Zacks Investment Research downgraded shares of MCBC (NASDAQ:MCFT) from a hold rating to a strong sell rating in a research note published on Tuesday.

According to Zacks, “MCBC Holdings, Inc. is a designer, manufacturer and marketer of MasterCraft brand premium performance sport boats. The Company offers water skiing, wakeboarding and luxury performance powerboats. MCBC Holdings, Inc. is headquartered Vonore, United States. “

MCFT has been the subject of a number of other research reports. B. Riley reaffirmed a buy rating and issued a $24.00 price objective on shares of MCBC in a research note on Friday, November 10th. Robert W. Baird reaffirmed a buy rating on shares of MCBC in a research note on Friday, November 10th. Aegis initiated coverage on shares of MCBC in a research note on Monday, October 2nd. They issued a buy rating and a $26.00 price objective for the company. ValuEngine cut shares of MCBC from a buy rating to a hold rating in a research note on Friday, December 1st. Finally, BidaskClub cut shares of MCBC from a hold rating to a sell rating in a research note on Friday, January 5th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. MCBC has a consensus rating of Hold and a consensus price target of $26.33.

Shares of MCBC (NASDAQ:MCFT) traded down $0.11 during trading on Tuesday, hitting $21.04. 82,687 shares of the stock were exchanged, compared to its average volume of 216,229. MCBC has a 12 month low of $13.67 and a 12 month high of $23.99. The stock has a market cap of $403.83 and a PE ratio of 20.04. The company has a quick ratio of 0.51, a current ratio of 0.78 and a debt-to-equity ratio of 1.54.

MCBC (NASDAQ:MCFT) last announced its quarterly earnings data on Friday, November 10th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.40. MCBC had a net margin of 10.83% and a return on equity of 183.58%. The company had revenue of $65.00 million during the quarter, compared to analysts’ expectations of $62.84 million. During the same quarter in the prior year, the company earned $0.41 EPS. The firm’s revenue was up 7.1% on a year-over-year basis. analysts predict that MCBC will post 1.57 earnings per share for the current year.

A number of large investors have recently bought and sold shares of MCFT. Russell Investments Group Ltd. raised its holdings in MCBC by 55.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 7,582 shares of the company’s stock valued at $154,000 after buying an additional 2,700 shares during the last quarter. Mesirow Financial Investment Management Inc. bought a new stake in MCBC during the 2nd quarter valued at $223,000. Nationwide Fund Advisors raised its holdings in MCBC by 222.1% during the 2nd quarter. Nationwide Fund Advisors now owns 13,969 shares of the company’s stock valued at $273,000 after buying an additional 9,632 shares during the last quarter. Trexquant Investment LP bought a new stake in MCBC during the 3rd quarter valued at $280,000. Finally, The Manufacturers Life Insurance Company raised its holdings in MCBC by 174.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,688 shares of the company’s stock valued at $326,000 after buying an additional 10,611 shares during the last quarter. Institutional investors own 93.95% of the company’s stock.

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About MCBC

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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