A number of other brokerages have also weighed in on MCFT. B. Riley cut their target price on shares of MasterCraft Boat from $37.00 to $31.00 and set a buy rating on the stock in a research note on Tuesday, October 25th. Robert W. Baird dropped their price objective on shares of MasterCraft Boat from $32.00 to $30.00 in a research note on Friday, September 9th. Stifel Nicolaus dropped their price objective on shares of MasterCraft Boat from $31.00 to $29.00 in a research note on Thursday, October 20th. Finally, Raymond James boosted their price objective on shares of MasterCraft Boat from $29.00 to $31.00 and gave the stock an outperform rating in a research note on Thursday, November 10th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, MasterCraft Boat has an average rating of Buy and a consensus target price of $29.40.
MasterCraft Boat Price Performance
MCFT stock opened at $25.02 on Monday. The firm’s 50-day moving average price is $21.68 and its two-hundred day moving average price is $22.68. MasterCraft Boat has a 12-month low of $18.49 and a 12-month high of $29.69. The stock has a market capitalization of $445.36 million, a price-to-earnings ratio of 8.94 and a beta of 1.81. The company has a current ratio of 1.73, a quick ratio of 0.85 and a debt-to-equity ratio of 0.36.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. raised its holdings in MasterCraft Boat by 62.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 95,588 shares of the company’s stock worth $1,802,000 after buying an additional 36,730 shares during the last quarter. Two Sigma Advisers LP raised its holdings in MasterCraft Boat by 19.1% in the third quarter. Two Sigma Advisers LP now owns 13,700 shares of the company’s stock worth $258,000 after buying an additional 2,200 shares during the last quarter. Trexquant Investment LP purchased a new position in MasterCraft Boat in the third quarter worth about $546,000. Prelude Capital Management LLC purchased a new position in MasterCraft Boat in the third quarter worth about $216,000. Finally, Price T Rowe Associates Inc. MD purchased a new position in MasterCraft Boat in the third quarter worth about $230,000. 89.33% of the stock is owned by hedge funds and other institutional investors.
About MasterCraft Boat
MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates through four segments: MasterCraft, Crest, NauticStar, and Aviara. The MasterCraft segment produces recreational performance sport boats, which are used for water skiing, wakeboarding, and wake surfing, as well as general recreational boating.
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