MCBC Holdings Inc. (MCFT) Sees Large Volume Increase
Shares of MCBC Holdings Inc. (NASDAQ:MCFT) saw unusually-strong trading volume on Tuesday . Approximately 223,312 shares traded hands during mid-day trading, an increase of 3% from the previous session’s volume of 217,589 shares.The stock last traded at $11.36 and had previously closed at $11.38.
MCFT has been the subject of several research analyst reports. Wunderlich cut their price objective on MCBC Holdings from $20.00 to $18.00 and set a “buy” rating for the company in a report on Friday, May 27th. Zacks Investment Research lowered MCBC Holdings from a “buy” rating to a “hold” rating in a report on Thursday, June 2nd. Robert W. Baird restated an “outperform” rating on shares of MCBC Holdings in a report on Saturday, June 25th. Finally, B. Riley restated a “buy” rating and issued a $17.50 price objective on shares of MCBC Holdings in a report on Friday, September 9th.
The firm’s 50 day moving average is $11.64 and its 200 day moving average is $12.53. The stock has a market capitalization of $211.75 million, a price-to-earnings ratio of 20.34 and a beta of 0.92.
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MCBC Holdings (NASDAQ:MCFT) last posted its earnings results on Thursday, September 8th. The company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The business earned $53.40 million during the quarter, compared to the consensus estimate of $56.16 million. MCBC Holdings had a return on equity of 38.50% and a net margin of 4.61%. MCBC Holdings’s revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the company earned $0.20 EPS. Equities research analysts forecast that MCBC Holdings Inc. will post $1.30 EPS for the current year.
Several institutional investors have recently bought and sold shares of MCFT. Mesirow Financial Investment Management Equity Management bought a new position in MCBC Holdings during the second quarter valued at approximately $212,000. Springhouse Capital Management LP increased its position in MCBC Holdings by 102.8% in the second quarter. Springhouse Capital Management LP now owns 605,758 shares of the company’s stock valued at $6,694,000 after buying an additional 307,123 shares during the period. Alambic Investment Management L.P. bought a new position in MCBC Holdings during the second quarter valued at approximately $137,000. GSA Capital Partners LLP increased its position in MCBC Holdings by 52.5% in the second quarter. GSA Capital Partners LLP now owns 66,768 shares of the company’s stock valued at $738,000 after buying an additional 23,000 shares during the period. Finally, Geode Capital Management LLC increased its position in MCBC Holdings by 35.5% in the first quarter. Geode Capital Management LLC now owns 45,300 shares of the company’s stock valued at $637,000 after buying an additional 11,862 shares during the period. Institutional investors and hedge funds own 93.21% of the company’s stock.
About MCBC Holdings
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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