Mastercraft Boat Holdings Inc (NASDAQ:MCFT) was the target of a large drop in short interest in July. As of July 15th, there was short interest totalling 697,600 shares, a drop of 18.6% from the June 15th total of 856,900 shares. Based on an average trading volume of 195,700 shares, the short-interest ratio is currently 3.6 days. Approximately 3.8% of the company’s stock are short sold.

Several equities research analysts have recently weighed in on the company. B. Riley set a $6.00 target price on Intevac and gave the stock a “hold” rating in a research report on Friday, July 19th. ValuEngine raised XOMA from a “sell” rating to a “hold” rating in a research report on Friday, May 24th. BidaskClub lowered YY from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Raymond James lifted their price target on Franco Nevada from $94.00 to $98.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. Finally, Zacks Investment Research lowered Zafgen from a “buy” rating to a “hold” rating in a research report on Saturday, July 20th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Mastercraft Boat presently has a consensus rating of “Hold” and a consensus price target of $34.83.

In other news, Director Frederick A. Brightbill sold 5,000 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $20.84, for a total transaction of $104,200.00. Following the sale, the director now owns 29,323 shares of the company’s stock, valued at approximately $611,091.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Patrick May bought 4,185 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were acquired at an average cost of $24.06 per share, for a total transaction of $100,691.10. Following the transaction, the insider now directly owns 5,744 shares in the company, valued at approximately $138,200.64. The disclosure for this purchase can be found here. 2.79% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in the business. Royce & Associates LP grew its stake in shares of Mastercraft Boat by 8.0% in the 1st quarter. Royce & Associates LP now owns 648,708 shares of the company’s stock valued at $14,641,000 after purchasing an additional 47,893 shares during the last quarter. Systematic Financial Management LP grew its stake in shares of Mastercraft Boat by 14.2% in the 2nd quarter. Systematic Financial Management LP now owns 574,145 shares of the company’s stock valued at $11,247,000 after purchasing an additional 71,407 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Mastercraft Boat by 15.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 569,062 shares of the company’s stock valued at $10,642,000 after purchasing an additional 76,305 shares during the last quarter. Rice Hall James & Associates LLC grew its stake in shares of Mastercraft Boat by 628.9% in the 1st quarter. Rice Hall James & Associates LLC now owns 564,808 shares of the company’s stock valued at $12,748,000 after purchasing an additional 487,325 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. grew its stake in shares of Mastercraft Boat by 11.3% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 324,725 shares of the company’s stock valued at $7,329,000 after purchasing an additional 33,000 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

Shares of MCFT stock traded up $0.28 during midday trading on Friday, hitting $16.60. The company had a trading volume of 281,339 shares, compared to its average volume of 271,639. The stock has a 50 day simple moving average of $20.06. Mastercraft Boat has a 52-week low of $16.26 and a 52-week high of $39.50. The firm has a market capitalization of $305.58 million, a PE ratio of 8.18, a price-to-earnings-growth ratio of 0.56 and a beta of 1.66. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.38 and a current ratio of 0.79.

Mastercraft Boat (NASDAQ:MCFT) last announced its earnings results on Thursday, May 9th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.13. Mastercraft Boat had a return on equity of 73.69% and a net margin of 10.15%. The company had revenue of $128.40 million for the quarter, compared to the consensus estimate of $122.72 million. During the same period last year, the business posted $0.56 EPS. The company’s revenue was up 36.9% on a year-over-year basis. Analysts forecast that Mastercraft Boat will post 2.71 EPS for the current fiscal year.

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.

Featured Story: What Are Treasury Bonds?

Receive News & Ratings for Mastercraft Boat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercraft Boat and related companies with MarketBeat.com's FREE daily email newsletter.