California State Teachers Retirement System Has $372,000 Position in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

California State Teachers Retirement System lessened its stake in shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) by 5.6% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 15,675 shares of the company’s stock after selling 932 shares during the quarter. California State Teachers Retirement System’s holdings in MasterCraft Boat were worth $372,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. bought a new position in MasterCraft Boat in the 1st quarter valued at about $43,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of MasterCraft Boat by 41.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,486 shares of the company’s stock worth $102,000 after purchasing an additional 1,306 shares during the period. Carmel Capital Partners LLC lifted its holdings in MasterCraft Boat by 596.4% during the 4th quarter. Carmel Capital Partners LLC now owns 8,879 shares of the company’s stock worth $201,000 after purchasing an additional 7,604 shares during the last quarter. CastleKnight Management LP bought a new stake in MasterCraft Boat in the 4th quarter valued at $263,000. Finally, Janus Henderson Group PLC increased its position in MasterCraft Boat by 40.5% during the 1st 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. Institutional investors own 97.64% of the company’s stock.

Insider Buying and Selling at MasterCraft Boat

In other MasterCraft Boat news, major shareholder Coliseum Capital Management, L purchased 98,446 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were bought at an average price of $20.35 per share, for a total transaction of $2,003,376.10. Following the purchase, the insider now owns 3,047,968 shares in the company, valued at approximately $62,026,148.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders bought a total of 471,524 shares of company stock worth $9,620,321 over the last three months. Corporate insiders own 2.50% of the company’s stock.

MasterCraft Boat Stock Performance

Shares of MasterCraft Boat stock opened at $19.64 on Monday. The company has a current ratio of 2.02, a quick ratio of 1.54 and a debt-to-equity ratio of 0.23. The company has a market cap of $333.51 million, a PE ratio of 8.85 and a beta of 1.63. The company has a 50 day moving average of $19.57 and a 200-day moving average of $20.75. MasterCraft Boat Holdings, Inc. has a 1-year low of $17.31 and a 1-year high of $26.70.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. B. Riley reduced their target price on shares of MasterCraft Boat from $22.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Stifel Nicolaus cut their price objective on shares of MasterCraft Boat from $25.00 to $22.00 and set a “buy” rating for the company in a report on Friday, July 12th. Finally, Truist Financial lowered their target price on shares of MasterCraft Boat from $20.00 to $15.00 and set a “hold” rating on the stock in a report on Monday, July 8th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, MasterCraft Boat has a consensus rating of “Hold” and a consensus target price of $21.83.

MasterCraft Boat Profile

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.