Harel Insurance Investments & Financial Services Ltd. Purchases 6,300 Shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Harel Insurance Investments & Financial Services Ltd. raised its position in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) by 106.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,200 shares of the company’s stock after buying an additional 6,300 shares during the quarter. Harel Insurance Investments & Financial Services Ltd. owned about 0.07% of MasterCraft Boat worth $233,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Forager Capital Management LLC grew its stake in MasterCraft Boat by 29.9% in the 3rd quarter. Forager Capital Management LLC now owns 1,697,695 shares of the company’s stock valued at $30,915,000 after buying an additional 390,405 shares in the last quarter. Systematic Financial Management LP raised its stake in shares of MasterCraft Boat by 6.8% during the 3rd quarter. Systematic Financial Management LP now owns 1,028,585 shares of the company’s stock valued at $18,731,000 after purchasing an additional 65,412 shares during the period. Dimensional Fund Advisors LP lifted its holdings in MasterCraft Boat by 13.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 714,208 shares of the company’s stock worth $13,484,000 after purchasing an additional 82,509 shares in the last quarter. Renaissance Technologies LLC boosted its stake in MasterCraft Boat by 0.7% in the 2nd quarter. Renaissance Technologies LLC now owns 214,400 shares of the company’s stock worth $4,048,000 after purchasing an additional 1,400 shares during the period. Finally, Empowered Funds LLC grew its holdings in MasterCraft Boat by 2.1% during the 3rd quarter. Empowered Funds LLC now owns 192,029 shares of the company’s stock valued at $3,497,000 after buying an additional 4,036 shares in the last quarter. Hedge funds and other institutional investors own 97.64% of the company’s stock.

MasterCraft Boat Price Performance

MCFT stock opened at $18.59 on Friday. The firm has a 50 day simple moving average of $19.48 and a two-hundred day simple moving average of $19.05. The stock has a market cap of $312.31 million, a PE ratio of -80.83 and a beta of 1.67. MasterCraft Boat Holdings, Inc. has a one year low of $16.12 and a one year high of $24.05. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.49.

MasterCraft Boat (NASDAQ:MCFT) last announced its earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.09. MasterCraft Boat had a negative net margin of 1.08% and a positive return on equity of 6.55%. The company had revenue of $65.40 million during the quarter, compared to analyst estimates of $61.19 million. During the same period in the previous year, the business earned $0.43 earnings per share. The firm’s quarterly revenue was down 37.2% compared to the same quarter last year. On average, analysts predict that MasterCraft Boat Holdings, Inc. will post 0.61 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MCFT. StockNews.com raised shares of MasterCraft Boat from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. DA Davidson increased their target price on shares of MasterCraft Boat from $17.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. B. Riley boosted their price target on shares of MasterCraft Boat from $14.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Truist Financial lowered their price objective on MasterCraft Boat from $22.00 to $20.00 and set a “hold” rating on the stock in a research report on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $20.75.

Insider Activity

In other MasterCraft Boat news, major shareholder Coliseum Capital Management, L acquired 55,000 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was bought at an average price of $18.83 per share, with a total value of $1,035,650.00. Following the purchase, the insider now owns 3,562,615 shares of the company’s stock, valued at approximately $67,084,040.45. This trade represents a 1.57 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 4.00% of the company’s stock.

About MasterCraft Boat

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.