Algert Global LLC reduced its stake in shares of MCBC Holdings, Inc. (NASDAQ:MCFT) by 81.1% during the second quarter, Holdings Channel reports. The fund owned 34,322 shares of the company’s stock after selling 147,250 shares during the period. Algert Global LLC’s holdings in MCBC Holdings were worth $671,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MCFT. Wellington Management Group LLP raised its position in MCBC Holdings by 1.8% in the first quarter. Wellington Management Group LLP now owns 2,497,598 shares of the company’s stock valued at $40,386,000 after buying an additional 44,287 shares during the last quarter. Vanguard Group Inc. raised its position in MCBC Holdings by 23.4% in the first quarter. Vanguard Group Inc. now owns 941,794 shares of the company’s stock valued at $15,229,000 after buying an additional 178,652 shares during the last quarter. Royce & Associates LP raised its position in MCBC Holdings by 57.8% in the first quarter. Royce & Associates LP now owns 893,317 shares of the company’s stock valued at $14,445,000 after buying an additional 327,160 shares during the last quarter. American Century Companies Inc. raised its position in MCBC Holdings by 5.9% in the first quarter. American Century Companies Inc. now owns 830,594 shares of the company’s stock valued at $13,431,000 after buying an additional 46,624 shares during the last quarter. Finally, Divisar Capital Management LLC raised its position in MCBC Holdings by 81.4% in the first quarter. Divisar Capital Management LLC now owns 596,188 shares of the company’s stock valued at $9,640,000 after buying an additional 267,462 shares during the last quarter. Hedge funds and other institutional investors own 90.87% of the company’s stock.

Shares of MCBC Holdings, Inc. (NASDAQ MCFT) opened at 17.56 on Friday. The stock has a market cap of $327.28 million, a price-to-earnings ratio of 18.16 and a beta of 1.13. MCBC Holdings, Inc. has a 1-year low of $10.44 and a 1-year high of $20.22. The stock’s 50 day moving average is $19.07 and its 200-day moving average is $17.15.

MCBC Holdings (NASDAQ:MCFT) last announced its quarterly earnings results on Thursday, May 11th. The company reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.04. The firm had revenue of $58.50 million during the quarter, compared to the consensus estimate of $59.91 million. MCBC Holdings had a net margin of 8.06% and a negative return on equity of 4,067.61%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 EPS. On average, analysts anticipate that MCBC Holdings, Inc. will post $1.28 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Algert Global LLC Lowers Position in MCBC Holdings, Inc. (MCFT)” was first published by Watch List News and is the property of of Watch List News. If you are accessing this article on another domain, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The correct version of this article can be read at https://www.watchlistnews.com/algert-global-llc-lowers-position-in-mcbc-holdings-inc-mcft/1473080.html.

MCFT has been the topic of several research reports. ValuEngine upgraded shares of MCBC Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. BidaskClub lowered shares of MCBC Holdings from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. B. Riley reiterated a “buy” rating and set a $21.00 price objective on shares of MCBC Holdings in a research note on Wednesday, May 17th. Finally, Zacks Investment Research lowered shares of MCBC Holdings from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 12th.

In related news, CFO Timothy M. Oxley sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $18.84, for a total value of $141,300.00. Following the completion of the sale, the chief financial officer now directly owns 75,302 shares in the company, valued at approximately $1,418,689.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Terry D. Mcnew sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $18.84, for a total value of $94,200.00. Following the completion of the sale, the insider now owns 304,882 shares of the company’s stock, valued at $5,743,976.88. The disclosure for this sale can be found here. 54.90% of the stock is currently owned by insiders.

MCBC Holdings Company 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.

Want to see what other hedge funds are holding MCFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MCBC Holdings, Inc. (NASDAQ:MCFT).

Institutional Ownership by Quarter for MCBC Holdings (NASDAQ:MCFT)

Receive News & Ratings for MCBC Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MCBC Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.