MCBC (NASDAQ:MCFT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “MCBC Holdings, Inc. is a designer, manufacturer and marketer of MasterCraft brand premium performance sport boats. The Company offers water skiing, wakeboarding and luxury performance powerboats. MCBC Holdings, Inc. is headquartered Vonore, United States. “

MCFT has been the topic of a number of other reports. TheStreet upgraded MCBC from a “d+” rating to a “b-” rating in a report on Thursday, September 7th. Aegis initiated coverage on MCBC in a report on Monday, October 2nd. They issued a “buy” rating and a $26.00 price target on the stock. B. Riley reaffirmed a “buy” rating and issued a $24.00 target price (up previously from $21.50) on shares of MCBC in a research report on Tuesday, October 3rd. Robert W. Baird reaffirmed a “buy” rating on shares of MCBC in a research report on Friday, November 10th. Finally, KeyCorp initiated coverage on MCBC in a research report on Wednesday, August 30th. They issued an “overweight” rating on the stock. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $25.00.

Shares of MCBC (NASDAQ:MCFT) traded up $0.25 during trading on Wednesday, hitting $22.33. The stock had a trading volume of 203,601 shares, compared to its average volume of 208,303. The company has a market capitalization of $417.08, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 0.95 and a beta of 1.25. MCBC has a 12 month low of $13.67 and a 12 month high of $23.99. The company has a current ratio of 0.78, a quick ratio of 0.51 and a debt-to-equity ratio of 1.54.

MCBC (NASDAQ:MCFT) last issued its quarterly earnings results on Friday, November 10th. The company reported $0.40 EPS for the quarter, meeting analysts’ consensus estimates of $0.40. The company had revenue of $65.00 million for the quarter, compared to analyst estimates of $62.84 million. MCBC had a return on equity of 213.34% and a net margin of 8.43%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 earnings per share. analysts expect that MCBC will post 1.57 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in MCFT. Teachers Advisors LLC increased its position in shares of MCBC by 93.2% in the first quarter. Teachers Advisors LLC now owns 97,063 shares of the company’s stock valued at $1,570,000 after acquiring an additional 46,822 shares during the last quarter. Vanguard Group Inc. increased its position in shares of MCBC by 23.4% in the first quarter. Vanguard Group Inc. now owns 941,794 shares of the company’s stock valued at $15,229,000 after acquiring an additional 178,652 shares during the last quarter. Morgan Stanley increased its position in shares of MCBC by 5.9% in the first quarter. Morgan Stanley now owns 108,549 shares of the company’s stock valued at $1,756,000 after acquiring an additional 6,026 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of MCBC by 96.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 29,900 shares of the company’s stock valued at $585,000 after acquiring an additional 14,700 shares during the last quarter. Finally, Rhumbline Advisers acquired a new stake in shares of MCBC in the second quarter valued at about $371,000. 93.95% of the stock is currently owned by institutional investors and hedge funds.

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About MCBC

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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