Victory Capital Management Inc. reduced its holdings in shares of Mastercraft Boat Holdings Inc (NASDAQ:MCFT) by 63.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,899 shares of the company’s stock after selling 5,034 shares during the period. Victory Capital Management Inc.’s holdings in Mastercraft Boat were worth $57,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Swiss National Bank grew its stake in Mastercraft Boat by 2.1% in the 2nd quarter. Swiss National Bank now owns 34,800 shares of the company’s stock valued at $682,000 after buying an additional 700 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Mastercraft Boat by 0.3% during the 2nd quarter. Northern Trust Corp now owns 220,625 shares of the company’s stock worth $4,322,000 after acquiring an additional 737 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Mastercraft Boat during the 2nd quarter worth $25,000. BNP Paribas Arbitrage SA bought a new stake in shares of Mastercraft Boat during the 2nd quarter worth $42,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Mastercraft Boat by 5.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 43,750 shares of the company’s stock worth $858,000 after acquiring an additional 2,442 shares during the last quarter. Hedge funds and other institutional investors own 94.50% of the company’s stock.
Mastercraft Boat stock opened at $14.27 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.79 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $273.29 million, a PE ratio of 5.29, a P/E/G ratio of 0.59 and a beta of 1.67. The firm has a fifty day simple moving average of $14.96 and a two-hundred day simple moving average of $19.36. Mastercraft Boat Holdings Inc has a twelve month low of $13.33 and a twelve month high of $37.58.
MCFT has been the subject of a number of research analyst reports. Raymond James downgraded shares of Mastercraft Boat from a “strong-buy” rating to a “market perform” rating in a report on Monday, July 22nd. SunTrust Banks dropped their price objective on shares of Mastercraft Boat from $18.00 to $15.00 and set a “hold” rating for the company in a report on Friday, September 13th. BidaskClub raised shares of Mastercraft Boat from a “sell” rating to a “hold” rating in a report on Wednesday, September 18th. ValuEngine raised shares of Mastercraft Boat from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research downgraded shares of Mastercraft Boat from a “hold” rating to a “sell” rating in a research note on Saturday, July 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $23.50.
About Mastercraft Boat
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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