Shares of MCBC Holdings, Inc. (NASDAQ:MCFT) have earned an average recommendation of “Buy” from the seven brokerages that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $25.00.

Several equities research analysts recently commented on the stock. B. Riley reissued a “buy” rating and issued a $24.00 price target (up previously from $21.50) on shares of MCBC Holdings in a report on Tuesday, October 3rd. Aegis assumed coverage on shares of MCBC Holdings in a report on Monday, October 2nd. They issued a “buy” rating and a $26.00 price target for the company. TheStreet raised shares of MCBC Holdings from a “d+” rating to a “b-” rating in a report on Thursday, September 7th. KeyCorp assumed coverage on shares of MCBC Holdings in a report on Wednesday, August 30th. They issued an “overweight” rating for the company. Finally, Zacks Investment Research raised shares of MCBC Holdings from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 29th.

Several hedge funds have recently made changes to their positions in the company. Chicago Equity Partners LLC boosted its position in shares of MCBC Holdings by 8.6% during the 3rd quarter. Chicago Equity Partners LLC now owns 80,750 shares of the company’s stock valued at $1,646,000 after acquiring an additional 6,410 shares during the last quarter. First Quadrant L P CA boosted its position in shares of MCBC Holdings by 3,276.2% during the 3rd quarter. First Quadrant L P CA now owns 47,942 shares of the company’s stock valued at $977,000 after acquiring an additional 46,522 shares during the last quarter. Mesirow Financial Investment Management Inc. acquired a new position in shares of MCBC Holdings during the 2nd quarter valued at about $223,000. California State Teachers Retirement System boosted its position in shares of MCBC Holdings by 110.6% during the 2nd quarter. California State Teachers Retirement System now owns 32,563 shares of the company’s stock valued at $637,000 after acquiring an additional 17,100 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of MCBC Holdings by 174.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,688 shares of the company’s stock valued at $326,000 after acquiring an additional 10,611 shares during the last quarter. 93.65% of the stock is currently owned by hedge funds and other institutional investors.

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MCBC Holdings (NASDAQ:MCFT) last posted its earnings results on Thursday, September 7th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. The firm had revenue of $58.30 million during the quarter, compared to analyst estimates of $56.89 million. MCBC Holdings had a net margin of 8.56% and a return on equity of 443.78%. The business’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS.

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.

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