Short Interest in Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) Increases By 30.1%

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 857,616 shares, an increase of 30.1% from the February 26th total of 659,378 shares. Currently, 5.4% of the shares of the company are sold short. Based on an average daily trading volume, of 175,319 shares, the short-interest ratio is currently 4.9 days.

Mastercraft Boat Trading Down 0.4%

Mastercraft Boat stock traded down $0.08 during mid-day trading on Tuesday, hitting $20.51. The company had a trading volume of 164,758 shares, compared to its average volume of 146,681. The company has a market capitalization of $333.90 million, a price-to-earnings ratio of 21.36 and a beta of 1.07. Mastercraft Boat has a 12-month low of $14.39 and a 12-month high of $26.49. The company’s fifty day moving average is $21.86 and its 200-day moving average is $20.79.

Mastercraft Boat (NASDAQ:MCFT) last posted its earnings results on Thursday, February 5th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.13. Mastercraft Boat had a net margin of 5.27% and a return on equity of 9.51%. The firm had revenue of $71.76 million during the quarter, compared to analyst estimates of $68.79 million. During the same period in the previous year, the firm earned $0.10 EPS. The business’s quarterly revenue was up 13.2% on a year-over-year basis. Mastercraft Boat has set its Q3 2026 guidance at 0.350-0.350 EPS and its FY 2026 guidance at 1.450-1.600 EPS. As a group, sell-side analysts expect that Mastercraft Boat will post 0.62 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Fund L.P. Forager sold 30,131 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $23.43, for a total value of $705,969.33. Following the transaction, the insider owned 1,637,774 shares in the company, valued at approximately $38,373,044.82. This represents a 1.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have sold 87,841 shares of company stock valued at $2,069,264. 2.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mastercraft Boat

Several hedge funds have recently modified their holdings of MCFT. New York State Teachers Retirement System purchased a new stake in Mastercraft Boat during the 3rd quarter worth approximately $32,000. State of Alaska Department of Revenue purchased a new stake in shares of Mastercraft Boat during the fourth quarter worth $42,000. State of Wyoming purchased a new stake in shares of Mastercraft Boat during the second quarter worth $61,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Mastercraft Boat in the fourth quarter valued at about $63,000. Finally, Manning & Napier Advisors LLC purchased a new position in shares of Mastercraft Boat in the third quarter worth about $74,000. 97.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Robert W. Baird set a $28.00 price objective on shares of Mastercraft Boat in a report on Friday, February 6th. Zacks Research raised shares of Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 14th. Loop Capital began coverage on shares of Mastercraft Boat in a report on Monday, December 22nd. They issued a “hold” rating and a $21.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mastercraft Boat in a research report on Friday. Finally, Wall Street Zen upgraded Mastercraft Boat from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $23.60.

About Mastercraft Boat

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.