MCBC Holdings Inc. (MCFT) Major Shareholder Sells $44,804,000.00 in Stock
MCBC Holdings Inc. (NASDAQ:MCFT) major shareholder Wayzata Investment Partners Ll sold 4,600,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $9.74, for a total value of $44,804,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
MCBC Holdings Inc. (NASDAQ:MCFT) opened at 11.56 on Thursday. The firm has a market cap of $214.91 million, a price-to-earnings ratio of 20.64 and a beta of 0.92. MCBC Holdings Inc. has a 12 month low of $10.25 and a 12 month high of $15.97. The firm’s 50-day moving average price is $11.65 and its 200-day moving average price is $12.51.
MCBC Holdings (NASDAQ:MCFT) last announced its earnings results on Thursday, September 8th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.01. MCBC Holdings had a return on equity of 38.50% and a net margin of 4.61%. The firm earned $53.40 million during the quarter, compared to the consensus estimate of $56.16 million. During the same quarter in the prior year, the company earned $0.20 EPS. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. Equities research analysts predict that MCBC Holdings Inc. will post $1.30 earnings per share for the current year.
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A number of research analysts recently issued reports on MCFT shares. B. Riley restated a “buy” rating and set a $17.50 price objective on shares of MCBC Holdings in a research report on Wednesday, September 14th. Wunderlich reduced their price objective on MCBC Holdings from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Friday, May 27th. Zacks Investment Research lowered MCBC Holdings from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 7th. Finally, Robert W. Baird reiterated an “outperform” rating on shares of MCBC Holdings in a research report on Saturday, June 25th.
A number of hedge funds have recently made changes to their positions in MCFT. Springhouse Capital Management LP increased its stake in shares of 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 last quarter. Punch & Associates Investment Management Inc. purchased a new position in MCBC Holdings during the second quarter valued at approximately $2,083,000. AWM Investment Company Inc. boosted its position in MCBC Holdings by 37.7% in the second quarter. AWM Investment Company Inc. now owns 275,390 shares of the company’s stock valued at $3,043,000 after buying an additional 75,390 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in MCBC Holdings by 62.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 192,850 shares of the company’s stock valued at $2,131,000 after buying an additional 74,431 shares during the period. Finally, Rice Hall James & Associates LLC boosted its position in MCBC Holdings by 47.4% in the second quarter. Rice Hall James & Associates LLC now owns 158,225 shares of the company’s stock valued at $1,748,000 after buying an additional 50,853 shares during the period. Hedge funds and other institutional investors own 93.02% of the company’s stock.
MCBC Holdings Company Profile
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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