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.
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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