Teachers Advisors LLC raised its stake in shares of Mastercraft Boat Holdings Inc (NASDAQ:MCFT) by 1.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 104,405 shares of the company’s stock after purchasing an additional 1,419 shares during the period. Teachers Advisors LLC owned 0.56% of Mastercraft Boat worth $3,746,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Voya Investment Management LLC purchased a new position in shares of Mastercraft Boat during the second quarter worth approximately $201,000. Jefferies Group LLC bought a new position in shares of Mastercraft Boat during the third quarter valued at approximately $224,000. Virtu Financial LLC bought a new position in shares of Mastercraft Boat during the third quarter valued at approximately $252,000. Caxton Associates LP bought a new position in shares of Mastercraft Boat during the third quarter valued at approximately $368,000. Finally, MetLife Investment Advisors LLC boosted its stake in shares of Mastercraft Boat by 55.3% during the third quarter. MetLife Investment Advisors LLC now owns 14,297 shares of the company’s stock valued at $513,000 after purchasing an additional 5,092 shares in the last quarter. 90.21% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:MCFT traded down $0.32 on Wednesday, hitting $21.13. 189,746 shares of the company were exchanged, compared to its average volume of 216,673. The company has a current ratio of 0.77, a quick ratio of 0.37 and a debt-to-equity ratio of 1.17. Mastercraft Boat Holdings Inc has a 1-year low of $17.60 and a 1-year high of $39.50. The company has a market capitalization of $401.57 million, a P/E ratio of 10.41, a PEG ratio of 0.52 and a beta of 1.67.
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 Thomson Reuters’ consensus estimate of $0.59 by $0.05. Mastercraft Boat had a net margin of 10.69% and a return on equity of 88.18%. The firm had revenue of $121.50 million during the quarter, compared to analysts’ expectations of $112.54 million. During the same quarter last year, the company posted $0.42 earnings per share. The firm’s revenue was up 55.0% compared to the same quarter last year. Equities analysts forecast that Mastercraft Boat Holdings Inc will post 2.69 EPS for the current year.
A number of research firms have recently issued reports on MCFT. BidaskClub upgraded shares of Mastercraft Boat from a “strong sell” rating to a “sell” rating in a research note on Saturday, January 19th. ValuEngine upgraded shares of Mastercraft Boat from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 2nd. Zacks Investment Research downgraded shares of Mastercraft Boat from a “buy” rating to a “hold” rating in a research note on Wednesday, December 19th. Finally, Wells Fargo & Co lowered their target price on shares of Mastercraft Boat from $41.00 to $27.00 and set an “outperform” rating for the company in a research note on Tuesday, December 18th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $38.00.
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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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