MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Major Shareholder Buys $469,774.62 in Stock

MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) major shareholder Coliseum Capital Management, L bought 24,054 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was acquired at an average cost of $19.53 per share, with a total value of $469,774.62. Following the completion of the purchase, the insider now owns 3,289,208 shares of the company’s stock, valued at approximately $64,238,232.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own 10% or more 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, June 24th, Coliseum Capital Management, L acquired 38,462 shares of MasterCraft Boat stock. The shares were acquired at an average price of $19.58 per share, for a total transaction of $753,085.96.
• On Monday, June 17th, Coliseum Capital Management, L bought 53,856 shares of MasterCraft Boat stock. The shares were acquired at an average cost of $19.70 per share, with a total value of $1,060,963.20.
• On Thursday, June 13th, Coliseum Capital Management, L purchased 63,600 shares of MasterCraft Boat stock. The stock was bought at an average cost of $20.27 per share, for a total transaction of $1,289,172.00.
• On Monday, June 10th, Coliseum Capital Management, L acquired 18,084 shares of MasterCraft Boat stock. The shares were bought at an average price of $20.57 per share, for a total transaction of $371,987.88.
• On Thursday, June 6th, Coliseum Capital Management, L bought 98,446 shares of MasterCraft Boat stock. The shares were purchased at an average price of $20.35 per share, with a total value of $2,003,376.10.
• On Wednesday, May 22nd, Coliseum Capital Management, L purchased 175,022 shares of MasterCraft Boat stock. The stock was purchased 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 acquired 105,000 shares of MasterCraft Boat stock. The shares were purchased 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 bought 22,484 shares of MasterCraft Boat stock. The stock was purchased 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 purchased 47,500 shares of MasterCraft Boat stock. The shares were acquired at an average cost of $19.13 per share, with a total value of $908,675.00.
• On Monday, April 22nd, Coliseum Capital Management, L acquired 26,039 shares of MasterCraft Boat stock. The stock was acquired at an average cost of $21.34 per share, for a total transaction of $555,672.26.

MasterCraft Boat Trading Down 0.7 %

MasterCraft Boat stock opened at $18.94 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.54 and a current ratio of 2.02. The stock has a 50-day simple moving average of $20.46 and a 200 day simple moving average of $21.33. The stock has a market capitalization of $321.60 million, a P/E ratio of 8.53 and a beta of 1.61. MasterCraft Boat Holdings, Inc. has a 52 week low of $18.01 and a 52 week high of $31.70.

MasterCraft Boat (NASDAQ:MCFT) last posted its earnings results on Wednesday, May 8th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.09. MasterCraft Boat had a return on equity of 21.71% and a net margin of 8.26%. The business had revenue of $95.71 million for the quarter, compared to analyst estimates of $92.32 million. Analysts expect that MasterCraft Boat Holdings, Inc. will post 0.85 earnings per share for the current year.

Institutional Trading of MasterCraft Boat

Hedge funds have recently modified their holdings of the stock. Jacobs Levy Equity Management Inc. grew its stake in MasterCraft Boat by 0.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 212,562 shares of the company’s stock valued at $4,723,000 after buying an additional 617 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of MasterCraft Boat by 5.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 15,998 shares of the company’s stock valued at $380,000 after purchasing an additional 857 shares during the last quarter. Algert Global LLC increased its stake in shares of MasterCraft Boat by 6.5% during the third quarter. Algert Global LLC now owns 18,910 shares of the company’s stock worth $420,000 after purchasing an additional 1,153 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in MasterCraft Boat by 41.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,486 shares of the company’s stock worth $102,000 after purchasing an additional 1,306 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in MasterCraft Boat by 2.1% in the 4th quarter. Victory Capital Management Inc. now owns 70,296 shares of the company’s stock valued at $1,592,000 after purchasing an additional 1,441 shares during the period. Institutional investors and hedge funds own 97.64% of the company’s stock.

Analysts Set New Price Targets

MCFT has been the topic of several recent research reports. Stifel Nicolaus lowered their price target on shares of MasterCraft Boat from $27.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. B. Riley lowered their target price on MasterCraft Boat from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 16th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $24.00.

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.