Mastercraft Boat (NASDAQ:MCFT) Major Shareholder Purchases $1,504,040.00 in Stock

by · The Markets Daily

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT – Get Free Report) major shareholder Coliseum Capital Management, L purchased 76,000 shares of the company’s stock in a transaction dated Friday, December 19th. The shares were purchased at an average cost of $19.79 per share, for a total transaction of $1,504,040.00. Following the transaction, the insider directly owned 3,672,422 shares in the company, valued at approximately $72,677,231.38. This represents a 2.11% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more 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 Monday, December 22nd, Coliseum Capital Management, L acquired 25,000 shares of Mastercraft Boat stock. The stock was purchased at an average price of $19.66 per share, with a total value of $491,500.00.
  • On Thursday, December 18th, Coliseum Capital Management, L bought 33,807 shares of Mastercraft Boat stock. The shares were acquired at an average price of $19.34 per share, for a total transaction of $653,827.38.

Mastercraft Boat Stock Performance

NASDAQ MCFT opened at $19.51 on Thursday. Mastercraft Boat Holdings, Inc. has a one year low of $14.39 and a one year high of $23.93. The company has a market capitalization of $317.74 million, a price-to-earnings ratio of 20.11 and a beta of 1.09. The company’s 50-day simple moving average is $19.51 and its two-hundred day simple moving average is $20.11.

Mastercraft Boat (NASDAQ:MCFT – Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.12. The firm had revenue of $69.00 million during the quarter, compared to analysts’ expectations of $66.96 million. Mastercraft Boat had a net margin of 5.50% and a return on equity of 8.09%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.12 EPS. Mastercraft Boat has set its FY 2026 guidance at 1.180-1.430 EPS and its Q2 2026 guidance at 0.160-0.160 EPS. Equities analysts expect that Mastercraft Boat Holdings, Inc. will post 0.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MCFT has been the subject of several recent research reports. Zacks Research lowered Mastercraft Boat from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th. B. Riley lifted their target price on Mastercraft Boat from $17.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, August 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Mastercraft Boat in a research report on Monday. Wall Street Zen upgraded shares of Mastercraft Boat from a “buy” rating to a “strong-buy” rating in a report on Sunday. Finally, Robert W. Baird boosted their price objective on shares of Mastercraft Boat from $20.00 to $24.00 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. One equities research analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $22.67.

View Our Latest Stock Report on Mastercraft Boat

Institutional Investors Weigh In On Mastercraft Boat

Large investors have recently modified their holdings of the business. Bank of America Corp DE raised its position in shares of Mastercraft Boat by 38.9% in the 3rd quarter. Bank of America Corp DE now owns 30,561 shares of the company’s stock valued at $656,000 after purchasing an additional 8,551 shares during the last quarter. Algert Global LLC purchased a new stake in Mastercraft Boat during the 3rd quarter worth approximately $288,000. Alliancebernstein L.P. increased its stake in Mastercraft Boat by 274.0% during the 3rd quarter. Alliancebernstein L.P. now owns 65,890 shares of the company’s stock valued at $1,414,000 after purchasing an additional 48,270 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of Mastercraft Boat in the third quarter worth $553,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Mastercraft Boat by 212.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 220,819 shares of the company’s stock worth $4,739,000 after buying an additional 150,125 shares during the period. Hedge funds and other institutional investors own 97.64% of the company’s stock.

Mastercraft Boat Company Profile

(Get Free Report)

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.

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