MCBC Holdings Inc (MCFT) Given Average Rating of “Buy” by Brokerages
MCBC Holdings Inc (NASDAQ:MCFT) has been given a consensus rating of “Buy” by the eight brokerages that are currently covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a buy rating. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $28.06.
A number of research firms have recently weighed in on MCFT. BidaskClub upgraded MCBC from a “sell” rating to a “hold” rating in a research report on Saturday, January 20th. Zacks Investment Research upgraded MCBC from a “sell” rating to a “hold” rating in a research report on Wednesday, January 17th. Robert W. Baird restated a “buy” rating on shares of MCBC in a research report on Thursday, February 8th. B. Riley restated a “buy” rating on shares of MCBC in a research report on Monday, January 29th. Finally, ValuEngine upgraded MCBC from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd.
Hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its position in shares of MCBC by 55.3% during the third quarter. Russell Investments Group Ltd. now owns 7,582 shares of the company’s stock worth $154,000 after acquiring an additional 2,700 shares during the last quarter. MetLife Investment Advisors LLC bought a new stake in shares of MCBC during the fourth quarter worth $205,000. Ellington Management Group LLC bought a new stake in shares of MCBC during the fourth quarter worth $227,000. Nationwide Fund Advisors grew its stake in shares of MCBC by 222.1% during the second 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, CAPROCK Group Inc. acquired a new stake in shares of MCBC during the fourth quarter worth $279,000. Institutional investors own 99.18% of the company’s stock.
MCBC (NASDAQ:MCFT) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.09. MCBC had a return on equity of 149.34% and a net margin of 9.07%. The firm had revenue of $78.40 million during the quarter, compared to the consensus estimate of $74.65 million. During the same quarter in the previous year, the company posted $0.26 EPS. The business’s revenue for the quarter was up 53.4% compared to the same quarter last year. equities research analysts expect that MCBC will post 1.79 earnings per share for the current year.
TRADEMARK VIOLATION WARNING: “MCBC Holdings Inc (MCFT) Given Average Rating of “Buy” by Brokerages” was first published by Watch List News and is owned by of Watch List News. If you are accessing this piece on another site, it was illegally copied and reposted in violation of United States and international trademark and copyright legislation. The original version of this piece can be viewed at https://www.watchlistnews.com/mcbc-holdings-inc-mcft-given-average-rating-of-buy-by-brokerages/1908022.html.
MCBC 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.
Receive News & Ratings for MCBC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MCBC and related companies with MarketBeat.com's FREE daily email newsletter.