MCBC (NASDAQ:MCFT)‘s stock had its “buy” rating reaffirmed by stock analysts at B. Riley in a research report issued on Monday.
A number of other brokerages also recently weighed in on MCFT. BidaskClub upgraded MCBC from a “hold” rating to a “buy” rating in a report on Friday. ValuEngine downgraded MCBC from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research upgraded MCBC from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Thursday, November 9th. Robert W. Baird restated a “buy” rating on shares of MCBC in a report on Friday, November 10th. Finally, Aegis began coverage on MCBC in a report on Monday, October 2nd. They set a “buy” rating and a $26.00 price objective for the company. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $26.33.
Shares of MCBC (NASDAQ MCFT) traded up $0.11 during midday trading on Monday, hitting $24.24. The company had a trading volume of 65,439 shares, compared to its average volume of 162,759. The company has a market capitalization of $450.71, a PE ratio of 22.81, a P/E/G ratio of 1.02 and a beta of 1.25. The company has a quick ratio of 0.51, a current ratio of 0.78 and a debt-to-equity ratio of 1.54. MCBC has a 52 week low of $13.67 and a 52 week high of $24.89.
Hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. boosted its position in MCBC by 55.3% in the third quarter. Russell Investments Group Ltd. now owns 7,582 shares of the company’s stock worth $154,000 after purchasing an additional 2,700 shares during the last quarter. Mesirow Financial Investment Management Inc. purchased a new position in shares of MCBC during the 2nd quarter valued at $223,000. Nationwide Fund Advisors lifted its position in shares of MCBC by 222.1% during the 2nd 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 last quarter. CAPROCK Group Inc. purchased a new position in shares of MCBC during the 4th quarter valued at $279,000. Finally, Trexquant Investment LP purchased a new position in shares of MCBC during the 3rd quarter valued at $280,000. 96.63% of the stock is currently owned by institutional investors and hedge funds.
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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