MCBC (MCFT) Upgraded by BidaskClub to Hold

BidaskClub upgraded shares of MCBC (NASDAQ:MCFT) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of MCBC from a sell rating to a hold rating in a report on Wednesday. B. Riley upped their price target on shares of MCBC from $24.00 to $28.00 and gave the stock a buy rating in a report on Monday, December 18th. ValuEngine cut shares of MCBC from a buy rating to a hold rating in a report on Friday, December 1st. Robert W. Baird reaffirmed a buy rating on shares of MCBC in a report on Friday, November 10th. Finally, Aegis assumed coverage on shares of MCBC in a report on Monday, October 2nd. They issued a buy rating and a $26.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. MCBC currently has a consensus rating of Buy and an average target price of $26.33.

MCBC (MCFT) traded up $0.53 during trading hours on Friday, hitting $22.51. The company’s stock had a trading volume of 86,140 shares, compared to its average volume of 157,309. The stock has a market capitalization of $420.44, a P/E ratio of 20.28, a P/E/G ratio of 0.95 and a beta of 1.25. MCBC has a 12-month low of $13.67 and a 12-month high of $23.99. The company has a current ratio of 0.78, a quick ratio of 0.51 and a debt-to-equity ratio of 1.54.

MCBC (NASDAQ:MCFT) last posted its earnings results on Friday, November 10th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. The firm had revenue of $65.00 million for the quarter, compared to the consensus estimate of $62.84 million. MCBC had a return on equity of 213.34% and a net margin of 8.43%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.41 earnings per share. equities analysts forecast that MCBC will post 1.58 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in MCFT. Hood River Capital Management LLC bought a new position in shares of MCBC in the second quarter worth $8,167,000. Schwab Charles Investment Management Inc. increased its stake in MCBC by 663.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 228,382 shares of the company’s stock valued at $5,075,000 after acquiring an additional 198,482 shares during the last quarter. Renaissance Technologies LLC increased its stake in MCBC by 32.6% in the second quarter. Renaissance Technologies LLC now owns 772,900 shares of the company’s stock valued at $15,110,000 after acquiring an additional 189,900 shares during the last quarter. Dalton Greiner Hartman Maher & Co. bought a new position in MCBC in the fourth quarter valued at $3,893,000. Finally, Goldman Sachs Group Inc. increased its stake in MCBC by 176.8% in the second quarter. Goldman Sachs Group Inc. now owns 238,631 shares of the company’s stock valued at $4,665,000 after acquiring an additional 152,415 shares during the last quarter. 93.95% of the stock is currently owned by hedge funds and other institutional investors.

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About MCBC

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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