KeyCorp started coverage on shares of MCBC Holdings, Inc. (NASDAQ:MCFT) in a report issued on Wednesday morning. The brokerage issued an overweight rating on the stock.

MCFT has been the topic of several other research reports. Zacks Investment Research lowered MCBC Holdings from a hold rating to a strong sell rating in a report on Wednesday, July 12th. BidaskClub lowered MCBC Holdings from a strong-buy rating to a buy rating in a report on Monday, July 24th. B. Riley restated a buy rating and set a $21.00 price target on shares of MCBC Holdings in a report on Saturday, July 1st. Finally, ValuEngine upgraded MCBC Holdings from a hold rating to a buy rating in a report on Tuesday, June 13th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. MCBC Holdings has a consensus rating of Buy and a consensus target price of $18.00.

MCBC Holdings (NASDAQ MCFT) opened at 17.46 on Wednesday. The stock has a market capitalization of $325.42 million, a P/E ratio of 18.06 and a beta of 1.16. MCBC Holdings has a 1-year low of $10.44 and a 1-year high of $20.22. The firm’s 50 day moving average is $18.26 and its 200 day moving average is $17.51.

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A number of hedge funds have recently added to or reduced their stakes in MCFT. Bank of New York Mellon Corp raised its stake in MCBC Holdings by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 82,128 shares of the company’s stock worth $1,328,000 after buying an additional 2,611 shares during the last quarter. Teachers Advisors LLC raised its stake in MCBC Holdings by 158.6% in the fourth quarter. Teachers Advisors LLC now owns 50,241 shares of the company’s stock worth $733,000 after buying an additional 30,815 shares during the last quarter. B. Riley Financial Inc. raised its stake in MCBC Holdings by 1,835.4% in the first quarter. B. Riley Financial Inc. now owns 560,888 shares of the company’s stock worth $9,070,000 after buying an additional 531,908 shares during the last quarter. Monarch Partners Asset Management LLC acquired a new stake in MCBC Holdings during the first quarter worth $488,000. Finally, Acadian Asset Management LLC raised its stake in MCBC Holdings by 55.5% in the first quarter. Acadian Asset Management LLC now owns 69,764 shares of the company’s stock worth $1,129,000 after buying an additional 24,889 shares during the last quarter. Institutional investors and hedge funds own 93.76% of the company’s stock.

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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