MCBC (NASDAQ:MCFT) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Other analysts have also issued research reports about the stock. B. Riley reiterated a “buy” rating and issued a $21.50 target price on shares of MCBC in a research note on Wednesday, September 13th. Aegis began coverage on shares of MCBC in a research note on Monday, October 2nd. They issued a “buy” rating and a $26.00 target price for the company. TheStreet upgraded shares of MCBC from a “d+” rating to a “b-” rating in a research note on Thursday, September 7th. KeyCorp began coverage on shares of MCBC in a research note on Wednesday, August 30th. They issued an “overweight” rating for the company. Finally, Zacks Investment Research upgraded shares of MCBC from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $25.00.

MCBC (NASDAQ:MCFT) opened at $23.31 on Friday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.51 and a current ratio of 0.78. MCBC has a 1-year low of $13.40 and a 1-year high of $23.99. The firm has a market cap of $435.38, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 0.98 and a beta of 1.25.

MCBC (NASDAQ:MCFT) last released its quarterly earnings data on Friday, November 10th. The company reported $0.40 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40. MCBC had a net margin of 8.43% and a return on equity of 213.34%. The firm had revenue of $65.00 million for the quarter, compared to the consensus estimate of $62.84 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. equities analysts forecast that MCBC will post 1.58 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Chicago Equity Partners LLC grew its position in MCBC by 8.6% during the third quarter. Chicago Equity Partners LLC now owns 80,750 shares of the company’s stock valued at $1,646,000 after buying an additional 6,410 shares during the period. Nationwide Fund Advisors grew its position in MCBC by 222.1% during the second quarter. Nationwide Fund Advisors now owns 13,969 shares of the company’s stock valued at $273,000 after buying an additional 9,632 shares during the period. Vanguard Group Inc. grew its position in MCBC by 23.4% during the first quarter. Vanguard Group Inc. now owns 941,794 shares of the company’s stock valued at $15,229,000 after buying an additional 178,652 shares during the period. Rhumbline Advisers bought a new position in MCBC during the second quarter valued at about $371,000. Finally, Schwab Charles Investment Management Inc. grew its position in MCBC by 96.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 29,900 shares of the company’s stock valued at $585,000 after buying an additional 14,700 shares during the period. Institutional investors own 93.76% of the company’s stock.

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MCBC 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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