Fund L.P. Forager Sells 12,163 Shares of Mastercraft Boat (NASDAQ:MCFT) Stock

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) major shareholder Fund L.P. Forager sold 12,163 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $23.74, for a total transaction of $288,749.62. Following the sale, the insider owned 1,686,955 shares in the company, valued at $40,048,311.70. The trade was a 0.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Fund L.P. Forager also recently made the following trade(s):

• On Thursday, February 19th, Fund L.P. Forager sold 30,131 shares of Mastercraft Boat stock. The shares were sold at an average price of $23.43, for a total transaction of $705,969.33.
• On Wednesday, February 18th, Fund L.P. Forager sold 19,050 shares of Mastercraft Boat stock. The stock was sold at an average price of $23.72, for a total value of $451,866.00.

Mastercraft Boat Stock Down 0.0%

NASDAQ MCFT traded down $0.01 during mid-day trading on Thursday, hitting $23.63. The stock had a trading volume of 156,547 shares, compared to its average volume of 135,898. Mastercraft Boat Holdings, Inc. has a 52-week low of $14.39 and a 52-week high of $26.49. The company has a market cap of $384.70 million, a price-to-earnings ratio of 24.61 and a beta of 1.07. The company has a 50 day simple moving average of $21.32 and a 200 day simple moving average of $20.82.

Mastercraft Boat (NASDAQ:MCFT) last posted its earnings results on Thursday, February 5th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.13. Mastercraft Boat had a return on equity of 9.51% and a net margin of 5.27%.The company had revenue of $71.76 million for the quarter, compared to analyst estimates of $68.79 million. During the same quarter in the prior year, the company earned $0.10 earnings per share. Mastercraft Boat’s revenue was up 13.2% compared to the same quarter last year. Mastercraft Boat has set its Q3 2026 guidance at 0.350-0.350 EPS and its FY 2026 guidance at 1.450-1.600 EPS. As a group, equities analysts anticipate that Mastercraft Boat Holdings, Inc. will post 0.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MCFT shares. B. Riley Financial restated a “neutral” rating on shares of Mastercraft Boat in a report on Friday, February 6th. Loop Capital started coverage on Mastercraft Boat in a report on Monday, December 22nd. They set a “hold” rating and a $21.00 price objective for the company. Seaport Research Partners raised shares of Mastercraft Boat to a “hold” rating in a research report on Monday, December 22nd. Robert W. Baird set a $28.00 price target on Mastercraft Boat in a report on Friday, February 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Mastercraft Boat in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $23.60.

Institutional Investors Weigh In On Mastercraft Boat

Institutional investors and hedge funds have recently bought and sold shares of the business. Gratia Capital LLC acquired a new position in Mastercraft Boat in the second quarter valued at approximately $4,273,000. Arrowstreet Capital Limited Partnership raised its position in shares of Mastercraft Boat by 212.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 220,819 shares of the company’s stock worth $4,739,000 after purchasing an additional 150,125 shares during the period. Coliseum Capital Management LLC lifted its holdings in shares of Mastercraft Boat by 3.8% in the 4th quarter. Coliseum Capital Management LLC now owns 3,697,422 shares of the company’s stock worth $69,918,000 after purchasing an additional 134,807 shares during the last quarter. Corient Private Wealth LLC acquired a new position in Mastercraft Boat during the 2nd quarter valued at approximately $2,065,000. Finally, Forager Capital Management LLC boosted its position in Mastercraft Boat by 6.2% during the 2nd quarter. Forager Capital Management LLC now owns 1,802,975 shares of the company’s stock valued at $33,499,000 after purchasing an additional 105,280 shares during the period. Institutional investors and hedge funds own 97.64% of the company’s stock.

Mastercraft Boat Company 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.