Coliseum Capital Management, L Purchases 53,853 Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Stock

MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) major shareholder Coliseum Capital Management, L acquired 53,853 shares of the stock in a transaction dated Thursday, December 26th. The shares were bought at an average price of $18.87 per share, for a total transaction of $1,016,206.11. Following the transaction, the insider now owns 3,426,523 shares in the company, valued at approximately $64,658,489.01. This represents a 1.60 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at 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, December 30th, Coliseum Capital Management, L purchased 55,000 shares of MasterCraft Boat stock. The shares were purchased at an average price of $18.83 per share, for a total transaction of $1,035,650.00.

MasterCraft Boat Stock Performance

Shares of MCFT stock opened at $19.07 on Thursday. The company has a market capitalization of $320.30 million, a P/E ratio of -82.91 and a beta of 1.64. MasterCraft Boat Holdings, Inc. has a fifty-two week low of $16.12 and a fifty-two week high of $24.05. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.49 and a current ratio of 2.01. The stock has a 50 day moving average price of $19.78 and a two-hundred day moving average price of $19.08.

MasterCraft Boat (NASDAQ:MCFT) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.09. The company had revenue of $65.40 million during the quarter, compared to analyst estimates of $61.19 million. MasterCraft Boat had a negative net margin of 1.08% and a positive return on equity of 6.55%. The firm’s revenue was down 37.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.43 EPS. Analysts expect that MasterCraft Boat Holdings, Inc. will post 0.61 earnings per share for the current year.

Institutional Trading of MasterCraft Boat

Several large investors have recently modified their holdings of MCFT. Isthmus Partners LLC lifted its holdings in MasterCraft Boat by 0.4% in the 2nd quarter. Isthmus Partners LLC now owns 146,706 shares of the company’s stock worth $28,000 after buying an additional 532 shares during the period. US Bancorp DE raised its holdings in shares of MasterCraft Boat by 64.0% during the third quarter. US Bancorp DE now owns 5,123 shares of the company’s stock valued at $93,000 after acquiring an additional 2,000 shares in the last quarter. SG Americas Securities LLC purchased a new stake in MasterCraft Boat in the third quarter worth $126,000. Quest Partners LLC purchased a new position in MasterCraft Boat during the 3rd quarter valued at $150,000. Finally, Squarepoint Ops LLC bought a new position in MasterCraft Boat in the 2nd quarter worth $190,000. 97.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MCFT has been the topic of a number of research reports. DA Davidson raised their price objective on MasterCraft Boat from $17.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, November 8th. B. Riley lifted their price target on shares of MasterCraft Boat from $14.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Truist Financial boosted their price objective on shares of MasterCraft Boat from $15.00 to $22.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Finally, StockNews.com upgraded shares of MasterCraft Boat from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $21.25.

About MasterCraft Boat

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.