Wasatch Advisors Inc. Decreases Position in MCBC Holdings, Inc. (MCFT)
Wasatch Advisors Inc. cut its holdings in MCBC Holdings, Inc. (NASDAQ:MCFT) by 13.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 166,440 shares of the company’s stock after selling 24,865 shares during the period. Wasatch Advisors Inc. owned approximately 0.89% of MCBC Holdings worth $3,392,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its stake in shares of MCBC Holdings by 55.3% in the third quarter. Russell Investments Group Ltd. now owns 7,582 shares of the company’s stock valued at $154,000 after acquiring an additional 2,700 shares in the last quarter. Mesirow Financial Investment Management Inc. bought a new stake in MCBC Holdings during the second quarter worth about $223,000. Nationwide Fund Advisors lifted its position in MCBC Holdings 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 during the period. The Manufacturers Life Insurance Company lifted its position in MCBC Holdings by 174.6% during the second quarter. The Manufacturers Life Insurance Company now owns 16,688 shares of the company’s stock worth $326,000 after purchasing an additional 10,611 shares during the period. Finally, Rhumbline Advisers bought a new stake in MCBC Holdings during the second quarter worth about $371,000. Institutional investors and hedge funds own 91.66% of the company’s stock.
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MCFT has been the subject of several recent analyst reports. B. Riley reaffirmed a “buy” rating and set a $24.00 price objective on shares of MCBC Holdings in a research report on Friday, November 10th. Robert W. Baird reaffirmed a “buy” rating on shares of MCBC Holdings in a research report on Friday, November 10th. KeyCorp initiated coverage on shares of MCBC Holdings in a research report on Wednesday, August 30th. They set an “overweight” rating for the company. Zacks Investment Research raised shares of MCBC Holdings from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Thursday, November 9th. Finally, BidaskClub cut shares of MCBC Holdings from a “buy” rating to a “hold” rating in a research report on Sunday, July 30th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $25.00.
MCBC Holdings, Inc. (NASDAQ:MCFT) opened at $22.57 on Friday. The company has a market cap of $421.57, a PE ratio of 20.33, a PEG ratio of 0.95 and a beta of 1.27. 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 Holdings, Inc. has a fifty-two week low of $12.95 and a fifty-two week high of $23.42.
MCBC Holdings (NASDAQ:MCFT) last posted its earnings results on Friday, November 10th. The company reported $0.40 EPS for the quarter, hitting analysts’ consensus estimates of $0.40. The firm had revenue of $65.00 million during the quarter, compared to analysts’ expectations of $62.84 million. MCBC Holdings had a net margin of 8.43% and a return on equity of 213.34%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.41 earnings per share. equities research analysts forecast that MCBC Holdings, Inc. will post 1.58 EPS for the current fiscal year.
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.
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