MCBC Holdings Inc. (MCFT) Major Shareholder Wayzata Investment Partners Ll Sells 292,399 Shares
MCBC Holdings Inc. (NASDAQ:MCFT) major shareholder Wayzata Investment Partners Ll sold 292,399 shares of the company’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $13.09, for a total transaction of $3,827,502.91. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Wayzata Investment Partners Ll also recently made the following trade(s):
- On Tuesday, September 20th, Wayzata Investment Partners Ll sold 4,600,000 shares of MCBC Holdings stock. The shares were sold at an average price of $9.74, for a total transaction of $44,804,000.00.
Shares of MCBC Holdings Inc. (NASDAQ:MCFT) traded down 0.51% during trading on Tuesday, hitting $13.56. 158,389 shares of the stock traded hands. The company has a 50 day moving average price of $11.85 and a 200 day moving average price of $12.01. The firm has a market cap of $252.62 million, a price-to-earnings ratio of 13.74 and a beta of 0.94. MCBC Holdings Inc. has a 12 month low of $10.25 and a 12 month high of $15.97.
MCBC Holdings (NASDAQ:MCFT) last announced its quarterly earnings results on Thursday, November 10th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. The business had revenue of $60.69 million for the quarter, compared to analyst estimates of $59.77 million. MCBC Holdings had a net margin of 8.18% and a return on equity of 61.00%. The company’s revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 EPS. Analysts anticipate that MCBC Holdings Inc. will post $1.30 earnings per share for the current fiscal year.
Several brokerages have recently weighed in on MCFT. Zacks Investment Research upgraded shares of MCBC Holdings from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 23rd. B. Riley reiterated a “buy” rating and set a $17.50 price objective on shares of MCBC Holdings in a report on Friday, September 9th.
Large investors have recently made changes to their positions in the company. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of MCBC Holdings during the third quarter worth about $103,000. Teachers Advisors Inc. raised its stake in shares of MCBC Holdings by 57.2% in the second quarter. Teachers Advisors Inc. now owns 10,843 shares of the company’s stock worth $120,000 after buying an additional 3,947 shares during the period. Laurion Capital Management LP purchased a new stake in shares of MCBC Holdings during the third quarter worth about $128,000. Alambic Investment Management L.P. purchased a new stake in shares of MCBC Holdings during the second quarter worth about $137,000. Finally, Spark Investment Management LLC purchased a new stake in shares of MCBC Holdings during the second quarter worth about $138,000.
About MCBC Holdings
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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