Schwab Charles Investment Management Inc. grew its position in MCBC Holdings, Inc. (NASDAQ:MCFT) by 96.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,900 shares of the company’s stock after purchasing an additional 14,700 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.16% of MCBC Holdings worth $585,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MCFT. Vanguard Group Inc. raised its position in shares of MCBC Holdings by 23.4% in the first quarter. Vanguard Group Inc. now owns 941,794 shares of the company’s stock valued at $15,229,000 after purchasing an additional 178,652 shares during the period. AQR Capital Management LLC raised its position in shares of MCBC Holdings by 703.9% in the first quarter. AQR Capital Management LLC now owns 135,880 shares of the company’s stock valued at $2,197,000 after purchasing an additional 118,977 shares during the period. Teachers Advisors LLC raised its position in shares of MCBC Holdings by 93.2% in the first quarter. Teachers Advisors LLC now owns 97,063 shares of the company’s stock valued at $1,570,000 after purchasing an additional 46,822 shares during the period. TIAA CREF Investment Management LLC raised its position in shares of MCBC Holdings by 45.0% in the first quarter. TIAA CREF Investment Management LLC now owns 125,075 shares of the company’s stock valued at $2,022,000 after purchasing an additional 38,803 shares during the period. Finally, Spark Investment Management LLC raised its position in shares of MCBC Holdings by 23.8% in the second quarter. Spark Investment Management LLC now owns 168,500 shares of the company’s stock valued at $3,294,000 after purchasing an additional 32,400 shares during the period. 93.65% of the stock is currently owned by institutional investors.

MCBC Holdings, Inc. (NASDAQ:MCFT) opened at $23.03 on Friday. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.27 and a current ratio of 0.59. The stock has a market capitalization of $428.10 million, a PE ratio of 21.07, a price-to-earnings-growth ratio of 1.63 and a beta of 1.27.

MCBC Holdings (NASDAQ:MCFT) last issued its earnings results on Thursday, September 7th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. MCBC Holdings had a net margin of 8.56% and a return on equity of 443.78%. The company had revenue of $58.30 million for the quarter, compared to analyst estimates of $56.89 million. During the same period in the prior year, the business posted $0.30 earnings per share. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. equities analysts predict that MCBC Holdings, Inc. will post 1.41 earnings per share for the current fiscal year.

A number of equities analysts have recently commented on MCFT shares. KeyCorp started coverage on shares of MCBC Holdings in a research report on Wednesday, August 30th. They issued an “overweight” rating on the stock. 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. TheStreet raised shares of MCBC Holdings from a “d+” rating to a “b-” rating in a research report on Thursday, September 7th. Finally, Aegis assumed coverage on shares of MCBC Holdings in a research report on Monday, October 2nd. They set a “buy” rating and a $26.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. MCBC Holdings presently has a consensus rating of “Buy” and an average target price of $25.00.

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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)

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