MCBC (MCFT) Downgraded by BidaskClub

MCBC (NASDAQ:MCFT) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Friday, January 5th.

A number of other analysts have also recently commented on the company. Zacks Investment Research cut MCBC from a “buy” rating to a “hold” rating in a research report on Wednesday, December 13th. B. Riley lifted their price target on MCBC from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, December 18th. Robert W. Baird reissued a “buy” rating on shares of MCBC in a report on Friday, November 10th. ValuEngine cut MCBC from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, TheStreet raised MCBC from a “d+” rating to a “b-” rating in a report on Thursday, September 7th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $26.33.

Shares of MCBC (NASDAQ MCFT) traded up $0.28 during mid-day trading on Friday, reaching $21.84. The company had a trading volume of 125,200 shares, compared to its average volume of 205,944. MCBC has a 1 year low of $13.67 and a 1 year high of $23.99. The company has a current ratio of 0.78, a quick ratio of 0.51 and a debt-to-equity ratio of 1.54. The stock has a market cap of $407.94, a P/E ratio of 20.60, a price-to-earnings-growth ratio of 0.92 and a beta of 1.25.

MCBC (NASDAQ:MCFT) last announced its earnings results on Friday, November 10th. The company reported $0.40 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40. MCBC had a return on equity of 213.34% and a net margin of 8.43%. The firm had revenue of $65.00 million for the quarter, compared to the consensus estimate of $62.84 million. During the same period in the previous year, the business earned $0.41 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. sell-side analysts predict that MCBC will post 1.58 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in MCBC by 13.1% in the 2nd quarter. Vanguard Group Inc. now owns 1,064,876 shares of the company’s stock worth $20,818,000 after purchasing an additional 123,082 shares during the period. Renaissance Technologies LLC increased its stake in MCBC by 32.6% during the 2nd quarter. Renaissance Technologies LLC now owns 772,900 shares of the company’s stock worth $15,110,000 after buying an additional 189,900 shares in the last quarter. Divisar Capital Management LLC increased its stake in MCBC by 18.3% during the 2nd quarter. Divisar Capital Management LLC now owns 705,100 shares of the company’s stock worth $13,785,000 after buying an additional 108,912 shares in the last quarter. Wells Fargo & Company MN increased its stake in MCBC by 7.0% during the 3rd quarter. Wells Fargo & Company MN now owns 529,091 shares of the company’s stock worth $10,783,000 after buying an additional 34,401 shares in the last quarter. Finally, Hood River Capital Management LLC increased its stake in MCBC by 2.2% during the 3rd quarter. Hood River Capital Management LLC now owns 426,876 shares of the company’s stock worth $8,700,000 after buying an additional 9,147 shares in the last quarter. 93.95% of the stock is owned by institutional investors.

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About MCBC

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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