MCBC (MCFT) Raised to “Hold” at BidaskClub

MCBC (NASDAQ:MCFT) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Saturday.

Several other analysts have also recently issued reports on MCFT. Aegis started coverage on MCBC in a research note on Monday, October 2nd. They set a “buy” rating and a $26.00 price objective on the stock. B. Riley restated a “buy” rating and set a $24.00 price objective (up previously from $21.50) on shares of MCBC in a research note on Tuesday, October 3rd. Zacks Investment Research upgraded MCBC from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Thursday, November 9th. Robert W. Baird restated a “buy” rating on shares of MCBC in a research note on Friday, November 10th. Finally, ValuEngine cut MCBC from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $26.33.

MCBC (NASDAQ:MCFT) opened at $22.51 on Friday. The company has a market capitalization of $410.93, a PE ratio of 21.24, a P/E/G ratio of 0.93 and a beta of 1.25. MCBC has a 1-year low of $13.67 and a 1-year high of $23.99. 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 (NASDAQ:MCFT) last issued its quarterly earnings results on Friday, November 10th. The company reported $0.40 EPS for the quarter, meeting analysts’ consensus estimates of $0.40. The firm had revenue of $65.00 million during the quarter, compared to the consensus estimate of $62.84 million. MCBC had a return on equity of 213.34% and a net margin of 8.43%. MCBC’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.41 earnings per share. equities analysts forecast that MCBC will post 1.58 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. raised its stake in MCBC by 55.3% during the third quarter. Russell Investments Group Ltd. now owns 7,582 shares of the company’s stock valued at $154,000 after buying an additional 2,700 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in MCBC by 1.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 188,737 shares of the company’s stock valued at $3,690,000 after buying an additional 3,469 shares in the last quarter. Mckinley Capital Management LLC Delaware raised its stake in MCBC by 1.6% during the third quarter. Mckinley Capital Management LLC Delaware now owns 245,980 shares of the company’s stock valued at $5,013,000 after buying an additional 3,764 shares in the last quarter. Ameriprise Financial Inc. raised its stake in MCBC by 6.6% during the third quarter. Ameriprise Financial Inc. now owns 74,290 shares of the company’s stock valued at $1,514,000 after buying an additional 4,576 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in MCBC by 5.5% during the second quarter. Teachers Advisors LLC now owns 102,399 shares of the company’s stock valued at $2,002,000 after buying an additional 5,336 shares in the last quarter. Hedge funds and other institutional investors own 93.95% 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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