Mastercraft Boat (NASDAQ:MCFT) Stock Rating Lowered by BidaskClub

BidaskClub lowered shares of Mastercraft Boat (NASDAQ:MCFT) from a sell rating to a strong sell rating in a research report released on Saturday, BidAskClub reports.

MCFT has been the topic of a number of other research reports. Zacks Investment Research cut shares of Mastercraft Boat from a hold rating to a sell rating in a report on Saturday, July 20th. ValuEngine cut shares of Mastercraft Boat from a sell rating to a strong sell rating in a report on Friday, May 24th. Raymond James cut shares of Mastercraft Boat from a strong-buy rating to a market perform rating in a report on Monday, July 22nd. Finally, B. Riley set a $43.00 price objective on shares of Mastercraft Boat and gave the stock a buy rating in a report on Friday, July 19th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Mastercraft Boat presently has an average rating of Hold and a consensus target price of $34.83.

MCFT stock opened at $14.54 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.38 and a debt-to-equity ratio of 1.42. Mastercraft Boat has a twelve month low of $14.17 and a twelve month high of $39.50. The business’s 50 day moving average is $18.15. The firm has a market capitalization of $272.25 million, a PE ratio of 7.16, a P/E/G ratio of 0.50 and a beta of 1.65.

In other news, Director Frederick A. Brightbill sold 5,000 shares of Mastercraft Boat stock in a transaction on Friday, June 7th. The shares were sold at an average price of $20.84, for a total value of $104,200.00. Following the transaction, the director now directly owns 29,323 shares of the company’s stock, valued at approximately $611,091.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Patrick May bought 4,185 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was acquired at an average cost of $24.06 per share, for a total transaction of $100,691.10. Following the completion of the acquisition, the insider now directly owns 5,744 shares in the company, valued at $138,200.64. The disclosure for this purchase can be found here. 2.79% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in the company. Legal & General Group Plc increased its holdings in shares of Mastercraft Boat by 17.1% in the 4th quarter. Legal & General Group Plc now owns 3,349 shares of the company’s stock valued at $62,000 after acquiring an additional 490 shares during the period. Swiss National Bank increased its holdings in shares of Mastercraft Boat by 2.1% in the 2nd quarter. Swiss National Bank now owns 34,800 shares of the company’s stock valued at $682,000 after acquiring an additional 700 shares during the period. Northern Trust Corp increased its holdings in shares of Mastercraft Boat by 0.3% in the 2nd quarter. Northern Trust Corp now owns 220,625 shares of the company’s stock valued at $4,322,000 after acquiring an additional 737 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Mastercraft Boat by 106.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,017 shares of the company’s stock valued at $46,000 after acquiring an additional 1,041 shares during the period. Finally, Prime Capital Investment Advisors LLC acquired a new position in shares of Mastercraft Boat in the 1st quarter valued at $25,000. 95.64% of the stock is currently owned by institutional investors and hedge funds.

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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