Wells Fargo & Company MN trimmed its holdings in shares of MCBC Holdings Inc (NASDAQ:MCFT) by 31.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 409,497 shares of the company’s stock after selling 188,884 shares during the quarter. Wells Fargo & Company MN owned approximately 2.19% of MCBC worth $14,692,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. BlackRock Inc. grew its position in MCBC by 1.8% during the second quarter. BlackRock Inc. now owns 2,265,353 shares of the company’s stock valued at $65,583,000 after buying an additional 40,893 shares during the period. Renaissance Technologies LLC grew its position in MCBC by 14.7% during the second quarter. Renaissance Technologies LLC now owns 1,463,800 shares of the company’s stock valued at $42,377,000 after buying an additional 187,200 shares during the period. Millennium Management LLC grew its position in MCBC by 18.1% during the second quarter. Millennium Management LLC now owns 464,076 shares of the company’s stock valued at $13,435,000 after buying an additional 71,031 shares during the period. Dimensional Fund Advisors LP grew its position in MCBC by 39.2% during the second quarter. Dimensional Fund Advisors LP now owns 413,840 shares of the company’s stock valued at $11,981,000 after buying an additional 116,463 shares during the period. Finally, Assenagon Asset Management S.A. bought a new stake in MCBC during the third quarter valued at approximately $10,674,000. Institutional investors own 91.75% of the company’s stock.

Shares of NASDAQ:MCFT opened at $23.74 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.37 and a debt-to-equity ratio of 1.17. MCBC Holdings Inc has a 1-year low of $20.44 and a 1-year high of $39.50. The company has a market cap of $458.30 million, a price-to-earnings ratio of 11.69, a PEG ratio of 0.61 and a beta of 1.26.

MCBC (NASDAQ:MCFT) last issued its quarterly earnings results on Friday, November 9th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.03. MCBC had a net margin of 11.37% and a return on equity of 90.10%. The business had revenue of $93.60 million for the quarter, compared to the consensus estimate of $90.93 million. During the same quarter in the previous year, the firm earned $0.40 earnings per share. The company’s revenue for the quarter was up 44.0% on a year-over-year basis. On average, equities research analysts predict that MCBC Holdings Inc will post 2.69 EPS for the current fiscal year.

In other news, insider Terry D. Mcnew purchased 3,545 shares of the stock in a transaction on Wednesday, November 14th. The shares were acquired at an average price of $28.14 per share, with a total value of $99,756.30. Following the completion of the acquisition, the insider now directly owns 320,062 shares of the company’s stock, valued at $9,006,544.68. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.79% of the stock is owned by insiders.

MCFT has been the subject of several recent research reports. BidaskClub upgraded shares of MCBC from a “sell” rating to a “hold” rating in a research report on Tuesday, August 14th. Zacks Investment Research upgraded shares of MCBC from a “sell” rating to a “hold” rating in a research report on Thursday, August 23rd. ValuEngine upgraded shares of MCBC from a “hold” rating to a “buy” rating in a research report on Friday, September 7th. B. Riley boosted their target price on shares of MCBC from $28.00 to $36.50 and gave the company a “buy” rating in a research report on Friday, September 7th. Finally, Robert W. Baird boosted their target price on shares of MCBC from $38.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday, September 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $40.33.

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About MCBC

MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. The company operates in two segments, MasterCraft and NauticStar. It offers sport boats and outboard boats, which are used for water skiing, wakeboarding, wake surfing, and fishing, as well as general recreational boating.

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Institutional Ownership by Quarter for MCBC (NASDAQ:MCFT)

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