Victory Capital Management Inc. boosted its holdings in Mastercraft Boat Holdings Inc (NASDAQ:MCFT) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,876 shares of the company’s stock after acquiring an additional 619 shares during the period. Victory Capital Management Inc. owned 0.08% of Mastercraft Boat worth $297,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. First Quadrant L P CA boosted its stake in Mastercraft Boat by 31.8% in the fourth quarter. First Quadrant L P CA now owns 39,535 shares of the company’s stock valued at $739,000 after buying an additional 9,543 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in shares of Mastercraft Boat by 2.8% during the third quarter. Allianz Asset Management GmbH now owns 418,059 shares of the company’s stock valued at $15,000,000 after purchasing an additional 11,519 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Mastercraft Boat by 1.4% during the third quarter. Teachers Advisors LLC now owns 104,405 shares of the company’s stock valued at $3,746,000 after purchasing an additional 1,419 shares in the last quarter. Wasatch Advisors Inc. boosted its stake in shares of Mastercraft Boat by 8.3% during the third quarter. Wasatch Advisors Inc. now owns 178,242 shares of the company’s stock valued at $6,395,000 after purchasing an additional 13,695 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Mastercraft Boat during the third quarter worth about $252,000. Institutional investors and hedge funds own 90.51% of the company’s stock.
Shares of NASDAQ:MCFT traded up $0.19 during mid-day trading on Friday, hitting $23.51. 1,700 shares of the company traded hands, compared to its average volume of 243,276. The stock has a market cap of $436.74 million, a price-to-earnings ratio of 11.48, a PEG ratio of 0.56 and a beta of 1.70. The company has a quick ratio of 0.46, a current ratio of 0.89 and a debt-to-equity ratio of 1.97. Mastercraft Boat Holdings Inc has a 12-month low of $17.60 and a 12-month high of $39.50.
Mastercraft Boat (NASDAQ:MCFT) last announced its earnings results on Thursday, February 7th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.05. Mastercraft Boat had a return on equity of 80.59% and a net margin of 10.69%. The company had revenue of $121.50 million for the quarter, compared to analysts’ expectations of $112.54 million. During the same quarter in the previous year, the firm earned $0.42 earnings per share. Mastercraft Boat’s quarterly revenue was up 55.0% on a year-over-year basis. As a group, equities research analysts expect that Mastercraft Boat Holdings Inc will post 2.69 earnings per share for the current year.
A number of equities analysts have recently issued reports on MCFT shares. BidaskClub upgraded Mastercraft Boat from a “strong sell” rating to a “sell” rating in a research report on Saturday, January 19th. ValuEngine upgraded Mastercraft Boat from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 2nd. Wells Fargo & Co lowered their target price on Mastercraft Boat from $41.00 to $27.00 and set an “outperform” rating for the company in a report on Tuesday, December 18th. Finally, Zacks Investment Research downgraded Mastercraft Boat from a “buy” rating to a “hold” rating in a report on Wednesday, December 19th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $38.00.
About Mastercraft Boat
Mastercraft Boat Holdings, Inc engages in the design, manufacture, and sale of boats. It operates through the MasterCraft and NauticStar segment. The MasterCraft segment offers recreational performance boats used for water skiing, wakeboarding, and wake surfing activities. The NauticStar segment includes recreational boats primarily used for salt water fishing, and general recreational boating.
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