Isthmus Partners LLC Reduces Position in MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Isthmus Partners LLC cut its holdings in shares of MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) by 19.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 118,113 shares of the company’s stock after selling 28,593 shares during the quarter. Isthmus Partners LLC’s holdings in MasterCraft Boat were worth $2,151,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE lifted its holdings in MasterCraft Boat by 64.0% during the third quarter. US Bancorp DE now owns 5,123 shares of the company’s stock valued at $93,000 after purchasing an additional 2,000 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of MasterCraft Boat by 191.7% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,250 shares of the company’s stock valued at $98,000 after buying an additional 3,450 shares during the period. SG Americas Securities LLC bought a new stake in shares of MasterCraft Boat during the third quarter valued at about $126,000. Quest Partners LLC bought a new stake in shares of MasterCraft Boat during the third quarter valued at about $150,000. Finally, Squarepoint Ops LLC bought a new stake in shares of MasterCraft Boat during the second quarter valued at about $190,000. 97.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MCFT has been the topic of several analyst reports. Stifel Nicolaus reiterated a “buy” rating and set a $22.00 price target on shares of MasterCraft Boat in a research report on Friday, August 30th. Truist Financial upped their price target on MasterCraft Boat from $15.00 to $22.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. B. Riley upped their price objective on shares of MasterCraft Boat from $14.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. StockNews.com cut shares of MasterCraft Boat from a “hold” rating to a “sell” rating in a research report on Monday, September 2nd. Finally, DA Davidson upped their price objective on shares of MasterCraft Boat from $17.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $21.25.

MasterCraft Boat Stock Up 0.9 %

Shares of NASDAQ MCFT opened at $21.16 on Friday. MasterCraft Boat Holdings, Inc. has a one year low of $16.12 and a one year high of $24.05. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.28. The firm’s 50 day simple moving average is $18.67 and its two-hundred day simple moving average is $19.26.

MasterCraft Boat (NASDAQ:MCFT) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $65.40 million for the quarter, compared to analysts’ expectations of $61.19 million. During the same period last year, the business earned $0.43 earnings per share. The business’s quarterly revenue was down 37.2% on a year-over-year basis. As a group, sell-side analysts anticipate that MasterCraft Boat Holdings, Inc. will post 0.61 EPS for the current year.

MasterCraft Boat Company Profile

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.