De Lisle Partners LLP Buys New Position in Mastercraft Boat Holdings, Inc. $MCFT

De Lisle Partners LLP bought a new stake in shares of Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 215,971 shares of the company’s stock, valued at approximately $5,573,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new stake in shares of Mastercraft Boat in the 2nd quarter valued at $79,000. BlackRock Inc. acquired a new position in shares of Mastercraft Boat in the 2nd quarter valued at about $36,896,000. Deutsche Bank AG bought a new stake in shares of Mastercraft Boat during the 2nd quarter valued at about $465,000. Bank of New York Mellon Corp acquired a new stake in Mastercraft Boat during the second quarter worth approximately $1,970,000. Finally, State of Wyoming bought a new stake in Mastercraft Boat in the second quarter worth approximately $239,000. Institutional investors own 97.64% of the company’s stock.

Mastercraft Boat Price Performance

Shares of MCFT opened at $25.46 on Friday. Mastercraft Boat Holdings, Inc. has a one year low of $17.19 and a one year high of $28.44. The company has a market cap of $414.49 million, a PE ratio of 37.44 and a beta of 1.06. The stock has a 50-day moving average of $24.43 and a 200-day moving average of $23.18.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MCFT. Truist Financial boosted their price target on Mastercraft Boat from $25.00 to $28.00 and gave the company a “hold” rating in a research note on Monday, July 6th. Zacks Research lowered shares of Mastercraft Boat from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. Robert W. Baird set a $30.00 target price on shares of Mastercraft Boat in a research report on Friday, May 8th. Finally, Weiss Ratings raised shares of Mastercraft Boat from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $25.40.

Mastercraft Boat Profile

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.