MCBC Holdings, Inc. (MCFT) Holdings Lessened by Sei Investments Co.
Sei Investments Co. trimmed its position in MCBC Holdings, Inc. (NASDAQ:MCFT) by 25.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,713 shares of the company’s stock after selling 4,589 shares during the quarter. Sei Investments Co. owned approximately 0.07% of MCBC worth $279,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of MCBC by 13.1% in the 2nd quarter. Vanguard Group Inc. now owns 1,064,876 shares of the company’s stock valued at $20,818,000 after acquiring an additional 123,082 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of MCBC by 32.6% in the 2nd quarter. Renaissance Technologies LLC now owns 772,900 shares of the company’s stock valued at $15,110,000 after acquiring an additional 189,900 shares during the last quarter. Divisar Capital Management LLC increased its holdings in shares of MCBC by 18.3% in the 2nd quarter. Divisar Capital Management LLC now owns 705,100 shares of the company’s stock valued at $13,785,000 after acquiring an additional 108,912 shares during the last quarter. Hood River Capital Management LLC bought a new stake in shares of MCBC in the 2nd quarter valued at approximately $8,167,000. Finally, AJO LP increased its holdings in shares of MCBC by 253.5% in the 2nd quarter. AJO LP now owns 391,357 shares of the company’s stock valued at $7,651,000 after acquiring an additional 280,653 shares during the last quarter. Institutional investors and hedge funds own 93.95% of the company’s stock.
MCFT has been the subject of a number of research analyst reports. KeyCorp initiated coverage on MCBC in a report on Wednesday, August 30th. They issued an “overweight” rating for the company. Robert W. Baird reiterated a “buy” rating on shares of MCBC in a report on Friday, November 10th. B. Riley reiterated a “buy” rating and issued a $24.00 price target on shares of MCBC in a report on Friday, November 10th. Zacks Investment Research upgraded MCBC from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Thursday, November 9th. Finally, TheStreet upgraded MCBC from a “d+” rating to a “b-” rating in a report on Thursday, September 7th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $25.00.
MCBC Holdings, Inc. (NASDAQ MCFT) opened at $22.41 on Thursday. The company has a market capitalization of $436.14, a price-to-earnings ratio of 21.04, a P/E/G ratio of 0.99 and a beta of 1.25. 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 Holdings, Inc. has a 52 week low of $13.67 and a 52 week high of $23.99.
MCBC (NASDAQ:MCFT) last issued its quarterly earnings data on Friday, November 10th. The company reported $0.40 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.40. The firm had revenue of $65.00 million during the quarter, compared to the consensus estimate of $62.84 million. MCBC had a return on equity of 213.34% and a net margin of 8.43%. The firm’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.41 EPS. analysts anticipate that MCBC Holdings, Inc. will post 1.58 earnings per share for the current year.
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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.
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