UBS Group AG Purchases 61,120 Shares of Mastercraft Boat Holdings, Inc. $MCFT

UBS Group AG lifted its position in shares of Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) by 130.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 107,912 shares of the company’s stock after acquiring an additional 61,120 shares during the quarter. UBS Group AG owned approximately 0.66% of Mastercraft Boat worth $2,041,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. State of Alaska Department of Revenue bought a new position in shares of Mastercraft Boat during the 4th quarter worth $42,000. Ellsworth Advisors LLC bought a new position in shares of Mastercraft Boat during the 4th quarter worth $523,000. JPMorgan Chase & Co. grew its stake in shares of Mastercraft Boat by 1,252.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 112,930 shares of the company’s stock worth $2,423,000 after acquiring an additional 104,577 shares during the period. Bank of America Corp DE grew its stake in shares of Mastercraft Boat by 38.9% during the 3rd quarter. Bank of America Corp DE now owns 30,561 shares of the company’s stock worth $656,000 after acquiring an additional 8,551 shares during the period. Finally, Algert Global LLC bought a new position in shares of Mastercraft Boat during the 3rd quarter worth $288,000. Institutional investors own 97.64% of the company’s stock.

Wall Street Analyst Weigh In

MCFT has been the subject of several research reports. B. Riley Financial reiterated a “neutral” rating on shares of Mastercraft Boat in a research note on Friday, February 6th. Truist Financial increased their price target on Mastercraft Boat from $21.00 to $25.00 and gave the stock a “hold” rating in a research note on Monday, April 27th. Weiss Ratings cut Mastercraft Boat from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Robert W. Baird set a $30.00 price objective on Mastercraft Boat in a report on Friday, May 8th. Finally, Zacks Research raised Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $24.80.

Mastercraft Boat Stock Up 0.4%

MCFT stock opened at $24.03 on Friday. The stock has a 50-day simple moving average of $22.63 and a two-hundred day simple moving average of $21.29. Mastercraft Boat Holdings, Inc. has a twelve month low of $16.46 and a twelve month high of $28.44. The firm has a market capitalization of $391.21 million, a PE ratio of 35.34 and a beta of 1.09.

Mastercraft Boat (NASDAQ:MCFT) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.09. Mastercraft Boat had a return on equity of 10.56% and a net margin of 3.72%.The firm had revenue of $78.21 million for the quarter, compared to analysts’ expectations of $75.55 million. During the same quarter last year, the firm posted $0.30 EPS. The company’s revenue was up 2.9% compared to the same quarter last year. Mastercraft Boat has set its FY 2026 guidance at 1.650-1.650 EPS. On average, equities research analysts anticipate that Mastercraft Boat Holdings, Inc. will post 1.54 EPS for the current fiscal year.

Mastercraft Boat Profile

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.