In a filing, MasterCraft Boat Holdings Inc revealed its 10% Owner Coliseum Capital Management, L acquired Company’s shares for reported $0.87 million on Jun 21 ’24. In the deal valued at $19.39 per share,45,000 shares were bought. As a result of this transaction, Coliseum Capital Management, L now holds 3,334,208 shares worth roughly $55.51 million.
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Then, Coliseum Capital Management, L bought 38,462 shares, generating $753,086 in total proceeds. Upon buying the shares at $19.58, the 10% Owner now owns 3,372,670 shares.
Before that, Coliseum Capital Management, L bought 24,054 shares. MasterCraft Boat Holdings Inc shares valued at $469,775 were divested by the 10% Owner at a price of $19.53 per share. As a result of the transaction, Coliseum Capital Management, L now holds 3,289,208 shares, worth roughly $54.77 million.
B. Riley Securities downgraded its MasterCraft Boat Holdings Inc [MCFT] rating to a Neutral from a a Buy in a research note published on August 31, 2023; the price target was decreased to $23 from $37. A number of analysts have revised their coverage, including DA Davidson’s analysts, who began to cover the stock in late May with a ‘”a Neutral”‘ rating. KeyBanc Capital Markets began covering MCFT with “Sector weight” recommendation on April 19, 2023. Stifel started covering the stock on August 19, 2022. It rated MCFT as “a Buy”.
Price Performance Review of MCFT
On Tuesday, MasterCraft Boat Holdings Inc [NASDAQ:MCFT] saw its stock fall -3.31% to $16.65. Over the last five days, the stock has lost -5.02%. MasterCraft Boat Holdings Inc shares have fallen nearly -26.46% since the year began. Nevertheless, the stocks have fallen -21.90% over the past one year. While a 52-week high of $24.05 was reached on 04/01/24, a 52-week low of $17.21 was recorded on 09/10/24. SMA at 50 days reached $19.32, while 200 days put it at $20.74.
Levels Of Support And Resistance For MCFT Stock
The 24-hour chart illustrates a support level at 16.26, which if violated will result in even more drops to 15.87. On the upside, there is a resistance level at 17.13. A further resistance level may holdings at 17.61. The Relative Strength Index (RSI) on the 14-day chart is 30.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.32%. Stochastics %K at 5.54% indicates the stock is a buying.
How much short interest is there in MasterCraft Boat Holdings Inc?
A steep rise in short interest was recorded in MasterCraft Boat Holdings Inc stocks on 2024-08-15, dropping by -0.22 million shares to a total of 1.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 1.47 million shares. There was a decline of -17.55%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 28, 2022 when B. Riley Securities resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $47.
