Virtu Financial LLC purchased a new stake in shares of Mastercraft Boat Holdings Inc (NASDAQ:MCFT) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 7,015 shares of the company’s stock, valued at approximately $252,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. raised its holdings in shares of Mastercraft Boat by 0.8% in the 3rd quarter. American Century Companies Inc. now owns 300,121 shares of the company’s stock valued at $10,768,000 after acquiring an additional 2,446 shares in the last quarter. First Trust Advisors LP grew its position in Mastercraft Boat by 18.6% during the 2nd quarter. First Trust Advisors LP now owns 18,845 shares of the company’s stock worth $546,000 after acquiring an additional 2,951 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its position in Mastercraft Boat by 24.4% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 22,094 shares of the company’s stock worth $640,000 after acquiring an additional 4,340 shares during the last quarter. Victory Capital Management Inc. grew its position in Mastercraft Boat by 46.9% during the 3rd quarter. Victory Capital Management Inc. now owns 15,257 shares of the company’s stock worth $547,000 after acquiring an additional 4,870 shares during the last quarter. Finally, ClariVest Asset Management LLC grew its position in Mastercraft Boat by 7.3% during the 3rd quarter. ClariVest Asset Management LLC now owns 73,838 shares of the company’s stock worth $2,649,000 after acquiring an additional 5,020 shares during the last quarter. 91.75% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Terry D. Mcnew purchased 3,545 shares of the business’s stock in a transaction on Wednesday, November 14th. The stock was acquired at an average price of $28.14 per share, with a total value of $99,756.30. Following the completion of the acquisition, the insider now owns 320,062 shares of the company’s stock, valued at approximately $9,006,544.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.79% of the company’s stock.
MCFT has been the topic of several recent research reports. SunTrust Banks raised their price target on Mastercraft Boat to $30.00 in a research report on Thursday, October 11th. Zacks Investment Research upgraded Mastercraft Boat from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research report on Wednesday, September 19th. B. Riley raised their target price on Mastercraft Boat from $36.50 to $44.00 and gave the company a “buy” rating in a research note on Monday, September 17th. BidaskClub cut Mastercraft Boat from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 24th. Finally, ValuEngine cut Mastercraft Boat from a “buy” rating to a “hold” rating in a research note on Friday, October 19th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $38.00.
Shares of MCFT traded down $0.32 during trading hours on Thursday, hitting $20.45. The stock had a trading volume of 132,000 shares, compared to its average volume of 218,571. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.77 and a quick ratio of 0.37. Mastercraft Boat Holdings Inc has a 12 month low of $17.60 and a 12 month high of $39.50. The firm has a market capitalization of $358.89 million, a P/E ratio of 10.07, a PEG ratio of 0.48 and a beta of 1.63.
Mastercraft Boat (NASDAQ:MCFT) last issued its quarterly earnings data on Friday, November 9th. The company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.03. Mastercraft Boat had a return on equity of 90.10% and a net margin of 11.37%. The company had revenue of $93.60 million during the quarter, compared to analyst estimates of $90.93 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. Mastercraft Boat’s revenue was up 44.0% compared to the same quarter last year. Analysts expect that Mastercraft Boat Holdings Inc will post 2.69 EPS 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.
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