Coliseum Capital Management, L Purchases 63,600 Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Stock

MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) major shareholder Coliseum Capital Management, L purchased 63,600 shares of the stock in a transaction dated Thursday, June 13th. The stock was purchased at an average cost of $20.27 per share, for a total transaction of $1,289,172.00. Following the completion of the acquisition, the insider now owns 3,137,573 shares of the company’s stock, valued at approximately $63,598,604.71. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Coliseum Capital Management, L also recently made the following trade(s):

• On Monday, June 17th, Coliseum Capital Management, L acquired 53,856 shares of MasterCraft Boat stock. The stock was bought at an average price of $19.70 per share, for a total transaction of $1,060,963.20.
• On Monday, June 10th, Coliseum Capital Management, L acquired 18,084 shares of MasterCraft Boat stock. The stock was 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 acquired 98,446 shares of MasterCraft Boat stock. The stock was bought at an average price of $20.35 per share, for a total transaction of $2,003,376.10.
• On Wednesday, May 22nd, Coliseum Capital Management, L acquired 175,022 shares of MasterCraft Boat stock. The stock was bought 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 stock was bought at an average price of $20.75 per share, for a total transaction of $2,178,750.00.
• On Friday, May 10th, Coliseum Capital Management, L purchased 22,484 shares of MasterCraft Boat stock. The shares were acquired 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 price of $19.13 per share, for a total transaction of $908,675.00.
• On Monday, April 22nd, Coliseum Capital Management, L purchased 26,039 shares of MasterCraft Boat stock. The shares were acquired at an average price of $21.34 per share, for a total transaction of $555,672.26.
• On Thursday, April 18th, Coliseum Capital Management, L purchased 107,083 shares of MasterCraft Boat stock. The shares were acquired at an average price of $20.81 per share, for a total transaction of $2,228,397.23.
• On Friday, April 12th, Coliseum Capital Management, L purchased 60,000 shares of MasterCraft Boat stock. The shares were acquired at an average price of $21.84 per share, for a total transaction of $1,310,400.00.

MasterCraft Boat Trading Up 2.1 %

MCFT stock traded up $0.41 on Monday, reaching $19.97. The company’s stock had a trading volume of 320,909 shares, compared to its average volume of 148,247. The business has a fifty day simple moving average of $20.79 and a two-hundred day simple moving average of $21.40. MasterCraft Boat Holdings, Inc. has a 12-month low of $18.01 and a 12-month high of $31.70. The firm has a market cap of $339.09 million, a PE ratio of 9.00 and a beta of 1.61. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.54 and a current ratio of 2.02.

MasterCraft Boat (NASDAQ:MCFT) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.30 EPS 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 company had revenue of $95.71 million during the quarter, compared to analyst estimates of $92.32 million. As a group, research analysts forecast that MasterCraft Boat Holdings, Inc. will post 0.85 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MCFT. B. Riley reduced their price target on shares of MasterCraft Boat from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 16th. Stifel Nicolaus cut their target price on shares of MasterCraft Boat from $27.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $24.00.

Institutional Trading of MasterCraft Boat

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its stake in MasterCraft Boat by 11.2% in the fourth quarter. Wellington Management Group LLP now owns 590,100 shares of the company’s stock worth $13,360,000 after acquiring an additional 59,200 shares during the period. AQR Capital Management LLC lifted its position in MasterCraft Boat by 29.6% during the third quarter. AQR Capital Management LLC now owns 412,977 shares of the company’s stock valued at $9,176,000 after buying an additional 94,420 shares during the period. Wasatch Advisors LP lifted its position in MasterCraft Boat by 34.2% during the first quarter. Wasatch Advisors LP now owns 381,471 shares of the company’s stock valued at $9,048,000 after buying an additional 97,170 shares during the period. American Century Companies Inc. lifted its position in MasterCraft Boat by 15.8% during the third quarter. American Century Companies Inc. now owns 258,634 shares of the company’s stock valued at $5,747,000 after buying an additional 35,374 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its position in MasterCraft Boat by 0.3% during the third 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 period. Hedge funds and other institutional investors own 97.64% of the company’s stock.

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.