MCBC Holdings Inc (NASDAQ:MCFT)’s share price reached a new 52-week high during trading on Friday following a stronger than expected earnings report. The stock traded as high as $25.12 and last traded at $24.78, with a volume of 444562 shares. The stock had previously closed at $22.25.

The company reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.09. MCBC had a return on equity of 213.34% and a net margin of 8.43%. The company had revenue of $78.40 million during the quarter, compared to analyst estimates of $74.65 million. During the same quarter last year, the company earned $0.26 EPS. The firm’s revenue for the quarter was up 53.4% on a year-over-year basis.

A number of research analysts recently weighed in on MCFT shares. Zacks Investment Research lowered MCBC from a “buy” rating to a “hold” rating in a research report on Wednesday, December 13th. B. Riley restated a “buy” rating and issued a $24.00 price target on shares of MCBC in a research note on Friday, November 10th. Robert W. Baird restated a “buy” rating on shares of MCBC in a research note on Friday, November 10th. BidaskClub upgraded MCBC from a “hold” rating to a “buy” rating in a research note on Friday, January 26th. Finally, ValuEngine upgraded MCBC from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $27.00.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MCFT. Chicago Equity Partners LLC increased its holdings in shares of MCBC by 8.6% in the third quarter. Chicago Equity Partners LLC now owns 80,750 shares of the company’s stock worth $1,646,000 after purchasing an additional 6,410 shares during the last quarter. Nationwide Fund Advisors increased its position 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 in the last quarter. Northern Trust Corp increased its position in shares of MCBC by 105.9% during the second quarter. Northern Trust Corp now owns 204,206 shares of the company’s stock worth $3,993,000 after purchasing an additional 105,026 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of MCBC by 7.0% during the third quarter. Wells Fargo & Company MN now owns 529,091 shares of the company’s stock worth $10,783,000 after purchasing an additional 34,401 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of MCBC by 96.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 29,900 shares of the company’s stock worth $585,000 after purchasing an additional 14,700 shares in the last quarter. Institutional investors own 96.63% of the company’s stock.

The stock has a market capitalization of $424.93, a PE ratio of 24.28, a PEG ratio of 0.96 and a beta of 1.25. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.78 and a quick ratio of 0.51.

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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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