BidaskClub cut shares of MCBC (NASDAQ:MCFT) from a buy rating to a hold rating in a research report sent to investors on Thursday morning.
A number of other research analysts have also recently commented on the company. KeyCorp started coverage on MCBC in a research note on Wednesday, August 30th. They set an overweight rating on the stock. Robert W. Baird reaffirmed a buy rating on shares of MCBC in a research note on Friday, November 10th. B. Riley reaffirmed a buy rating and set a $24.00 target price on shares of MCBC in a research note on Friday, November 10th. Zacks Investment Research raised MCBC from a hold rating to a buy rating and set a $25.00 target price on the stock in a research note on Thursday, November 9th. Finally, TheStreet raised MCBC from a d+ rating to a b- rating in a research note on Thursday, September 7th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. MCBC has a consensus rating of Buy and an average price target of $25.00.
MCBC (NASDAQ MCFT) traded down $0.33 on Thursday, hitting $22.08. The stock had a trading volume of 179,100 shares, compared to its average volume of 153,944. The company has a market capitalization of $414.10 and a PE ratio of 20.19. MCBC has a 1 year low of $13.67 and a 1 year high of $23.99. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.51 and a current ratio of 0.78.
MCBC (NASDAQ:MCFT) last released its earnings results on Friday, November 10th. The company reported $0.40 EPS for the quarter, meeting analysts’ consensus estimates of $0.40. The firm had revenue of $65.00 million for the quarter, compared to analysts’ expectations of $62.84 million. MCBC had a return on equity of 213.34% and a net margin of 8.43%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 earnings per share. sell-side analysts expect that MCBC will post 1.57 EPS for the current year.
Large investors have recently made changes to their positions in the stock. Chicago Equity Partners LLC grew its stake in MCBC by 8.6% in the third quarter. Chicago Equity Partners LLC now owns 80,750 shares of the company’s stock worth $1,646,000 after purchasing an additional 6,410 shares in the last quarter. Nationwide Fund Advisors grew its stake in MCBC by 222.1% in the second quarter. Nationwide Fund Advisors now owns 13,969 shares of the company’s stock worth $273,000 after purchasing an additional 9,632 shares in the last quarter. Vanguard Group Inc. grew its stake in MCBC by 23.4% in the first quarter. Vanguard Group Inc. now owns 941,794 shares of the company’s stock worth $15,229,000 after purchasing an additional 178,652 shares in the last quarter. Rhumbline Advisers bought a new position in MCBC in the second quarter worth approximately $371,000. Finally, Northern Trust Corp grew its stake in MCBC by 105.9% in the second quarter. Northern Trust Corp now owns 204,206 shares of the company’s stock worth $3,993,000 after purchasing an additional 105,026 shares in the last quarter. 93.95% of the stock is currently owned by institutional investors.
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MCBC Holdings, Inc (MCBC) is a holding company. The Company is a designer and manufacturer of inboard tournament ski boats and V-drive runabouts under the MasterCraft brand. The Company operates through two segments: MasterCraft and Hydra-Sports. The MasterCraft product brand consists of recreational performance boats primarily used for water skiing, wakeboarding and wake surfing, and general recreational boating.
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