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.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/22/mcbc-holdings-inc-mcft-major-shareholder-sells-44804000-00-in-stock.html

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.

5 Day Chart for NASDAQ:MCFT

Receive News & Ratings for MCBC Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MCBC Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.