Forager Capital Management LLC Boosts Holdings in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Forager Capital Management LLC raised its stake in shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) by 29.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,697,695 shares of the company’s stock after acquiring an additional 390,405 shares during the period. MasterCraft Boat makes up approximately 12.2% of Forager Capital Management LLC’s holdings, making the stock its 3rd biggest position. Forager Capital Management LLC owned approximately 10.11% of MasterCraft Boat worth $30,915,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of MCFT. Dimensional Fund Advisors LP lifted its stake in MasterCraft Boat by 13.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 714,208 shares of the company’s stock valued at $13,484,000 after acquiring an additional 82,509 shares during the period. Systematic Financial Management LP lifted its stake in shares of MasterCraft Boat by 6.8% in the 3rd quarter. Systematic Financial Management LP now owns 1,028,585 shares of the company’s stock worth $18,731,000 after purchasing an additional 65,412 shares during the period. American Century Companies Inc. lifted its stake in shares of MasterCraft Boat by 14.8% in the 2nd quarter. American Century Companies Inc. now owns 395,570 shares of the company’s stock worth $7,468,000 after purchasing an additional 51,016 shares during the period. Koss Olinger Consulting LLC bought a new position in shares of MasterCraft Boat in the 2nd quarter worth approximately $417,000. Finally, Ballentine Partners LLC bought a new stake in MasterCraft Boat during the 3rd quarter worth approximately $192,000. Institutional investors own 97.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. DA Davidson raised their target price on shares of MasterCraft Boat from $17.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Truist Financial raised their target price on shares of MasterCraft Boat from $15.00 to $22.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. B. Riley raised their target price 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. Stifel Nicolaus reaffirmed a “buy” rating and set a $22.00 price objective on shares of MasterCraft Boat in a report on Friday, August 30th. Finally, StockNews.com lowered shares of MasterCraft Boat from a “hold” rating to a “sell” rating in a report on Monday, September 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $21.25.

MasterCraft Boat Trading Up 1.9 %

MCFT stock opened at $20.94 on Wednesday. The firm has a fifty day moving average price of $19.16 and a 200 day moving average price of $19.25. 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 firm has a market cap of $351.79 million, a PE ratio of -91.04 and a beta of 1.64.

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

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.