Dalton Greiner Hartman Maher & Co. Purchases New Stake in MCBC Holdings Inc (MCFT)
Dalton Greiner Hartman Maher & Co. purchased a new position in shares of MCBC Holdings Inc (NASDAQ:MCFT) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 175,186 shares of the company’s stock, valued at approximately $3,893,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Russell Investments Group Ltd. raised its position in MCBC by 55.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 7,582 shares of the company’s stock worth $154,000 after buying an additional 2,700 shares during the last quarter. Mesirow Financial Investment Management Inc. purchased a new position in MCBC during the 2nd quarter worth approximately $223,000. Trexquant Investment LP acquired a new stake in shares of MCBC during the 3rd quarter worth approximately $280,000. Nationwide Fund Advisors grew its stake in shares of MCBC by 222.1% during the 2nd quarter. Nationwide Fund Advisors now owns 13,969 shares of the company’s stock worth $273,000 after purchasing an additional 9,632 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in shares of MCBC by 174.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,688 shares of the company’s stock worth $326,000 after purchasing an additional 10,611 shares during the period. 93.95% of the stock is owned by institutional investors.
A number of brokerages have recently commented on MCFT. BidaskClub cut shares of MCBC from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. B. Riley raised their price objective on shares of MCBC from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, December 18th. Zacks Investment Research cut shares of MCBC from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Aegis began coverage on shares of MCBC in a research note on Monday, October 2nd. They set a “buy” rating and a $26.00 price objective on the stock. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of MCBC in a research note on Friday, November 10th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $26.33.
Shares of MCBC Holdings Inc (NASDAQ MCFT) opened at $21.56 on Friday. The company has a market cap of $403.83 and a P/E ratio of 20.53. MCBC Holdings Inc has a one year low of $13.67 and a one year high of $23.99. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.51 and a current ratio of 0.78.
MCBC (NASDAQ:MCFT) last issued its quarterly earnings data on Friday, November 10th. The company reported $0.40 EPS for the quarter, hitting analysts’ consensus estimates of $0.40. The business had revenue of $65.00 million for the quarter, compared to analysts’ expectations of $62.84 million. MCBC had a net margin of 10.83% and a return on equity of 183.58%. The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the company earned $0.41 EPS. research analysts forecast that MCBC Holdings Inc will post 1.57 earnings per share for the current fiscal year.
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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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