MCBC Holdings Inc. (NASDAQ:MCFT) shares rose 1.9% on Friday . The stock traded as high as $11.25 and last traded at $11.19, with a volume of 192,107 shares trading hands. The stock had previously closed at $10.98.

A number of research analysts have recently commented on the stock. Wunderlich dropped their price objective on shares of MCBC Holdings from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Friday, May 27th. B. Riley reaffirmed a “buy” rating and set a $17.50 price objective on shares of MCBC Holdings in a research note on Wednesday. Zacks Investment Research raised shares of MCBC Holdings from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 23rd. Finally, Robert W. Baird reaffirmed an “outperform” rating on shares of MCBC Holdings in a research note on Saturday, June 25th.

The firm has a market capitalization of $204.13 million, a P/E ratio of 19.61 and a beta of 0.92. The company’s 50-day moving average is $11.67 and its 200-day moving average is $12.60.

MCBC Holdings (NASDAQ:MCFT) last posted its quarterly earnings results on Thursday, September 8th. The company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.01. MCBC Holdings had a return on equity of 38.50% and a net margin of 4.61%. The company earned $53.40 million during the quarter, compared to the consensus estimate of $56.16 million. During the same period last year, the business earned $0.20 EPS. The business’s quarterly revenue was down 2.7% on a year-over-year basis. On average, equities analysts anticipate that MCBC Holdings Inc. will post $1.30 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Mesirow Financial Investment Management Equity Management acquired a new stake in MCBC Holdings during the second quarter worth about $212,000. Alambic Investment Management L.P. purchased a new stake in shares of MCBC Holdings during the second quarter valued at $137,000. Geode Capital Management LLC raised its stake in shares of MCBC Holdings by 35.5% in the first quarter. Geode Capital Management LLC now owns 45,300 shares of the company’s stock valued at $637,000 after buying an additional 11,862 shares during the last quarter. GSA Capital Partners LLP raised its stake in shares of MCBC Holdings by 52.5% in the second quarter. GSA Capital Partners LLP now owns 66,768 shares of the company’s stock valued at $738,000 after buying an additional 23,000 shares during the last quarter. Finally, Royce & Associates LP raised its stake in shares of MCBC Holdings by 2.2% in the first quarter. Royce & Associates LP now owns 287,817 shares of the company’s stock valued at $4,052,000 after buying an additional 6,117 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.

About MCBC Holdings

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.

5 Day Chart for NASDAQ:MCFT

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