Chicago Equity Partners LLC Raises Holdings in MCBC Holdings, Inc. (MCFT)
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.
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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.
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