Koss Olinger Consulting LLC Cuts Holdings in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Koss Olinger Consulting LLC trimmed its holdings in shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) by 5.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,156 shares of the company’s stock after selling 1,275 shares during the quarter. Koss Olinger Consulting LLC owned approximately 0.13% of MasterCraft Boat worth $423,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC increased its holdings in MasterCraft Boat by 10.7% during the fourth quarter. SG Americas Securities LLC now owns 7,673 shares of the company’s stock valued at $146,000 after buying an additional 742 shares during the period. Quest Partners LLC acquired a new stake in MasterCraft Boat in the third quarter valued at approximately $150,000. Metis Global Partners LLC acquired a new stake in MasterCraft Boat in the third quarter valued at approximately $190,000. Principal Financial Group Inc. acquired a new stake in MasterCraft Boat in the third quarter valued at approximately $191,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its stake in MasterCraft Boat by 106.8% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 12,200 shares of the company’s stock valued at $233,000 after acquiring an additional 6,300 shares in the last quarter. 97.64% of the stock is owned by hedge funds and other institutional investors.

MasterCraft Boat Trading Down 0.3 %

NASDAQ:MCFT opened at $17.42 on Thursday. MasterCraft Boat Holdings, Inc. has a 12 month low of $16.12 and a 12 month high of $24.05. The firm has a fifty day simple moving average of $18.26 and a 200-day simple moving average of $18.61. The company has a market capitalization of $291.84 million, a P/E ratio of -43.55 and a beta of 1.71.

MasterCraft Boat (NASDAQ:MCFT) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.05 EPS for the quarter, topping 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%. Equities analysts forecast that MasterCraft Boat Holdings, Inc. will post 0.62 EPS for the current year.

Insider Buying and Selling

In other MasterCraft Boat news, major shareholder Coliseum Capital Management, L bought 55,000 shares of MasterCraft Boat stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average price of $18.83 per share, with a total value of $1,035,650.00. Following the completion of the acquisition, the insider now directly owns 3,562,615 shares in the company, valued at approximately $67,084,040.45. This trade represents a 1.57 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MCFT shares. Truist Financial lowered their target price on shares of MasterCraft Boat from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Tuesday, January 7th. DA Davidson lowered their target price on shares of MasterCraft Boat from $23.00 to $22.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. StockNews.com upgraded shares of MasterCraft Boat from a “sell” rating to a “hold” rating in a research note on Saturday, March 15th. Finally, B. Riley upgraded shares of MasterCraft Boat to a “hold” rating in a research note on Wednesday, February 12th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $20.50.

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.