Paloma Partners Management Co decreased its position in shares of MCBC Holdings Inc (NASDAQ:MCFT) by 14.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,754 shares of the company’s stock after selling 2,715 shares during the quarter. Paloma Partners Management Co owned approximately 0.08% of MCBC worth $456,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Capital Fund Management S.A. acquired a new stake in shares of MCBC during the 2nd quarter valued at $208,000. Voya Investment Management LLC acquired a new position in MCBC during the 2nd quarter worth about $201,000. Dynamic Technology Lab Private Ltd acquired a new position in MCBC during the 2nd quarter worth about $340,000. Laurion Capital Management LP acquired a new position in MCBC during the 2nd quarter worth about $961,000. Finally, Renaissance Technologies LLC lifted its holdings in MCBC by 14.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,463,800 shares of the company’s stock worth $42,377,000 after buying an additional 187,200 shares during the period. 93.79% of the stock is currently owned by institutional investors.

MCFT stock opened at $37.20 on Tuesday. MCBC Holdings Inc has a 1-year low of $18.33 and a 1-year high of $39.50. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.73 and a quick ratio of 0.33. The stock has a market capitalization of $691.00 million, a PE ratio of 18.27, a price-to-earnings-growth ratio of 1.03 and a beta of 1.09.

MCBC (NASDAQ:MCFT) last posted its quarterly earnings data on Thursday, September 6th. The company reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.15. MCBC had a return on equity of 108.42% and a net margin of 11.92%. The firm had revenue of $95.43 million during the quarter, compared to analyst estimates of $89.29 million. During the same period last year, the company posted $0.35 EPS. The business’s quarterly revenue was up 63.6% on a year-over-year basis. analysts expect that MCBC Holdings Inc will post 2.4 earnings per share for the current year.

MCFT has been the topic of several recent research reports. ValuEngine raised MCBC from a “hold” rating to a “buy” rating in a report on Friday, September 7th. Zacks Investment Research raised MCBC from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Wednesday, July 11th. BidaskClub raised MCBC from a “hold” rating to a “buy” rating in a report on Friday, September 7th. B. Riley lifted their target price on MCBC from $28.00 to $36.50 and gave the stock a “buy” rating in a report on Friday, September 7th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $26.00 target price on shares of MCBC in a report on Friday, July 20th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $37.71.

MCBC Profile

MCBC Holdings, Inc, through its subsidiaries, innovates, designs, manufactures, and markets recreational sport boats in North America and internationally. The company offers recreational performance sport boats, which are primarily used for water skiing, wakeboarding, and wake surfing, as well as general recreational boating.

Featured Story: Return on Investment (ROI)

Institutional Ownership by Quarter for MCBC (NASDAQ:MCFT)

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.