MCBC Holdings, Inc. (NASDAQ:MCFT) was upgraded by research analysts at TheStreet from a “d+” rating to a “b-” rating in a research report issued to clients and investors on Thursday.

A number of other research firms have also recently commented on MCFT. Zacks Investment Research cut shares of MCBC Holdings from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 12th. B. Riley restated a “buy” rating and issued a $21.00 price target on shares of MCBC Holdings in a report on Saturday, July 1st. BidaskClub cut shares of MCBC Holdings from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. ValuEngine upgraded shares of MCBC Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Finally, KeyCorp began coverage on shares of MCBC Holdings in a report on Wednesday, August 30th. They issued an “overweight” rating for the company. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $18.25.

MCBC Holdings (MCFT) traded up 1.33% during midday trading on Thursday, hitting $18.23. 78,877 shares of the company traded hands. MCBC Holdings has a 12-month low of $10.44 and a 12-month high of $20.22. The company has a market capitalization of $339.77 million, a price-to-earnings ratio of 18.85 and a beta of 1.15. The stock’s 50-day moving average price is $18.00 and its 200 day moving average price is $17.59.

MCBC Holdings (NASDAQ:MCFT) last posted its quarterly earnings results on Thursday, September 7th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The business had revenue of $58.30 million during the quarter, compared to analysts’ expectations of $56.89 million. MCBC Holdings had a net margin of 8.56% and a return on equity of 932.25%. The business’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period last year, the company posted $0.30 earnings per share. On average, equities analysts forecast that MCBC Holdings will post $1.45 EPS for the current year.

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A number of large investors have recently bought and sold shares of MCFT. B. Riley Financial Inc. lifted its stake in shares of MCBC Holdings by 1,835.4% in the first quarter. B. Riley Financial Inc. now owns 560,888 shares of the company’s stock valued at $9,070,000 after buying an additional 531,908 shares in the last quarter. Hood River Capital Management LLC bought a new position in shares of MCBC Holdings in the second quarter valued at $8,167,000. Royce & Associates LP lifted its stake in shares of MCBC Holdings by 57.8% in the first quarter. Royce & Associates LP now owns 893,317 shares of the company’s stock valued at $14,445,000 after buying an additional 327,160 shares in the last quarter. AJO LP lifted its stake in shares of MCBC Holdings by 253.5% in the second quarter. AJO LP now owns 391,357 shares of the company’s stock valued at $7,651,000 after buying an additional 280,653 shares in the last quarter. Finally, Divisar Capital Management LLC lifted its stake in shares of MCBC Holdings by 81.4% in the first quarter. Divisar Capital Management LLC now owns 596,188 shares of the company’s stock valued at $9,640,000 after buying an additional 267,462 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

MCBC Holdings 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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