Mastercraft Boat (NASDAQ:MCFT) Major Shareholder Coliseum Capital Management, L Acquires 25,000 Shares

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) major shareholder Coliseum Capital Management, L bought 25,000 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The shares were acquired at an average price of $19.66 per share, with a total value of $491,500.00. Following the completion of the transaction, the insider directly owned 3,697,422 shares of the company’s stock, valued at $72,691,316.52. This trade represents a 0.68% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Friday, December 19th, Coliseum Capital Management, L purchased 76,000 shares of Mastercraft Boat stock. The shares were bought at an average cost of $19.79 per share, for a total transaction of $1,504,040.00.
• On Thursday, December 18th, Coliseum Capital Management, L acquired 33,807 shares of Mastercraft Boat stock. The stock was bought at an average cost of $19.34 per share, with a total value of $653,827.38.

Mastercraft Boat Stock Performance

Mastercraft Boat stock traded down $0.17 during midday trading on Monday, hitting $19.53. 133,571 shares of the company were exchanged, compared to its average volume of 130,531. The business has a fifty day simple moving average of $19.57 and a two-hundred day simple moving average of $20.10. The firm has a market capitalization of $318.14 million, a PE ratio of 20.13 and a beta of 1.09. Mastercraft Boat Holdings, Inc. has a fifty-two week low of $14.39 and a fifty-two week high of $23.93.

Mastercraft Boat (NASDAQ:MCFT) last posted its earnings results on Thursday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.12. The firm had revenue of $69.00 million during the quarter, compared to analysts’ expectations of $66.96 million. Mastercraft Boat had a net margin of 5.50% and a return on equity of 8.09%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.12 EPS. Mastercraft Boat has set its FY 2026 guidance at 1.180-1.430 EPS and its Q2 2026 guidance at 0.160-0.160 EPS. As a group, equities analysts expect that Mastercraft Boat Holdings, Inc. will post 0.62 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. New York State Teachers Retirement System acquired a new stake in shares of Mastercraft Boat during the third quarter valued at about $32,000. State of Wyoming acquired a new stake in Mastercraft Boat in the 2nd quarter valued at approximately $61,000. Manning & Napier Advisors LLC purchased a new stake in Mastercraft Boat in the third quarter valued at approximately $74,000. Russell Investments Group Ltd. lifted its stake in Mastercraft Boat by 16.6% during the third quarter. Russell Investments Group Ltd. now owns 9,795 shares of the company’s stock worth $210,000 after purchasing an additional 1,394 shares in the last quarter. Finally, Strs Ohio purchased a new position in shares of Mastercraft Boat during the third quarter worth $234,000. Hedge funds and other institutional investors own 97.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on MCFT shares. Robert W. Baird boosted their target price on shares of Mastercraft Boat from $20.00 to $24.00 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. Wall Street Zen raised Mastercraft Boat from a “buy” rating to a “strong-buy” rating in a report on Sunday. Truist Financial set a $21.00 price target on Mastercraft Boat in a research note on Friday, October 24th. Zacks Research downgraded Mastercraft Boat from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mastercraft Boat in a research note on Monday, December 15th. One investment analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, Mastercraft Boat has a consensus rating of “Hold” and a consensus target price of $22.67.

About Mastercraft Boat

MasterCraft Boat Holdings, Inc (NASDAQ: MCFT) is a designer, manufacturer and marketer of high-performance recreational powerboats. The company’s portfolio includes the MasterCraft®, Aviara®, Crest® Classic and Supra® brands, each of which features multiple model lines tailored for activities such as wakeboarding, waterskiing, cruising and luxury day boating. MasterCraft oversees the full product lifecycle from hull design and propulsion engineering to interior appointments and final assembly.

Founded in 1968 and headquartered in Vonore, Tennessee, MasterCraft has built a reputation for innovation in hull design, ballast systems and tower architecture to enhance wake performance and ride quality.