Hood River Capital Management LLC lifted its holdings in shares of MCBC Holdings, Inc. (NASDAQ:MCFT) by 2.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 426,876 shares of the company’s stock after acquiring an additional 9,147 shares during the quarter. Hood River Capital Management LLC owned approximately 2.29% of MCBC Holdings worth $8,700,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. raised its holdings in MCBC Holdings by 55.3% in the third quarter. Russell Investments Group Ltd. now owns 7,582 shares of the company’s stock worth $154,000 after purchasing an additional 2,700 shares in the last quarter. Mesirow Financial Investment Management Inc. bought a new position in MCBC Holdings in the second quarter worth $223,000. Nationwide Fund Advisors raised its holdings in MCBC Holdings by 222.1% in the second quarter. Nationwide Fund Advisors now owns 13,969 shares of the company’s stock worth $273,000 after purchasing an additional 9,632 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in MCBC Holdings by 174.6% in the second quarter. The Manufacturers Life Insurance Company now owns 16,688 shares of the company’s stock worth $326,000 after purchasing an additional 10,611 shares in the last quarter. Finally, Rhumbline Advisers bought a new position in MCBC Holdings in the second quarter worth $371,000. Institutional investors own 93.38% of the company’s stock.

A number of equities analysts have issued reports on MCFT shares. TheStreet upgraded MCBC Holdings from a “d+” rating to a “b-” rating in a report on Thursday, September 7th. BidaskClub downgraded MCBC Holdings from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Robert W. Baird reiterated a “buy” rating on shares of MCBC Holdings in a report on Friday, November 10th. B. Riley reiterated a “buy” rating and issued a $24.00 price objective on shares of MCBC Holdings in a report on Friday, November 10th. Finally, Zacks Investment Research upgraded MCBC Holdings from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Thursday, November 9th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $25.00.

COPYRIGHT VIOLATION WARNING: “MCBC Holdings, Inc. (MCFT) Position Boosted by Hood River Capital Management LLC” was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another publication, it was stolen and republished in violation of international copyright and trademark law. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/11/17/mcbc-holdings-inc-mcft-position-boosted-by-hood-river-capital-management-llc.html.

MCBC Holdings, Inc. (MCFT) traded up $0.20 during midday trading on Friday, hitting $21.70. The stock had a trading volume of 274,000 shares, compared to its average volume of 148,358. MCBC Holdings, Inc. has a 52-week low of $12.73 and a 52-week high of $23.42. The stock has a market capitalization of $401.59, a PE ratio of 19.37, a P/E/G ratio of 0.90 and a beta of 1.27. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.27 and a current ratio of 0.78.

MCBC Holdings (NASDAQ:MCFT) last released its earnings results on Friday, November 10th. The company reported $0.40 EPS for the quarter, hitting analysts’ consensus estimates of $0.40. MCBC Holdings had a return on equity of 213.34% and a net margin of 8.43%. The firm had revenue of $65.00 million for the quarter, compared to analysts’ expectations of $62.84 million. During the same period in the prior year, the firm posted $0.41 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. equities research analysts expect that MCBC Holdings, Inc. will post 1.58 earnings per share for the current year.

MCBC Holdings 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.

Want to see what other hedge funds are holding MCFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MCBC Holdings, Inc. (NASDAQ:MCFT).

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.