Hibbet Sports, Invesco, Lions Gate, and More Stocks See Action From Activist Investors
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 21 2024
0mins
Source: Barron's
- Lions Gate: Liberty 77 Capital increased its stake in Lions Gate Entertainment to 11% by purchasing over 1.2 million shares.
- Mastercraft Boat Holdings: Coliseum Capital Management raised its stake in the recreational powerboat maker to 19.2% by acquiring 191,181 shares.
- USA Compression Partners: EIG Veteran Equity Aggregator reduced its stake in the natural-gas compression services provider by selling over 3 million shares.
- Invesco: Trian Fund Management decreased its stake in the investment management firm to 6.1% after selling over 6.6 million shares.
- nCino: Insight Venture Partners X lowered its stake in the cloud-based software firm to 23.6% by selling nearly 1.9 million shares.
Analyst Views on MCFT
About MCFT
MasterCraft Boat Holdings, Inc. is a designer, manufacturer and marketer of recreational powerboats through its three brands, MasterCraft, Crest and Aviara. It designs, manufactures and sells premium recreational inboard ski/wake, outboard and sterndrive boats. In addition, it offers various accessories, including trailers and aftermarket parts. The Company’s segments include MasterCraft, Pontoon, and Aviara. The MasterCraft segment consists of its MasterCraft brand, which manufactures premium ski/wake boats. MasterCraft participates in a category within the powerboat industry by manufacturing the industry’s premier competitive water ski, wakeboarding, and wake surfing performance boats. The Pontoon segment manufactures and sells pontoon boats and consists of its Crest brand and Balise brand. The Pontoon segment participates in the largest unit producing category in the powerboat industry. The Aviara segment manufactures and sells luxury day boats and consists of the Aviara brand.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
