ValuEngine downgraded shares of Mastercraft Boat (NASDAQ:MCFT) from a hold rating to a sell rating in a report issued on Thursday, ValuEngine reports.

Several other research firms have also issued reports on MCFT. SunTrust Banks reduced their price target on Mastercraft Boat from $18.00 to $15.00 and set a hold rating on the stock in a research report on Friday, September 13th. Raymond James lowered Mastercraft Boat from a strong-buy rating to a market perform rating in a report on Monday, July 22nd. TheStreet lowered Mastercraft Boat from a b- rating to a c+ rating in a report on Thursday, August 15th. B. Riley reduced their target price on Mastercraft Boat from $37.00 to $29.00 and set a buy rating on the stock in a report on Friday, September 13th. Finally, Zacks Investment Research upgraded Mastercraft Boat from a sell rating to a hold rating and set a $19.00 target price on the stock in a report on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $22.50.

Shares of NASDAQ:MCFT traded down $0.36 during midday trading on Thursday, hitting $16.28. The company had a trading volume of 132,500 shares, compared to its average volume of 239,535. Mastercraft Boat has a 12 month low of $13.33 and a 12 month high of $27.91. The company has a current ratio of 0.84, a quick ratio of 0.32 and a debt-to-equity ratio of 1.30. The stock has a market cap of $313.92 million, a price-to-earnings ratio of 5.92, a PEG ratio of 0.67 and a beta of 1.67. The firm has a fifty day simple moving average of $15.48 and a 200 day simple moving average of $18.08.

Mastercraft Boat (NASDAQ:MCFT) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.11. Mastercraft Boat had a return on equity of 67.69% and a net margin of 4.46%. The business had revenue of $109.80 million for the quarter, compared to analyst estimates of $101.81 million. During the same period last year, the company earned $0.54 EPS. The firm’s revenue was up 17.3% on a year-over-year basis. Equities analysts forecast that Mastercraft Boat will post 2.49 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of MCFT. Russell Investments Group Ltd. bought a new position in Mastercraft Boat during the second quarter worth about $25,000. BNP Paribas Arbitrage SA bought a new position in Mastercraft Boat during the second quarter worth about $42,000. Meeder Asset Management Inc. raised its stake in shares of Mastercraft Boat by 336.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 3,476 shares of the company’s stock valued at $67,000 after purchasing an additional 2,680 shares during the period. Tower Research Capital LLC TRC acquired a new stake in shares of Mastercraft Boat in the 2nd quarter valued at about $95,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Mastercraft Boat in the 2nd quarter valued at about $120,000. Hedge funds and other institutional investors own 88.88% of the company’s stock.

Mastercraft Boat Company Profile

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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