Metropolitan Life Insurance Co. NY raised its stake in Mastercraft Boat Holdings Inc (NASDAQ:MCFT) by 354.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,527 shares of the company’s stock after acquiring an additional 5,092 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Mastercraft Boat were worth $122,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Great West Life Assurance Co. Can purchased a new stake in shares of Mastercraft Boat in the fourth quarter valued at approximately $62,000. Citigroup Inc. increased its position in shares of Mastercraft Boat by 9.2% in the fourth quarter. Citigroup Inc. now owns 5,968 shares of the company’s stock valued at $112,000 after buying an additional 502 shares in the last quarter. Brandywine Global Investment Management LLC increased its position in shares of Mastercraft Boat by 11.1% in the fourth quarter. Brandywine Global Investment Management LLC now owns 10,040 shares of the company’s stock valued at $188,000 after buying an additional 1,000 shares in the last quarter. Menta Capital LLC increased its position in shares of Mastercraft Boat by 34.3% in the fourth quarter. Menta Capital LLC now owns 11,670 shares of the company’s stock valued at $218,000 after buying an additional 2,978 shares in the last quarter. Finally, Jefferies Group LLC purchased a new stake in shares of Mastercraft Boat in the third quarter valued at approximately $224,000. 90.60% of the stock is owned by institutional investors.
Shares of MCFT opened at $23.89 on Friday. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.89 and a quick ratio of 0.46. Mastercraft Boat Holdings Inc has a one year low of $17.60 and a one year high of $39.50. The company has a market cap of $447.41 million, a P/E ratio of 11.77, a PEG ratio of 0.59 and a beta of 1.67.
Mastercraft Boat (NASDAQ:MCFT) last issued its quarterly earnings results on Thursday, February 7th. The company reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.05. Mastercraft Boat had a return on equity of 80.59% and a net margin of 10.69%. The firm had revenue of $121.50 million during the quarter, compared to analysts’ expectations of $112.54 million. During the same period in the previous year, the business earned $0.42 earnings per share. The firm’s revenue for the quarter was up 55.0% on a year-over-year basis. As a group, equities analysts predict that Mastercraft Boat Holdings Inc will post 2.69 EPS for the current year.
MCFT has been the subject of a number of recent analyst reports. BidaskClub upgraded Mastercraft Boat from a “strong sell” rating to a “sell” rating in a research report on Saturday, January 19th. ValuEngine upgraded Mastercraft Boat from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 2nd. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Mastercraft Boat presently has a consensus rating of “Buy” and an average target price of $38.00.
Mastercraft Boat Company Profile
MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. The company operates in two segments, MasterCraft and NauticStar. It offers sport boats and outboard boats, which are used for water skiing, wakeboarding, wake surfing, and fishing, as well as general recreational boating.
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