Published On: Sat, Sep 17th, 2016

MCBC Holdings Inc. (MCFT) Stock Price Up 1.9%

MCBC Holdings Inc. (NASDAQ:MCFT) shares rose 1.9% on Friday . The stock traded as high as $11.25 and last traded at $11.19, with a volume of 192,107 shares changing hands. The stock had previously closed at $10.98.
MCFT has been the subject of several research reports. Zacks Investment Research cut shares of MCBC Holdings from a “hold” rating to a “strong sell” rating in a report on Thursday, July 7th. Robert W. Baird reissued an “outperform” rating on shares of MCBC Holdings in a report on Saturday, June 25th. B. Riley reissued a “buy” rating and set a $17.50 price objective on shares of MCBC Holdings in a report on Friday, September 9th. Finally, Wunderlich decreased their price objective on shares of MCBC Holdings from $20.00 to $18.00 and set a “buy” rating for the company in a report on Friday, May 27th.
The company’s 50 day moving average price is $11.65 and its 200 day moving average price is $12.58. The firm has a market capitalization of $204.13 million, a price-to-earnings ratio of 19.61 and a beta of 0.92.

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MCBC Holdings (NASDAQ:MCFT) last posted its earnings results on Thursday, September 8th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $53.40 million for the quarter, compared to the consensus estimate of $56.16 million. MCBC Holdings had a net margin of 4.61% and a return on equity of 38.50%. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.20 EPS. Equities analysts predict that MCBC Holdings Inc. will post $1.30 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Springhouse Capital Management LP increased its position in MCBC Holdings by 102.8% in the second quarter. Springhouse Capital Management LP now owns 605,758 shares of the company’s stock worth $6,694,000 after buying an additional 307,123 shares during the period. Vanguard Group Inc. boosted its stake in MCBC Holdings by 7.5% in the second quarter. Vanguard Group Inc. now owns 503,234 shares of the company’s stock worth $5,560,000 after buying an additional 35,199 shares in the last quarter. Royce & Associates LP boosted its stake in MCBC Holdings by 14.2% in the second quarter. Royce & Associates LP now owns 328,817 shares of the company’s stock worth $3,633,000 after buying an additional 41,000 shares in the last quarter. AWM Investment Company Inc. boosted its stake in MCBC Holdings by 37.7% in the second quarter. AWM Investment Company Inc. now owns 275,390 shares of the company’s stock worth $3,043,000 after buying an additional 75,390 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its stake in MCBC Holdings by 11.7% in the second quarter. BlackRock Fund Advisors now owns 201,613 shares of the company’s stock worth $2,228,000 after buying an additional 21,176 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.
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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