Zacks Investment Research upgraded shares of MCBC (NASDAQ:MCFT) from a sell rating to a hold rating in a research report released on Wednesday.

According to Zacks, “MCBC Holdings, Inc. is a designer, manufacturer and marketer of MasterCraft brand premium performance sport boats. The Company offers water skiing, wakeboarding and luxury performance powerboats. MCBC Holdings, Inc. is headquartered Vonore, United States. “

A number of other research firms also recently issued reports on MCFT. ValuEngine downgraded shares of MCBC from a buy rating to a hold rating in a report on Friday, December 1st. B. Riley restated a buy rating and set a $24.00 price objective on shares of MCBC in a report on Friday, November 10th. BidaskClub lowered shares of MCBC from a buy rating to a hold rating in a research report on Thursday, December 14th. Robert W. Baird reiterated a buy rating on shares of MCBC in a research report on Friday, November 10th. Finally, Aegis started coverage on shares of MCBC in a research report on Monday, October 2nd. They set a buy rating and a $26.00 target price for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. MCBC has an average rating of Hold and an average price target of $26.33.

MCBC (NASDAQ:MCFT) traded down $0.02 during midday trading on Wednesday, reaching $21.98. 87,656 shares of the company were exchanged, compared to its average volume of 182,117. MCBC has a 1-year low of $13.67 and a 1-year high of $23.99. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.78 and a quick ratio of 0.51. The stock has a market capitalization of $396.73, a P/E ratio of 20.74, a PEG ratio of 0.90 and a beta of 1.25.

MCBC (NASDAQ:MCFT) last posted its quarterly earnings data on Friday, November 10th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.40. MCBC had a net margin of 8.43% and a return on equity of 213.34%. The business had revenue of $65.00 million during the quarter, compared to the consensus estimate of $62.84 million. During the same quarter last year, the company posted $0.41 earnings per share. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. research analysts predict that MCBC will post 1.58 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the business. Acadian Asset Management LLC bought a new position in MCBC during the fourth quarter worth about $794,000. CAPROCK Group Inc. bought a new position in MCBC during the fourth quarter worth about $279,000. Schwab Charles Investment Management Inc. boosted its position in MCBC by 663.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 228,382 shares of the company’s stock worth $5,075,000 after purchasing an additional 198,482 shares during the period. Dalton Greiner Hartman Maher & Co. bought a new position in MCBC during the fourth quarter worth about $3,893,000. Finally, GSA Capital Partners LLP boosted its position in MCBC by 53.8% during the third quarter. GSA Capital Partners LLP now owns 101,515 shares of the company’s stock worth $2,069,000 after purchasing an additional 35,500 shares during the period. Hedge funds and other institutional investors own 93.95% of the company’s stock.

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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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