Coliseum Capital Management, L Buys 26,039 Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Stock

MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) major shareholder Coliseum Capital Management, L acquired 26,039 shares of the company’s stock in a transaction on Monday, April 22nd. The stock was acquired at an average cost of $21.34 per share, with a total value of $555,672.26. Following the completion of the purchase, the insider now directly owns 2,357,406 shares in the company, valued at $50,307,044.04. The purchase was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Coliseum Capital Management, L also recently made the following trade(s):

• On Thursday, April 18th, Coliseum Capital Management, L acquired 107,083 shares of MasterCraft Boat stock. The stock was acquired at an average cost of $20.81 per share, with a total value of $2,228,397.23.
• On Friday, April 12th, Coliseum Capital Management, L acquired 60,000 shares of MasterCraft Boat stock. The stock was acquired at an average cost of $21.84 per share, with a total value of $1,310,400.00.
• On Wednesday, April 10th, Coliseum Capital Management, L acquired 11,308 shares of MasterCraft Boat stock. The stock was acquired at an average cost of $21.63 per share, with a total value of $244,592.04.
• On Monday, March 18th, Coliseum Capital Management, L acquired 118,620 shares of MasterCraft Boat stock. The stock was acquired at an average cost of $21.84 per share, with a total value of $2,590,660.80.
• On Thursday, March 14th, Coliseum Capital Management, L acquired 24,167 shares of MasterCraft Boat stock. The stock was acquired at an average cost of $20.72 per share, with a total value of $500,740.24.

MasterCraft Boat Price Performance

MCFT stock opened at $21.31 on Thursday. MasterCraft Boat Holdings, Inc. has a 12 month low of $19.22 and a 12 month high of $31.70. The company has a current ratio of 2.11, a quick ratio of 1.58 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average price of $22.00 and a 200 day moving average price of $21.57. The stock has a market cap of $362.99 million, a PE ratio of 6.49 and a beta of 1.64.

MasterCraft Boat (NASDAQ:MCFT) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.17. The company had revenue of $99.48 million during the quarter, compared to analysts’ expectations of $95.53 million. MasterCraft Boat had a net margin of 10.66% and a return on equity of 32.01%. The firm’s quarterly revenue was down 37.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.16 EPS. Equities research analysts anticipate that MasterCraft Boat Holdings, Inc. will post 1.51 earnings per share for the current year.

Institutional Investors Weigh In On MasterCraft Boat

Large investors have recently added to or reduced their stakes in the stock. Carmel Capital Partners LLC purchased a new stake in MasterCraft Boat in the 3rd quarter valued at about $28,000. DekaBank Deutsche Girozentrale purchased a new stake in MasterCraft Boat in the 3rd quarter valued at about $86,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in MasterCraft Boat by 41.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,486 shares of the company’s stock valued at $102,000 after buying an additional 1,306 shares during the period. Quantbot Technologies LP purchased a new stake in MasterCraft Boat in the 3rd quarter valued at about $116,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of MasterCraft Boat by 60.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,198 shares of the company’s stock valued at $160,000 after purchasing an additional 2,703 shares in the last quarter. 97.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on MCFT shares. Truist Financial lifted their price objective on shares of MasterCraft Boat from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Tuesday, January 9th. B. Riley dropped their price target on shares of MasterCraft Boat from $24.00 to $22.00 and set a “neutral” rating for the company in a research note on Tuesday, April 16th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $24.67.

MasterCraft Boat Company Profile

MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates through MasterCraft, Crest, and Aviara segments. The MasterCraft segment produces premium recreational performance sport boats primarily used for water skiing, wakeboarding, wake surfing, and general recreational boating.