Chicago Equity Partners LLC grew its holdings in shares of MCBC Holdings, Inc. (NASDAQ:MCFT) by 84.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,340 shares of the company’s stock after purchasing an additional 33,980 shares during the quarter. Chicago Equity Partners LLC owned about 0.40% of MCBC Holdings worth $1,453,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MCFT. Teachers Advisors LLC boosted its position in MCBC Holdings by 158.6% during the fourth quarter. Teachers Advisors LLC now owns 50,241 shares of the company’s stock worth $733,000 after purchasing an additional 30,815 shares during the period. Bank of Montreal Can bought a new position in shares of MCBC Holdings in the first quarter valued at approximately $170,000. Acadian Asset Management LLC boosted its position in shares of MCBC Holdings by 55.5% in the first quarter. Acadian Asset Management LLC now owns 69,764 shares of the company’s stock valued at $1,129,000 after acquiring an additional 24,889 shares during the period. Strs Ohio bought a new position in shares of MCBC Holdings in the first quarter valued at approximately $603,000. Finally, American Century Companies Inc. boosted its position in shares of 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 acquiring an additional 46,624 shares during the period. Hedge funds and other institutional investors own 95.46% of the company’s stock.

MCBC Holdings, Inc. (NASDAQ MCFT) opened at 18.02 on Friday. The company has a market capitalization of $335.86 million, a price-to-earnings ratio of 18.63 and a beta of 1.15. MCBC Holdings, Inc. has a 52-week low of $10.44 and a 52-week high of $20.22. The stock has a 50 day moving average of $18.04 and a 200-day moving average of $17.58.

MCBC Holdings (NASDAQ:MCFT) last released its earnings results on Thursday, September 7th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.02. The company had revenue of $58.30 million during the quarter, compared to analyst estimates of $56.89 million. MCBC Holdings had a net margin of 8.06% and a negative return on equity of 4,067.61%. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 EPS. On average, equities research analysts anticipate that MCBC Holdings, Inc. will post $1.29 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This article was first posted by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another publication, it was stolen and reposted in violation of US and international copyright law. The original version of this article can be viewed at https://www.watchlistnews.com/chicago-equity-partners-llc-raises-holdings-in-mcbc-holdings-inc-mcft/1548033.html.

A number of equities analysts have recently commented on MCFT shares. BidaskClub lowered shares of MCBC Holdings from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research lowered shares of MCBC Holdings from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 12th. ValuEngine upgraded shares of MCBC Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. KeyCorp started coverage on shares of MCBC Holdings in a research report on Wednesday, August 30th. They issued an “overweight” rating for the company. Finally, B. Riley restated a “buy” rating and issued a $21.00 price objective on shares of MCBC Holdings in a research report on Saturday, July 1st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. MCBC Holdings currently has a consensus rating of “Buy” and a consensus target price of $18.25.

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.

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.