MCBC Holdings, Inc. (MCFT) Earns Buy Rating from Analysts at Aegis
Aegis started coverage on shares of MCBC Holdings, Inc. (NASDAQ:MCFT) in a report released on Monday, Marketbeat.com reports. The firm issued a buy rating and a $26.00 price objective on the stock.
Other research analysts have also issued reports about the stock. B. Riley reissued a buy rating and set a $21.50 target price on shares of MCBC Holdings in a research note on Wednesday, September 13th. ValuEngine raised shares of MCBC Holdings from a hold rating to a buy rating in a research note on Tuesday, June 13th. BidaskClub lowered shares of MCBC Holdings from a buy rating to a hold rating in a research note on Sunday, July 30th. TheStreet raised shares of MCBC Holdings from a d+ rating to a b- rating in a research note on Thursday, September 7th. Finally, KeyCorp assumed coverage on shares of MCBC Holdings in a research note on Wednesday, August 30th. They set an overweight rating on the stock. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $25.00.
Shares of MCBC Holdings (NASDAQ MCFT) opened at 21.59 on Monday. The company’s 50 day moving average is $19.60 and its 200-day moving average is $19.60. The firm has a market capitalization of $402.37 million, a price-to-earnings ratio of 20.56 and a beta of 1.23. MCBC Holdings has a one year low of $10.84 and a one year high of $21.97.
MCBC Holdings (NASDAQ:MCFT) last issued its earnings results on Thursday, September 7th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.02. The business had revenue of $58.30 million for the quarter, compared to analyst estimates of $56.89 million. MCBC Holdings had a net margin of 8.56% and a return on equity of 443.78%. MCBC Holdings’s revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 earnings per share. Equities analysts expect that MCBC Holdings will post $1.63 EPS for the current year.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in MCBC Holdings during the first quarter worth $103,000. Bank of Montreal Can acquired a new position in MCBC Holdings during the first quarter worth $170,000. Mesirow Financial Investment Management Inc. acquired a new position in MCBC Holdings during the second quarter worth $223,000. Nationwide Fund Advisors raised its holdings in MCBC Holdings by 222.1% during the second quarter. Nationwide Fund Advisors now owns 13,969 shares of the company’s stock worth $273,000 after buying an additional 9,632 shares during the last quarter. Finally, Trexquant Investment LP raised its holdings in MCBC Holdings by 7.1% during the first quarter. Trexquant Investment LP now owns 19,200 shares of the company’s stock worth $310,000 after buying an additional 1,280 shares during the last quarter. Hedge funds and other institutional investors 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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