Psagot Investment House Ltd. maintained its position in MCBC Holdings, Inc. (NASDAQ:MCFT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,900 shares of the company’s stock at the end of the second quarter. Psagot Investment House Ltd. owned approximately 0.17% of MCBC Holdings worth $604,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MCFT. Bank of New York Mellon Corp increased its stake in MCBC Holdings by 3.3% during the first quarter. Bank of New York Mellon Corp now owns 82,128 shares of the company’s stock worth $1,328,000 after purchasing an additional 2,611 shares during the period. Wellington Management Group LLP increased its stake in MCBC Holdings by 1.8% during the first quarter. Wellington Management Group LLP now owns 2,497,598 shares of the company’s stock worth $40,386,000 after purchasing an additional 44,287 shares during the period. Teachers Advisors LLC increased its stake in MCBC Holdings by 93.2% during the first quarter. Teachers Advisors LLC now owns 97,063 shares of the company’s stock worth $1,570,000 after purchasing an additional 46,822 shares during the period. TIAA CREF Investment Management LLC increased its stake in MCBC Holdings by 45.0% during the first quarter. TIAA CREF Investment Management LLC now owns 125,075 shares of the company’s stock worth $2,022,000 after purchasing an additional 38,803 shares during the period. Finally, Vanguard Group Inc. increased its stake in MCBC Holdings by 23.4% during the first quarter. Vanguard Group Inc. now owns 941,794 shares of the company’s stock worth $15,229,000 after purchasing an additional 178,652 shares during the period. 95.46% of the stock is currently owned by institutional investors.

Shares of MCBC Holdings, Inc. (NASDAQ:MCFT) traded up 0.248% during mid-day trading on Friday, reaching $22.205. 40,914 shares of the company’s stock were exchanged. The stock has a market cap of $413.83 million, a price-to-earnings ratio of 21.148 and a beta of 1.23. MCBC Holdings, Inc. has a 52 week low of $10.84 and a 52 week high of $22.66. The stock has a 50 day moving average price of $20.14 and a 200 day moving average price of $20.14.

MCBC Holdings (NASDAQ:MCFT) last released its quarterly earnings results on Thursday, September 7th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. The firm had revenue of $58.30 million for the quarter, compared to analyst estimates of $56.89 million. MCBC Holdings had a return on equity of 443.78% and a net margin of 8.56%. MCBC Holdings’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 EPS. Equities research analysts predict that MCBC Holdings, Inc. will post $1.63 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “MCBC Holdings, Inc. (MCFT) Position Held by Psagot Investment House Ltd.” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The correct version of this article can be read at https://www.thecerbatgem.com/2017/10/13/mcbc-holdings-inc-mcft-position-held-by-psagot-investment-house-ltd.html.

A number of brokerages have issued reports on MCFT. TheStreet upgraded shares of MCBC Holdings from a “d+” rating to a “b-” rating in a research note on Thursday, September 7th. Zacks Investment Research upgraded shares of MCBC Holdings from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 29th. B. Riley reiterated a “buy” rating and set a $21.00 price target on shares of MCBC Holdings in a research note on Monday, June 26th. Aegis began coverage on shares of MCBC Holdings in a research note on Monday, October 2nd. They set a “buy” rating and a $26.00 price target on the stock. Finally, BidaskClub lowered shares of MCBC Holdings from a “buy” rating to a “hold” rating in a research note on Sunday, July 30th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $25.00.

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.

Institutional Ownership by Quarter for MCBC Holdings (NASDAQ:MCFT)

Receive News & Stock Ratings for MCBC Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MCBC Holdings Inc. and related stocks with our FREE daily email newsletter.