Short Interest in Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) Expands By 30.1%

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 857,616 shares, an increase of 30.1% from the February 26th total of 659,378 shares. Based on an average trading volume of 175,319 shares, the days-to-cover ratio is presently 4.9 days. Approximately 5.4% of the shares of the company are short sold.

Insiders Place Their Bets

In other news, major shareholder Fund L.P. Forager sold 26,497 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $23.50, for a total value of $622,679.50. Following the transaction, the insider directly owned 1,611,277 shares of the company’s stock, valued at approximately $37,865,009.50. This represents a 1.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 87,841 shares of company stock worth $2,069,264. 2.50% of the stock is currently owned by insiders.

Institutional Trading of Mastercraft Boat

Institutional investors and hedge funds have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership raised its position in shares of Mastercraft Boat by 1.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 70,694 shares of the company’s stock worth $1,313,000 after purchasing an additional 1,188 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Mastercraft Boat by 12.2% during the 4th quarter. Russell Investments Group Ltd. now owns 10,988 shares of the company’s stock worth $208,000 after buying an additional 1,193 shares in the last quarter. First Trust Advisors LP increased its stake in Mastercraft Boat by 3.1% during the 2nd quarter. First Trust Advisors LP now owns 41,276 shares of the company’s stock worth $767,000 after buying an additional 1,259 shares in the last quarter. New York State Teachers Retirement System acquired a new position in shares of Mastercraft Boat during the third quarter valued at approximately $32,000. Finally, Barclays PLC raised its holdings in shares of Mastercraft Boat by 7.7% during the fourth quarter. Barclays PLC now owns 24,725 shares of the company’s stock valued at $468,000 after acquiring an additional 1,769 shares during the last quarter. Hedge funds and other institutional investors own 97.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Robert W. Baird set a $28.00 price target on shares of Mastercraft Boat in a research report on Friday, February 6th. Loop Capital started coverage on shares of Mastercraft Boat in a research note on Monday, December 22nd. They issued a “hold” rating and a $21.00 price objective on the stock. Seaport Research Partners raised shares of Mastercraft Boat to a “hold” rating in a report on Monday, December 22nd. B. Riley Financial restated a “neutral” rating on shares of Mastercraft Boat in a research report on Friday, February 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mastercraft Boat in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Mastercraft Boat presently has an average rating of “Hold” and an average price target of $23.60.

Mastercraft Boat Price Performance

MCFT stock traded down $0.25 during mid-day trading on Monday, reaching $20.59. 153,964 shares of the company’s stock were exchanged, compared to its average volume of 169,026. Mastercraft Boat has a 12-month low of $14.39 and a 12-month high of $26.49. The stock’s 50 day moving average is $21.86 and its 200 day moving average is $20.79. The company has a market cap of $335.21 million, a price-to-earnings ratio of 21.45 and a beta of 1.07.

Mastercraft Boat (NASDAQ:MCFT) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.13. Mastercraft Boat had a return on equity of 9.51% and a net margin of 5.27%.The business had revenue of $71.76 million during the quarter, compared to analysts’ expectations of $68.79 million. During the same period in the previous year, the business earned $0.10 earnings per share. The business’s revenue was up 13.2% compared to the same quarter last year. Mastercraft Boat has set its Q3 2026 guidance at 0.350-0.350 EPS and its FY 2026 guidance at 1.450-1.600 EPS. On average, research analysts forecast that Mastercraft Boat will post 0.62 earnings per share for the current fiscal year.

About Mastercraft Boat

MasterCraft Boat Holdings, Inc (NASDAQ: MCFT) is a designer, manufacturer and marketer of high-performance recreational powerboats. The company’s portfolio includes the MasterCraft®, Aviara®, Crest® Classic and Supra® brands, each of which features multiple model lines tailored for activities such as wakeboarding, waterskiing, cruising and luxury day boating. MasterCraft oversees the full product lifecycle from hull design and propulsion engineering to interior appointments and final assembly.

Founded in 1968 and headquartered in Vonore, Tennessee, MasterCraft has built a reputation for innovation in hull design, ballast systems and tower architecture to enhance wake performance and ride quality.