Royce & Associates LP Buys 72,677 Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Royce & Associates LP raised its stake in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) by 6.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,138,646 shares of the company’s stock after buying an additional 72,677 shares during the period. Royce & Associates LP owned about 6.01% of MasterCraft Boat worth $28,284,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of MCFT. Clark Estates Inc. NY acquired a new position in shares of MasterCraft Boat in the third quarter worth approximately $2,344,000. Wasatch Advisors Inc. lifted its position in shares of MasterCraft Boat by 22.9% in the 3rd quarter. Wasatch Advisors Inc. now owns 666,194 shares of the company’s stock worth $11,652,000 after purchasing an additional 124,001 shares during the period. Punch & Associates Investment Management Inc. boosted its stake in shares of MasterCraft Boat by 19.7% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 544,870 shares of the company’s stock valued at $9,530,000 after purchasing an additional 89,719 shares during the last quarter. Skylands Capital LLC increased its position in shares of MasterCraft Boat by 45.8% during the third quarter. Skylands Capital LLC now owns 226,550 shares of the company’s stock worth $3,962,000 after buying an additional 71,150 shares during the period. Finally, Brinker Capital Investments LLC bought a new position in MasterCraft Boat during the third quarter worth $936,000. 82.85% of the stock is owned by institutional investors.

A number of analysts have commented on the stock. Raymond James upped their price target on shares of MasterCraft Boat from $29.00 to $31.00 and gave the company an “outperform” rating in a research report on Thursday, February 11th. Truist raised their target price on MasterCraft Boat from $24.00 to $26.00 in a research note on Wednesday, January 27th. B. Riley lifted their target price on MasterCraft Boat from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, February 11th. Finally, Zacks Investment Research upgraded MasterCraft Boat from a “hold” rating to a “strong-buy” rating and set a $31.00 price target on the stock in a report on Thursday, February 18th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. MasterCraft Boat has an average rating of “Buy” and a consensus target price of $27.00.

MCFT stock opened at $26.96 on Tuesday. The stock’s 50 day simple moving average is $27.13 and its 200 day simple moving average is $22.84. MasterCraft Boat Holdings, Inc. has a fifty-two week low of $4.90 and a fifty-two week high of $31.88. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.47 and a current ratio of 1.01. The company has a market cap of $510.87 million, a P/E ratio of -21.92 and a beta of 2.26.

MasterCraft Boat (NASDAQ:MCFT) last announced its quarterly earnings data on Tuesday, February 9th. The company reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.24. MasterCraft Boat had a positive return on equity of 40.33% and a negative net margin of 6.47%. The firm had revenue of $118.68 million during the quarter, compared to analysts’ expectations of $115.03 million. Equities analysts predict that MasterCraft Boat Holdings, Inc. will post 2.39 earnings per share for the current year.

MasterCraft Boat Profile

MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates through three segments: MasterCraft, NauticStar, and Crest. The MasterCraft segment produces recreational performance sport boats and luxury day boats under the MasterCraft and Aviara brands, which are used for water skiing, wakeboarding, and wake surfing, as well as general recreational boating.

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Institutional Ownership by Quarter for MasterCraft Boat (NASDAQ:MCFT)

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