Janney Montgomery Scott LLC Lowers Holdings in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Janney Montgomery Scott LLC decreased its holdings in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,498 shares of the company’s stock after selling 951 shares during the quarter. Janney Montgomery Scott LLC’s holdings in MasterCraft Boat were worth $467,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE raised its holdings in MasterCraft Boat by 64.0% in the third quarter. US Bancorp DE now owns 5,123 shares of the company’s stock valued at $93,000 after acquiring an additional 2,000 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of MasterCraft Boat in the 3rd quarter valued at $126,000. Quest Partners LLC acquired a new position in shares of MasterCraft Boat in the 3rd quarter valued at $150,000. Metis Global Partners LLC purchased a new position in MasterCraft Boat in the 3rd quarter valued at $190,000. Finally, Squarepoint Ops LLC purchased a new position in MasterCraft Boat in the 2nd quarter valued at $190,000. Institutional investors and hedge funds own 97.64% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Coliseum Capital Management, L bought 55,000 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was purchased at an average price of $18.83 per share, for a total transaction of $1,035,650.00. Following the transaction, the insider now owns 3,562,615 shares in the company, valued at approximately $67,084,040.45. This trade represents a 1.57 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 4.00% of the stock is owned by company insiders.

MasterCraft Boat Stock Performance

Shares of MCFT stock opened at $19.75 on Monday. MasterCraft Boat Holdings, Inc. has a 12 month low of $16.12 and a 12 month high of $24.05. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.49. The firm has a market capitalization of $331.80 million, a P/E ratio of -49.37 and a beta of 1.67. The company’s fifty day moving average price is $19.02 and its two-hundred day moving average price is $18.98.

MasterCraft Boat (NASDAQ:MCFT) last issued its earnings results on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. MasterCraft Boat had a negative net margin of 2.29% and a positive return on equity of 3.70%. On average, research analysts anticipate that MasterCraft Boat Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MCFT. StockNews.com upgraded shares of MasterCraft Boat from a “sell” rating to a “hold” rating in a research report on Tuesday, February 4th. B. Riley lifted 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. Truist Financial lowered their price objective on shares of MasterCraft Boat from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Tuesday, January 7th. Finally, DA Davidson upped their price target on shares of MasterCraft Boat from $17.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, MasterCraft Boat presently has a consensus rating of “Hold” and a consensus price target of $20.75.

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.