Engineers Gate Manager LP raised its stake in shares of MCBC Holdings Inc (NASDAQ:MCFT) by 95.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,414 shares of the company’s stock after purchasing an additional 14,396 shares during the period. Engineers Gate Manager LP owned 0.16% of MCBC worth $1,055,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Voya Investment Management LLC acquired a new position in MCBC during the second quarter valued at approximately $201,000. Capital Fund Management S.A. acquired a new position in MCBC during the second quarter valued at approximately $208,000. Mackay Shields LLC acquired a new position in MCBC during the second quarter valued at approximately $226,000. Dynamic Technology Lab Private Ltd acquired a new position in MCBC during the second quarter valued at approximately $340,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in MCBC during the second quarter valued at approximately $365,000. Institutional investors own 95.01% of the company’s stock.
MCFT opened at $27.66 on Friday. MCBC Holdings Inc has a 1-year low of $20.13 and a 1-year high of $39.50. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.73 and a quick ratio of 0.33. The company has a market capitalization of $612.54 million, a PE ratio of 13.63, a price-to-earnings-growth ratio of 0.83 and a beta of 1.31.
MCBC (NASDAQ:MCFT) last posted its quarterly earnings data on Thursday, November 8th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.03. MCBC had a return on equity of 108.42% and a net margin of 11.92%. The company had revenue of $93.60 million during the quarter, compared to analysts’ expectations of $90.93 million. During the same period in the prior year, the business earned $0.40 earnings per share. MCBC’s revenue for the quarter was up 44.0% compared to the same quarter last year. As a group, sell-side analysts predict that MCBC Holdings Inc will post 2.62 EPS for the current year.
MCFT has been the topic of several analyst reports. SunTrust Banks increased their price target on MCBC to $30.00 in a report on Thursday, October 11th. B. Riley increased their price target on MCBC from $28.00 to $36.50 and gave the company a “buy” rating in a report on Friday, September 7th. BidaskClub upgraded MCBC from a “hold” rating to a “buy” rating in a report on Friday, September 7th. ValuEngine upgraded MCBC from a “hold” rating to a “buy” rating in a report on Friday, September 7th. Finally, Zacks Investment Research upgraded MCBC from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a report on Wednesday, September 19th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $40.33.
MCBC Company Profile
MCBC Holdings, Inc, through its subsidiaries, innovates, designs, manufactures, and markets sport boats and outboard boats in North America and internationally. The company's boats are used for water skiing, wakeboarding, wake surfing, and fishing, as well as general recreational boating. It also provides various accessories, such as trailers and aftermarket parts.
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