MCBC Holdings Inc (NASDAQ:MCFT) has been given an average recommendation of “Hold” by the eight ratings firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $27.00.

A number of research firms have commented on MCFT. ValuEngine downgraded shares of MCBC from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded shares of MCBC from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Thursday, November 9th. BidaskClub downgraded shares of MCBC from a “buy” rating to a “hold” rating in a research report on Thursday, December 14th. B. Riley raised their price target on shares of MCBC from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, December 18th. Finally, Robert W. Baird restated a “buy” rating on shares of MCBC in a research report on Friday, November 10th.

Several institutional investors have recently bought and sold shares of MCFT. Russell Investments Group Ltd. lifted its position in shares of MCBC by 55.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 7,582 shares of the company’s stock worth $154,000 after buying an additional 2,700 shares during the last quarter. Mesirow Financial Investment Management Inc. bought a new position in shares of MCBC in the 2nd quarter worth about $223,000. Nationwide Fund Advisors lifted its position in shares of MCBC by 222.1% in the 2nd 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. Trexquant Investment LP bought a new position in shares of MCBC in the 3rd quarter worth about $280,000. Finally, The Manufacturers Life Insurance Company lifted its position in shares of MCBC by 174.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,688 shares of the company’s stock worth $326,000 after buying an additional 10,611 shares during the last quarter. Institutional investors own 93.95% of the company’s stock.

MCBC (NASDAQ MCFT) opened at $21.84 on Friday. MCBC has a 52 week low of $13.67 and a 52 week high of $23.99. The company has a current ratio of 0.78, a quick ratio of 0.51 and a debt-to-equity ratio of 1.54. The company has a market cap of $402.71, a price-to-earnings ratio of 20.60, a price-to-earnings-growth ratio of 0.91 and a beta of 1.25.

MCBC (NASDAQ:MCFT) last posted its quarterly earnings data on Friday, November 10th. The company reported $0.40 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.40. MCBC had a net margin of 8.43% and a return on equity of 213.34%. The firm had revenue of $65.00 million for the quarter, compared to the consensus estimate of $62.84 million. During the same period in the prior year, the firm posted $0.41 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. equities research analysts predict that MCBC will post 1.57 earnings per share for the current fiscal year.

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About MCBC

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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