MasterCraft Boat (NASDAQ:MCFT) Upgraded to Hold at StockNews.com
StockNews.com upgraded MasterCraft Boat (NASDAQ:MCFT) from a "sell" to a "hold" rating. Other analysts have also provided mixed ratings, with Robert W. Baird maintaining a "neutral" rating and a target price of $20.00. The stock traded at $15.43, with a market cap of $258.50 million. MasterCraft reported earnings of $0.05 per share, exceeding estimates. Institutional investors hold 97.64% of the stock, indicating strong institutional interest.
MasterCraft Boat (NASDAQ:MCFT - Get Free Report) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued on Wednesday.
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A number of other research analysts have also weighed in on MCFT. Robert W. Baird reissued a "neutral" rating and set a $20.00 target price (down previously from $26.00) on shares of MasterCraft Boat in a research report on Friday, April 4th. B. Riley raised shares of MasterCraft Boat to a "hold" rating in a research note on Wednesday, February 12th. DA Davidson decreased their price objective on MasterCraft Boat from $23.00 to $22.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Truist Financial cut their target price on MasterCraft Boat from $22.00 to $16.00 and set a "hold" rating on the stock in a research note on Monday. Finally, Baird R W downgraded shares of MasterCraft Boat from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $19.60.
Check Out Our Latest Research Report on MCFT
MasterCraft Boat Price Performance
MasterCraft Boat stock traded up $0.26 during midday trading on Wednesday, hitting $15.43. 124,808 shares of the stock were exchanged, compared to its average volume of 140,714. MasterCraft Boat has a 1 year low of $14.39 and a 1 year high of $23.00. The company has a 50 day moving average price of $17.34 and a two-hundred day moving average price of $18.40. The firm has a market cap of $258.50 million, a P/E ratio of -38.57 and a beta of 1.34.
MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.04. MasterCraft Boat had a positive return on equity of 3.74% and a negative net margin of 2.29%. As a group, analysts predict that MasterCraft Boat will post 0.62 EPS for the current year.
Institutional Investors Weigh In On MasterCraft Boat
A number of large investors have recently bought and sold shares of MCFT. SummerHaven Investment Management LLC lifted its position in shares of MasterCraft Boat by 1.9% during the first quarter. SummerHaven Investment Management LLC now owns 43,323 shares of the company's stock valued at $746,000 after purchasing an additional 790 shares in the last quarter. GAMMA Investing LLC increased its holdings in MasterCraft Boat by 6,422.7% during the 1st quarter. GAMMA Investing LLC now owns 8,610 shares of the company's stock worth $148,000 after acquiring an additional 8,478 shares during the period. Squarepoint Ops LLC raised its holdings in shares of MasterCraft Boat by 144.1% in the 4th quarter. Squarepoint Ops LLC now owns 14,534 shares of the company's stock valued at $277,000 after acquiring an additional 47,510 shares in the last quarter. State of Wyoming bought a new position in shares of MasterCraft Boat in the 4th quarter worth $108,000. Finally, Systematic Financial Management LP lifted its stake in MasterCraft Boat by 4.2% during the fourth quarter. Systematic Financial Management LP now owns 1,071,424 shares of the company's stock worth $20,432,000 after purchasing an additional 42,839 shares during the last quarter. 97.64% of the stock is currently owned by institutional investors and hedge funds.
About MasterCraft Boat
(Get Free Report)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.
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