. The stock was purchased at an average cost of $20.81 per share, with a total value of $2,228,397.23.
  • On Friday, April 12th, Coliseum Capital Management, L bought 60,000 shares of MasterCraft Boat stock. The shares were purchased at an average cost of $21.84 per share, for a total transaction of $1,310,400.00.

MasterCraft Boat Stock Performance

Shares of MCFT opened at $19.34 on Thursday. MasterCraft Boat Holdings, Inc. has a 1 year low of $18.01 and a 1 year high of $31.70. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.02 and a quick ratio of 1.54. The stock’s fifty day moving average price is $20.67 and its two-hundred day moving average price is $21.38. The firm has a market cap of $328.39 million, a PE ratio of 8.71 and a beta of 1.61.

MasterCraft Boat (NASDAQ:MCFTGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.09. The company had revenue of $95.71 million during the quarter, compared to analyst estimates of $92.32 million. MasterCraft Boat had a return on equity of 21.71% and a net margin of 8.26%. On average, equities research analysts forecast that MasterCraft Boat Holdings, Inc. will post 0.85 EPS for the current year.

Institutional Trading of MasterCraft Boat

A number of institutional investors have recently modified their holdings of MCFT. New York State Common Retirement Fund raised its holdings in MasterCraft Boat by 51.5% during the 3rd quarter. New York State Common Retirement Fund now owns 9,604 shares of the company’s stock valued at $213,000 after acquiring an additional 3,265 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of MasterCraft Boat by 27.1% in the third quarter. Janney Montgomery Scott LLC now owns 18,516 shares of the company’s stock worth $411,000 after acquiring an additional 3,944 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of MasterCraft Boat in the third quarter valued at $86,000. WINTON GROUP Ltd raised its stake in shares of MasterCraft Boat by 90.4% during the 3rd quarter. WINTON GROUP Ltd now owns 18,044 shares of the company’s stock valued at $401,000 after purchasing an additional 8,567 shares during the period. Finally, Brandywine Global Investment Management LLC lifted its holdings in MasterCraft Boat by 10.0% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 52,107 shares of the company’s stock worth $1,158,000 after purchasing an additional 4,729 shares in the last quarter. 97.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MCFT. B. Riley decreased their price target on MasterCraft Boat from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday, April 16th. Stifel Nicolaus decreased their target price on MasterCraft Boat from $27.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, MasterCraft Boat currently has an average rating of “Hold” and an average price target of $24.00.

Read Our Latest Stock Analysis on MCFT

MasterCraft Boat Company Profile

(Get Free Report)

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.

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