Mastercraft Boat Holdings Inc (NASDAQ:MCFT) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 763,892 shares, an increase of 41.4% from the February 15th total of 540,399 shares. Currently, 4.2% of the company’s shares are short sold. Based on an average trading volume of 297,911 shares, the days-to-cover ratio is presently 2.6 days.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MCFT. Great West Life Assurance Co. Can purchased a new position in Mastercraft Boat in the 4th quarter worth approximately $62,000. Legal & General Group Plc boosted its holdings in Mastercraft Boat by 17.1% in the 4th quarter. Legal & General Group Plc now owns 3,349 shares of the company’s stock worth $62,000 after acquiring an additional 490 shares during the period. Citigroup Inc. boosted its holdings in Mastercraft Boat by 9.2% in the 4th quarter. Citigroup Inc. now owns 5,968 shares of the company’s stock worth $112,000 after acquiring an additional 502 shares during the period. Metropolitan Life Insurance Co. NY boosted its holdings in Mastercraft Boat by 354.8% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,527 shares of the company’s stock worth $122,000 after acquiring an additional 5,092 shares during the period. Finally, Brandywine Global Investment Management LLC boosted its holdings in Mastercraft Boat by 11.1% in the 4th quarter. Brandywine Global Investment Management LLC now owns 10,040 shares of the company’s stock worth $188,000 after acquiring an additional 1,000 shares during the period. Hedge funds and other institutional investors own 90.51% of the company’s stock.

MCFT has been the subject of a number of research analyst reports. ValuEngine raised shares of Mastercraft Boat from a “sell” rating to a “hold” rating in a research note on Thursday, February 7th. Wells Fargo & Co decreased 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. BidaskClub upgraded Mastercraft Boat from a “sell” rating to a “hold” rating in a report on Thursday, February 7th. Finally, Zacks Investment Research cut Mastercraft Boat from a “buy” rating to a “hold” rating in a report on Wednesday, December 19th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Mastercraft Boat presently has an average rating of “Buy” and a consensus price target of $38.00.

Shares of NASDAQ:MCFT opened at $23.55 on Friday. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.89 and a quick ratio of 0.46. Mastercraft Boat has a 1 year low of $17.60 and a 1 year high of $39.50. The stock has a market cap of $441.04 million, a PE ratio of 11.60, a PEG ratio of 0.56 and a beta of 1.70.

Mastercraft Boat (NASDAQ:MCFT) last issued its earnings results on Thursday, February 7th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $121.50 million during the quarter, compared to analysts’ expectations of $112.54 million. During the same quarter in the previous year, the business earned $0.42 EPS. The company’s revenue for the quarter was up 55.0% on a year-over-year basis. As a group, sell-side analysts forecast that Mastercraft Boat will post 2.69 EPS for the current year.

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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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