Two Sigma Investments LP Has $168,000 Holdings in Mastercraft Boat Holdings Inc (NASDAQ:MCFT)

Two Sigma Investments LP decreased its position in Mastercraft Boat Holdings Inc (NASDAQ:MCFT) by 84.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 22,965 shares of the company’s stock after selling 122,647 shares during the period. Two Sigma Investments LP owned about 0.12% of Mastercraft Boat worth $168,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of MCFT. California Public Employees Retirement System acquired a new stake in Mastercraft Boat during the 4th quarter valued at $284,000. Victory Capital Management Inc. grew its holdings in shares of Mastercraft Boat by 56.5% during the fourth quarter. Victory Capital Management Inc. now owns 11,554 shares of the company’s stock valued at $203,000 after buying an additional 4,171 shares in the last quarter. Swiss National Bank raised its position in Mastercraft Boat by 2.9% during the fourth quarter. Swiss National Bank now owns 35,800 shares of the company’s stock valued at $564,000 after buying an additional 1,000 shares during the period. State Street Corp lifted its stake in Mastercraft Boat by 3.2% in the 4th quarter. State Street Corp now owns 383,798 shares of the company’s stock worth $6,045,000 after acquiring an additional 11,929 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in Mastercraft Boat by 13.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,950 shares of the company’s stock worth $156,000 after acquiring an additional 1,150 shares during the period. 88.87% of the stock is owned by hedge funds and other institutional investors.

MCFT has been the subject of a number of research analyst reports. Raymond James increased their price target on shares of Mastercraft Boat from $16.50 to $18.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 16th. BidaskClub upgraded shares of Mastercraft Boat from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 18th. ValuEngine raised shares of Mastercraft Boat from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Zacks Investment Research downgraded shares of Mastercraft Boat from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, B. Riley reissued a “buy” rating and set a $25.00 price objective (up previously from $23.00) on shares of Mastercraft Boat in a research report on Friday, June 19th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $17.00.

NASDAQ MCFT opened at $18.94 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 1.50 and a debt-to-equity ratio of 2.53. The stock has a market capitalization of $340.83 million, a PE ratio of -11.34 and a beta of 2.37. Mastercraft Boat Holdings Inc has a 12-month low of $4.90 and a 12-month high of $21.28. The company has a 50 day moving average price of $15.56 and a two-hundred day moving average price of $13.85.

Mastercraft Boat (NASDAQ:MCFT) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.05). The business had revenue of $102.56 million for the quarter, compared to the consensus estimate of $105.36 million. Mastercraft Boat had a negative net margin of 7.19% and a positive return on equity of 57.30%. As a group, equities analysts anticipate that Mastercraft Boat Holdings Inc will post 1.11 EPS for the current year.

Mastercraft Boat 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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Institutional Ownership by Quarter for Mastercraft Boat (NASDAQ:MCFT)

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