Investment analysts at KeyCorp assumed coverage on shares of MCBC Holdings, Inc. (NASDAQ:MCFT) in a report released on Wednesday, August 30th. The firm set an “overweight” rating on the stock.
MCFT has been the subject of a number of other research reports. Zacks Investment Research cut shares of MCBC Holdings from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 12th. BidaskClub cut shares of MCBC Holdings from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. B. Riley restated a “buy” rating and issued a $21.00 price objective on shares of MCBC Holdings in a research report on Saturday, July 1st. Finally, ValuEngine upgraded shares of MCBC Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $18.25.
Shares of MCBC Holdings (NASDAQ MCFT) traded up 0.11% during trading on Wednesday, hitting $18.35. The stock had a trading volume of 154,156 shares. The stock has a 50-day moving average of $18.27 and a 200 day moving average of $16.85. MCBC Holdings has a 12-month low of $10.84 and a 12-month high of $18.70. The firm has a market cap of $341.99 million, a price-to-earnings ratio of 17.48 and a beta of 1.15.
MCBC Holdings (NASDAQ:MCFT) last posted its earnings results on Thursday, September 7th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. MCBC Holdings had a net margin of 8.56% and a return on equity of 443.78%. The company had revenue of $58.30 million during the quarter, compared to analysts’ expectations of $56.89 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. MCBC Holdings’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, analysts predict that MCBC Holdings will post $1.45 earnings per share for the current fiscal year.
Several institutional investors have recently modified their holdings of MCFT. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of MCBC Holdings during the 1st quarter valued at $103,000. Bank of Montreal Can bought a new stake in shares of MCBC Holdings during the 1st quarter valued at $170,000. Mesirow Financial Investment Management Inc. bought a new stake in shares of MCBC Holdings during the 2nd quarter valued at $223,000. Alambic Investment Management L.P. bought a new stake in shares of MCBC Holdings during the 1st quarter valued at $244,000. Finally, Nationwide Fund Advisors raised its position in shares of MCBC Holdings 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 acquiring an additional 9,632 shares during the last quarter. Institutional investors own 95.46% of the company’s stock.
MCBC Holdings Company Profile
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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