MCBC (MCFT) Lowered to “Sell” at BidaskClub

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

A number of other equities research analysts have also weighed in on the stock. B. Riley raised their price objective on shares of MCBC from $24.00 to $28.00 and gave the company a “buy” rating in a report on Monday, December 18th. Zacks Investment Research lowered shares of MCBC from a “buy” rating to a “hold” rating in a report on Wednesday, December 13th. ValuEngine lowered shares of MCBC from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Robert W. Baird restated a “buy” rating on shares of MCBC in a report on Friday, November 10th. Finally, Aegis began coverage on shares of MCBC in a report on Monday, October 2nd. They issued a “buy” rating and a $26.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $26.33.

Shares of MCBC (NASDAQ:MCFT) traded up $0.14 on Friday, hitting $21.42. 199,619 shares of the stock were exchanged, compared to its average volume of 202,171. MCBC has a fifty-two week low of $13.67 and a fifty-two week high of $23.99. The firm has a market cap of $400.09 and a price-to-earnings ratio of 20.40. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.78 and a quick ratio of 0.51.

MCBC (NASDAQ:MCFT) last announced its quarterly earnings data on Friday, November 10th. The company reported $0.40 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.40. MCBC had a net margin of 8.43% and a return on equity of 213.34%. The business had revenue of $65.00 million for the quarter, compared to analyst estimates of $62.84 million. During the same period last year, the business earned $0.41 EPS. The company’s revenue was up 7.1% on a year-over-year basis. equities research analysts expect that MCBC will post 1.57 EPS for the current year.

Large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. raised its stake in MCBC by 55.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 7,582 shares of the company’s stock worth $154,000 after acquiring an additional 2,700 shares in the last quarter. Mesirow Financial Investment Management Inc. acquired a new stake in MCBC during the 2nd quarter worth $223,000. Nationwide Fund Advisors raised its stake in MCBC by 222.1% during the 2nd quarter. Nationwide Fund Advisors now owns 13,969 shares of the company’s stock worth $273,000 after acquiring an additional 9,632 shares in the last quarter. Trexquant Investment LP acquired a new stake in MCBC during the 3rd quarter worth $280,000. Finally, The Manufacturers Life Insurance Company raised its stake in MCBC by 174.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,688 shares of the company’s stock worth $326,000 after acquiring an additional 10,611 shares in the last quarter. Hedge funds and other institutional investors own 93.95% 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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