Shares of MCBC Holdings, Inc. (NASDAQ:MCFT) have earned a consensus rating of “Buy” from the seven ratings firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $25.00.

A number of analysts have weighed in on the stock. B. Riley restated a “buy” rating and set a $21.50 price objective on shares of MCBC Holdings in a research note on Wednesday, September 13th. ValuEngine upgraded shares of MCBC Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Aegis assumed coverage on shares of MCBC Holdings in a research note on Monday. They set a “buy” rating and a $26.00 price objective for the company. BidaskClub lowered shares of MCBC Holdings from a “buy” rating to a “hold” rating in a research note on Sunday, July 30th. Finally, TheStreet upgraded shares of MCBC Holdings from a “d+” rating to a “b-” rating in a research note on Thursday, September 7th.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of MCBC Holdings during the 1st quarter valued at about $103,000. Mesirow Financial Investment Management Inc. purchased a new stake in shares of MCBC Holdings during the 2nd quarter valued at about $223,000. Nationwide Fund Advisors boosted its holdings in shares of MCBC Holdings by 222.1% during the 2nd quarter. Nationwide Fund Advisors now owns 13,969 shares of the company’s stock valued at $273,000 after acquiring an additional 9,632 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of MCBC Holdings by 174.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,688 shares of the company’s stock valued at $326,000 after acquiring an additional 10,611 shares during the last quarter. Finally, Rhumbline Advisers purchased a new stake in shares of MCBC Holdings during the 2nd quarter valued at about $371,000. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

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MCBC Holdings (NASDAQ MCFT) opened at 21.59 on Friday. MCBC Holdings has a 12-month low of $10.84 and a 12-month high of $21.97. The stock has a market capitalization of $402.37 million, a PE ratio of 20.56 and a beta of 1.23. The company’s 50-day moving average is $19.60 and its 200 day moving average is $19.60.

MCBC Holdings (NASDAQ:MCFT) last released its quarterly earnings data on Thursday, September 7th. The company reported $0.35 earnings per share for the quarter, beating 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 443.78%. MCBC Holdings’s revenue was up 9.2% compared to the same quarter last year. During the same period last year, the business earned $0.30 EPS. On average, equities research analysts expect that MCBC Holdings will post $1.63 earnings per share for the current fiscal year.

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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