MCBC Holdings, Inc. (NASDAQ:MCFT) has been assigned a consensus rating of “Buy” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $21.50.

MCFT has been the subject of a number of research analyst reports. ValuEngine upgraded shares of MCBC Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. B. Riley restated a “buy” rating and issued a $21.50 price target on shares of MCBC Holdings in a research note on Friday. BidaskClub lowered shares of MCBC Holdings from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. KeyCorp initiated coverage on shares of MCBC Holdings in a research note on Wednesday, August 30th. They issued an “overweight” rating for the company. Finally, Zacks Investment Research lowered shares of MCBC Holdings from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 12th.

A number of hedge funds have recently added to or reduced their stakes in MCFT. B. Riley Financial Inc. increased its stake in MCBC Holdings by 1,835.4% during the first quarter. B. Riley Financial Inc. now owns 560,888 shares of the company’s stock valued at $9,070,000 after purchasing an additional 531,908 shares during the last quarter. Hood River Capital Management LLC bought a new stake in MCBC Holdings during the second quarter valued at $8,167,000. Royce & Associates LP increased its stake in MCBC Holdings by 57.8% during the first quarter. Royce & Associates LP now owns 893,317 shares of the company’s stock valued at $14,445,000 after purchasing an additional 327,160 shares during the last quarter. AJO LP increased its stake in MCBC Holdings by 253.5% during the second quarter. AJO LP now owns 391,357 shares of the company’s stock valued at $7,651,000 after purchasing an additional 280,653 shares during the last quarter. Finally, Divisar Capital Management LLC increased its stake in MCBC Holdings by 81.4% during the first quarter. Divisar Capital Management LLC now owns 596,188 shares of the company’s stock valued at $9,640,000 after purchasing an additional 267,462 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Shares of MCBC Holdings (NASDAQ:MCFT) traded up 1.17% on Monday, hitting $18.20. 100,614 shares of the stock traded hands. MCBC Holdings has a 12-month low of $10.44 and a 12-month high of $20.22. The firm has a market cap of $339.21 million, a P/E ratio of 18.82 and a beta of 1.15. The firm’s 50-day moving average is $18.00 and its 200 day moving average is $17.59.

MCBC Holdings (NASDAQ:MCFT) last issued its quarterly earnings results on Thursday, September 7th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The business had revenue of $58.30 million during the quarter, compared to analyst estimates of $56.89 million. MCBC Holdings had a net margin of 8.56% and a return on equity of 932.25%. The business’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 earnings per share. Equities research analysts forecast that MCBC Holdings will post $1.45 EPS for the current fiscal year.

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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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