The Manufacturers Life Insurance Company Has $326,000 Position in MCBC Holdings, Inc. (MCFT)
The Manufacturers Life Insurance Company lifted its stake in shares of MCBC Holdings, Inc. (NASDAQ:MCFT) by 174.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,688 shares of the company’s stock after purchasing an additional 10,611 shares during the quarter. The Manufacturers Life Insurance Company owned 0.09% of MCBC worth $326,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in MCFT. Nationwide Fund Advisors grew its position in MCBC 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 in the last quarter. Rhumbline Advisers purchased a new position in MCBC during the second quarter worth about $371,000. Cubist Systematic Strategies LLC grew its position in MCBC by 52.4% during the second quarter. Cubist Systematic Strategies LLC now owns 22,458 shares of the company’s stock worth $439,000 after buying an additional 7,722 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in MCBC by 96.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 29,900 shares of the company’s stock worth $585,000 after buying an additional 14,700 shares in the last quarter. Finally, Alps Advisors Inc. grew its position in MCBC by 0.3% during the second quarter. Alps Advisors Inc. now owns 30,598 shares of the company’s stock worth $598,000 after buying an additional 79 shares in the last quarter. Institutional investors own 93.76% of the company’s stock.
Several research firms recently commented on MCFT. B. Riley restated a “buy” rating and set a $24.00 target price (up from $21.50) on shares of MCBC in a research report on Tuesday, October 3rd. ValuEngine cut MCBC from a “buy” rating to a “hold” rating in a report on Friday. Aegis began coverage on MCBC in a report on Monday, October 2nd. They issued a “buy” rating and a $26.00 price objective for the company. TheStreet upgraded MCBC from a “d+” rating to a “b-” rating in a report on Thursday, September 7th. Finally, KeyCorp began coverage on MCBC in a report on Wednesday, August 30th. They issued an “overweight” rating for the company. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $25.00.
MCBC (NASDAQ:MCFT) last released its quarterly earnings results on Friday, November 10th. The company reported $0.40 EPS for the quarter, meeting analysts’ consensus estimates of $0.40. The business had revenue of $65.00 million during the quarter, compared to analyst estimates of $62.84 million. MCBC had a return on equity of 213.34% and a net margin of 8.43%. MCBC’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.41 EPS. equities analysts predict that MCBC Holdings, Inc. will post 1.58 earnings per share for the current fiscal year.
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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