MCBC Holdings, Inc. (MCFT) Position Boosted by Hood River Capital Management LLC
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.
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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.
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