Shares of MCBC Holdings, Inc. (NASDAQ:MCFT) have received a consensus rating of “Buy” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $25.00.

MCFT has been the subject of a number of research reports. TheStreet raised shares of MCBC Holdings from a “d+” rating to a “b-” rating in a report on Thursday, September 7th. B. Riley reissued a “buy” rating and set a $24.00 price target (up from $21.50) on shares of MCBC Holdings in a report on Tuesday, October 3rd. Aegis began coverage on shares of MCBC Holdings in a report on Monday, October 2nd. They set a “buy” rating and a $26.00 price target for the company. BidaskClub cut shares of MCBC Holdings from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Finally, Zacks Investment Research raised shares of MCBC Holdings from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 29th.

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Shares of MCBC Holdings (MCFT) opened at 22.67 on Tuesday. The firm has a market capitalization of $422.50 million, a PE ratio of 21.59 and a beta of 1.22. MCBC Holdings has a 52-week low of $10.84 and a 52-week high of $23.42. The stock’s 50 day moving average price is $20.96 and its 200-day moving average price is $20.96.

MCBC Holdings (NASDAQ:MCFT) last announced its earnings results on Thursday, September 7th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. MCBC Holdings had a net margin of 8.56% and a return on equity of 443.78%. The business had revenue of $58.30 million during the quarter, compared to analysts’ expectations of $56.89 million. During the same period in the prior year, the company earned $0.30 earnings per share. The business’s revenue was up 9.2% compared to the same quarter last year. Equities research analysts anticipate that MCBC Holdings will post $1.63 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mesirow Financial Investment Management Inc. purchased a new position in MCBC Holdings during the second quarter worth about $223,000. Nationwide Fund Advisors raised its holdings in MCBC Holdings by 222.1% during the second quarter. Nationwide Fund Advisors now owns 13,969 shares of the company’s stock worth $273,000 after purchasing an additional 9,632 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in MCBC Holdings by 174.6% during the second quarter. The Manufacturers Life Insurance Company now owns 16,688 shares of the company’s stock worth $326,000 after purchasing an additional 10,611 shares in the last quarter. Rhumbline Advisers purchased a new position in MCBC Holdings during the second quarter worth about $371,000. Finally, Cubist Systematic Strategies LLC raised its holdings in MCBC Holdings by 52.4% during the second quarter. Cubist Systematic Strategies LLC now owns 22,458 shares of the company’s stock worth $439,000 after purchasing an additional 7,722 shares in the last quarter. 93.65% of the stock is owned by hedge funds and other institutional investors.

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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