Surf Cat

Mackay Shields LLC grew its holdings in shares of Mastercraft Boat Holdings Inc (NASDAQ:MCFT) by 26.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 103,100 shares of the company’s stock after purchasing an additional 21,846 shares during the period. Mackay Shields LLC’s holdings in Mastercraft Boat were worth $1,539,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Divisar Capital Management LLC grew its stake in Mastercraft Boat by 2.9% during the second quarter. Divisar Capital Management LLC now owns 890,308 shares of the company’s stock worth $17,441,000 after buying an additional 25,000 shares during the period. Systematic Financial Management LP boosted its stake in shares of Mastercraft Boat by 14.2% in the second quarter. Systematic Financial Management LP now owns 574,145 shares of the company’s stock valued at $11,247,000 after purchasing an additional 71,407 shares during the period. Citadel Advisors LLC boosted its stake in shares of Mastercraft Boat by 42.3% in the second quarter. Citadel Advisors LLC now owns 473,503 shares of the company’s stock valued at $9,276,000 after purchasing an additional 140,768 shares during the period. Dalton Greiner Hartman Maher & Co. boosted its stake in shares of Mastercraft Boat by 6.5% in the third quarter. Dalton Greiner Hartman Maher & Co. now owns 262,376 shares of the company’s stock valued at $3,916,000 after purchasing an additional 16,119 shares during the period. Finally, Foresters Investment Management Company Inc. boosted its stake in shares of Mastercraft Boat by 7.2% in the second quarter. Foresters Investment Management Company Inc. now owns 259,300 shares of the company’s stock valued at $5,080,000 after purchasing an additional 17,400 shares during the period. Institutional investors own 91.38% of the company’s stock.

Several research analysts have recently weighed in on MCFT shares. Raymond James downgraded shares of Mastercraft Boat from a “strong-buy” rating to a “market perform” rating in a research note on Monday, July 22nd. ValuEngine downgraded shares of Mastercraft Boat from a “hold” rating to a “sell” rating in a research note on Thursday. B. Riley decreased their target price on shares of Mastercraft Boat from $37.00 to $29.00 and set a “buy” rating for the company in a research note on Friday, September 13th. SunTrust Banks decreased their target price on shares of Mastercraft Boat from $18.00 to $15.00 and set a “hold” rating for the company in a research note on Friday, September 13th. Finally, Zacks Investment Research upgraded shares of Mastercraft Boat from a “sell” rating to a “hold” rating and set a $19.00 target price for the company in a research note on Thursday. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Mastercraft Boat currently has a consensus rating of “Hold” and a consensus price target of $22.50.

MCFT opened at $16.65 on Friday. The firm’s fifty day moving average price is $15.44 and its 200 day moving average price is $18.12. The stock has a market capitalization of $326.08 million, a PE ratio of 6.05, a P/E/G ratio of 0.71 and a beta of 1.67. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.84 and a quick ratio of 0.32. Mastercraft Boat Holdings Inc has a 12-month low of $13.33 and a 12-month high of $28.47.

Mastercraft Boat (NASDAQ:MCFT) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.42 by $0.11. The business had revenue of $109.80 million during the quarter, compared to analyst estimates of $101.81 million. Mastercraft Boat had a net margin of 4.46% and a return on equity of 67.69%. The company’s quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 earnings per share. On average, equities research analysts forecast that Mastercraft Boat Holdings Inc will post 2.49 earnings per share for the current fiscal year.

About Mastercraft Boat

MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. The company operates in two segments, MasterCraft and NauticStar. It offers sport boats and outboard boats, which are used for water skiing, wakeboarding, wake surfing, and fishing, as well as general recreational boating.

Read More: Buy-Side Analysts

Want to see what other hedge funds are holding MCFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercraft Boat Holdings Inc (NASDAQ:MCFT).