Quest Partners LLC Purchases New Shares in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Quest Partners LLC purchased a new position in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,242 shares of the company’s stock, valued at approximately $150,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of MasterCraft Boat by 5.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,998 shares of the company’s stock worth $380,000 after purchasing an additional 857 shares during the period. Janus Henderson Group PLC raised its holdings in shares of MasterCraft Boat by 40.5% in the first quarter. Janus Henderson Group PLC now owns 13,047 shares of the company’s stock worth $310,000 after buying an additional 3,762 shares during the period. Comerica Bank lifted its stake in shares of MasterCraft Boat by 27,130.8% during the 1st quarter. Comerica Bank now owns 56,640 shares of the company’s stock worth $1,343,000 after acquiring an additional 56,432 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in MasterCraft Boat by 191.7% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,250 shares of the company’s stock valued at $98,000 after acquiring an additional 3,450 shares during the period. Finally, Rhumbline Advisers grew its position in MasterCraft Boat by 18.1% in the 2nd quarter. Rhumbline Advisers now owns 27,994 shares of the company’s stock valued at $529,000 after acquiring an additional 4,298 shares during the last quarter. 97.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. DA Davidson lifted their target price on MasterCraft Boat from $17.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. StockNews.com downgraded shares of MasterCraft Boat from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd. 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 report on Thursday, November 7th. B. Riley increased their price objective on MasterCraft Boat from $14.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $22.00 target price on shares of MasterCraft Boat in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, MasterCraft Boat presently has an average rating of “Hold” and a consensus price target of $21.25.

MasterCraft Boat Price Performance

NASDAQ MCFT opened at $21.16 on Friday. The company has a market cap of $355.49 million, a PE ratio of -92.00 and a beta of 1.61. MasterCraft Boat Holdings, Inc. has a 52-week low of $16.12 and a 52-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’s 50 day moving average price is $18.67 and its 200-day moving average price is $19.26.

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