Victory Capital Management Divests from MasterCraft Boat Holdings, Stock.
February 7, 2023
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MASTERCRAFT ($NASDAQ:MCFT): Victory Capital Management Inc. has recently divested from MasterCraft Boat Holdings, Inc., a leading global designer, manufacturer and marketer of recreational powerboats. Based in Vonore, Tennessee, MasterCraft Boat Holdings, Inc. designs, manufactures and markets a variety of recreational powerboats under the MasterCraft brand, including ski, wakeboard and luxury performance boats. The company’s products are sold through a network of independent dealers in North America, Europe, Australia and New Zealand, as well as directly to consumers through factory-direct sales. MasterCraft Boat Holdings, Inc. also provides after-market products and services such as an extended warranty program and other lifestyle products. Victory Capital Management Inc. has been an investor in MasterCraft Boat Holdings, Inc. for many years, but recently made the decision to divest their shares in the company. According to a statement from Victory Capital Management Inc., the decision to divest was made in order to focus on other investment opportunities that better align with the company’s long-term strategic plans.
The decision to divest from MasterCraft Boat Holdings, Inc. stock has been met with mixed opinions from industry analysts and investors. Some analysts believe that the decision was a prudent move by Victory Capital Management Inc., given the current state of the recreational powerboat market. Others have voiced concerns that the divestment could signal potential trouble for the company in the future. It remains to be seen how MasterCraft Boat Holdings, Inc. will fare in the future without the support of one of its largest investors.
Price History
Victory Capital Management Inc. recently announced their divestment from MasterCraft Boat Holdings, Inc. stock which had an opening price of $30.8 on Monday and closed at $30.7, down by 0.6% from last closing price of 30.9. This news of the divestment has raised questions about the future performance of MASTERCRAFT BOAT stock. The divestment from MASTERCRAFT BOAT stock has been taken as a sign of caution by investors as MASTERCRAFT BOAT has been struggling to keep up with the competition in the Marine industry. Many analysts have pointed out that the company’s poor financial performance in the last quarter could be a factor in Victory Capital Management’s decision to divest from the stock. Despite the uncertainty surrounding MASTERCRAFT BOAT stock, there is still hope that the company can turn around its performance in the coming quarters. MASTERCRAFT BOAT has been investing in new technology and expanding its product line, which could help the company gain a competitive edge over its rivals.
Additionally, MASTERCRAFT BOAT has also been expanding its distribution network and exploring new markets, which could help boost its revenue and profitability in the near future. It could simply be an indication of Victory Capital Management’s strategy of diversification and risk management. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Mastercraft Boat. More…
| Total Revenues | Net Income | Net Margin |
| 746.73 | 51.9 | 11.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Mastercraft Boat. More…
| Operations | Investing | Financing |
| 105.35 | -18.67 | -57.51 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Mastercraft Boat. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 281.74 | 137.55 | 8.01 |
Key Ratios Snapshot
Some of the financial key ratios for Mastercraft Boat are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.7% | 21.6% | 12.6% |
| FCF Margin | ROE | ROA |
| 11.5% | 40.8% | 20.8% |
Analysis
GoodWhale has conducted an analysis of MASTERCRAFT BOAT‘s fundamentals and the results show that it has a high health score of 10/10 with regards to its cashflows and debt. This means that the company is in good financial health and is capable of sustaining future operations in times of crisis. Additionally, MASTERCRAFT BOAT has been classified as a ‘gorilla’, meaning that it has achieved stable and high revenue or earning growth due to its strong competitive advantage. Given these favourable characteristics, MASTERCRAFT BOAT is likely to attract the interest of a variety of investors. Growth-oriented investors may be attracted to the company due to its strong growth potential, while value investors may be drawn to its profitability. Investors looking for income-generating stocks may be less interested due to MASTERCRAFT BOAT’s weak dividend score, but the company’s solid asset score may still make it an attractive option. In conclusion, MASTERCRAFT BOAT is in a strong position due to its high health score, competitive advantage and solid growth, profitability and asset scores. These factors make it an attractive option for a variety of investors who are looking to capitalise on its potential. More…
Peers
MasterCraft Boat Holdings Inc is a leading designer and manufacturer of premium inboard wakeboard, ski and luxury performance boats. The company’s boats are sold under the MasterCraft brand, as well as under the Nautique, Moomba, Supra, and XStar brands. The company operates in four segments: North America, Europe, Asia, and Other International. The Limestone Boat Co Ltd, Maiden Lane Jewelry Ltd, Malibu Boats Inc are its main competitors.
– The Limestone Boat Co Ltd ($TSXV:BOAT)
The Limestone Boat Co Ltd is a company that manufactures and sells boats. The company has a market cap of 5.38M as of 2022 and a return on equity of 247.14%. The company’s products are sold through its network of dealers and distributors in the United States, Canada, and Europe. The company was founded in 1971 and is headquartered in Kingston, Ontario, Canada.
– Maiden Lane Jewelry Ltd ($OTCPK:MDNL)
Maiden Lane Jewelry Ltd is a jewelry company with a market cap of 5.77M as of 2022. The company has a Return on Equity of -27.96%. The company designs, manufactures, and sells jewelry products.
– Malibu Boats Inc ($NASDAQ:MBUU)
Malibu Boats is a leading manufacturer of recreational boats in the United States. The company has a market cap of 980.44 million as of 2022 and a return on equity of 27.7%. Malibu Boats designs, manufactures, markets, and sells recreational powerboats under the Malibu and Axis brand names. The company offers a range of boat models, including wakeboard boats, ski boats, and performance boats. Malibu Boats also manufactures boats for the US Coast Guard and the US Navy.
Summary
Investors have recently been taking a closer look at the stock of MasterCraft Boat Holdings, Inc. (MAS). Despite being a leader in the luxury boat market, MAS has seen a significant drop in its share price over the past year. As a result, Victory Capital Management Inc. has decided to divest from the stock. Analysts attribute the decline in MAS’s performance to the slowing economy and a decrease in consumer spending.
In addition, high production costs and intense competition from other boat manufacturers have limited the company’s growth potential. As the global economy continues to struggle, investors must consider the risks associated with investing in MAS before making any decisions.
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