MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Major Shareholder Acquires $3,671,961.56 in Stock

MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) major shareholder Coliseum Capital Management, L acquired 175,022 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were acquired at an average price of $20.98 per share, with a total value of $3,671,961.56. Following the completion of the purchase, the insider now owns 2,865,540 shares of the company’s stock, valued at $60,119,029.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Coliseum Capital Management, L also recently made the following trade(s):

• On Monday, May 20th, Coliseum Capital Management, L bought 105,000 shares of MasterCraft Boat stock. The shares were acquired at an average price of $20.75 per share, for a total transaction of $2,178,750.00.
• On Friday, May 10th, Coliseum Capital Management, L purchased 22,484 shares of MasterCraft Boat stock. The stock was bought at an average price of $20.36 per share, with a total value of $457,774.24.
• On Wednesday, May 8th, Coliseum Capital Management, L acquired 47,500 shares of MasterCraft Boat stock. The shares were bought at an average price of $19.13 per share, for a total transaction of $908,675.00.
• On Monday, April 22nd, Coliseum Capital Management, L bought 26,039 shares of MasterCraft Boat stock. The shares were bought at an average price of $21.34 per share, for a total transaction of $555,672.26.
• On Thursday, April 18th, Coliseum Capital Management, L purchased 107,083 shares of MasterCraft Boat stock. The stock was bought at an average price of $20.81 per share, with a total value of $2,228,397.23.
• On Friday, April 12th, Coliseum Capital Management, L acquired 60,000 shares of MasterCraft Boat stock. The shares were purchased at an average price of $21.84 per share, for a total transaction of $1,310,400.00.
• On Wednesday, April 10th, Coliseum Capital Management, L bought 11,308 shares of MasterCraft Boat stock. The stock was purchased at an average price of $21.63 per share, with a total value of $244,592.04.
• On Monday, March 18th, Coliseum Capital Management, L purchased 118,620 shares of MasterCraft Boat stock. The shares were purchased at an average cost of $21.84 per share, for a total transaction of $2,590,660.80.
• On Thursday, March 14th, Coliseum Capital Management, L acquired 24,167 shares of MasterCraft Boat stock. The stock was purchased at an average cost of $20.72 per share, with a total value of $500,740.24.

MasterCraft Boat Stock Up 4.2 %

NASDAQ:MCFT opened at $21.39 on Friday. The stock has a 50-day simple moving average of $21.47 and a 200 day simple moving average of $21.38. MasterCraft Boat Holdings, Inc. has a one year low of $18.01 and a one year high of $31.70. The company has a market capitalization of $363.20 million, a price-to-earnings ratio of 9.64 and a beta of 1.65. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.54 and a current ratio of 2.02.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Stifel Nicolaus dropped their target price on MasterCraft Boat from $27.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. B. Riley dropped their price objective on MasterCraft Boat from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Tuesday, April 16th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $24.00.

Institutional Investors Weigh In On MasterCraft Boat

Institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP boosted its holdings in MasterCraft Boat by 11.2% in the fourth quarter. Wellington Management Group LLP now owns 590,100 shares of the company’s stock worth $13,360,000 after purchasing an additional 59,200 shares during the period. AQR Capital Management LLC grew its position in shares of MasterCraft Boat by 29.6% during the 3rd quarter. AQR Capital Management LLC now owns 412,977 shares of the company’s stock valued at $9,176,000 after buying an additional 94,420 shares during the last quarter. Wasatch Advisors LP raised its stake in MasterCraft Boat by 34.2% during the first quarter. Wasatch Advisors LP now owns 381,471 shares of the company’s stock worth $9,048,000 after acquiring an additional 97,170 shares during the period. American Century Companies Inc. lifted its holdings in MasterCraft Boat by 15.8% in the third quarter. American Century Companies Inc. now owns 258,634 shares of the company’s stock worth $5,747,000 after acquiring an additional 35,374 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its stake in MasterCraft Boat by 0.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 212,562 shares of the company’s stock valued at $4,723,000 after acquiring an additional 617 shares during the period. 97.64% of the stock is currently owned by institutional investors.

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.