MCBC (NASDAQ:MCFT) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Friday, March 9th.
MCFT has been the topic of a number of other reports. Zacks Investment Research downgraded MCBC from a “buy” rating to a “hold” rating in a research note on Wednesday, December 13th. B. Riley reiterated a “buy” rating and set a $24.00 target price on shares of MCBC in a research report on Friday, November 10th. Robert W. Baird reiterated a “buy” rating on shares of MCBC in a research report on Friday, November 10th. Finally, ValuEngine upgraded MCBC from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Seven research analysts have rated the stock with a buy rating, MCBC has a consensus rating of “Buy” and a consensus target price of $28.06.
Shares of NASDAQ:MCFT traded down $0.82 during trading on Friday, reaching $24.38. The company had a trading volume of 112,055 shares, compared to its average volume of 194,696. The company has a current ratio of 0.62, a quick ratio of 0.23 and a debt-to-equity ratio of 3.29. MCBC has a fifty-two week low of $15.58 and a fifty-two week high of $28.62. The firm has a market cap of $470.71, a P/E ratio of 19.35, a PEG ratio of 0.94 and a beta of 1.12.
MCBC (NASDAQ:MCFT) last posted its quarterly earnings results on Thursday, February 8th. 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 149.34% and a net margin of 9.07%. The firm had revenue of $78.40 million for the quarter, compared to the consensus estimate of $74.65 million. During the same period in the previous year, the business earned $0.26 earnings per share. The company’s revenue for the quarter was up 53.4% compared to the same quarter last year. research analysts forecast that MCBC will post 1.79 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. increased its stake in MCBC 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 purchasing an additional 2,700 shares during the last quarter. Mckinley Capital Management LLC Delaware increased its stake in MCBC by 1.6% in the third quarter. Mckinley Capital Management LLC Delaware now owns 245,980 shares of the company’s stock valued at $5,013,000 after purchasing an additional 3,764 shares during the last quarter. Teachers Advisors LLC increased its stake in MCBC by 3.6% in the fourth quarter. Teachers Advisors LLC now owns 109,140 shares of the company’s stock valued at $2,425,000 after purchasing an additional 3,841 shares during the last quarter. Ameriprise Financial Inc. increased its stake in MCBC by 6.6% in the third quarter. Ameriprise Financial Inc. now owns 74,290 shares of the company’s stock valued at $1,514,000 after purchasing an additional 4,576 shares during the last quarter. Finally, Chicago Equity Partners LLC increased its stake in MCBC by 7.2% in the fourth quarter. Chicago Equity Partners LLC now owns 86,590 shares of the company’s stock valued at $1,924,000 after purchasing an additional 5,840 shares during the last quarter. Hedge funds and other institutional investors own 95.38% of the company’s stock.
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MCBC 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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