MCBC (NASDAQ:MCFT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.
According to Zacks, “MCBC Holdings, Inc. is a designer, manufacturer and marketer of MasterCraft brand premium performance sport boats. The Company offers water skiing, wakeboarding and luxury performance powerboats. MCBC Holdings, Inc. is headquartered Vonore, United States. “
MCFT has been the subject of a number of other reports. BidaskClub downgraded MCBC from a “hold” rating to a “sell” rating in a report on Friday, January 5th. B. Riley boosted their price objective on MCBC from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, December 18th. Aegis began coverage on MCBC in a research note on Monday, October 2nd. They set a “buy” rating and a $26.00 price target for the company. 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $26.33.
Shares of MCBC (NASDAQ MCFT) traded down $0.02 during trading on Wednesday, hitting $21.98. The stock had a trading volume of 87,600 shares, compared to its average volume of 182,117. MCBC has a 1-year low of $13.67 and a 1-year high of $23.99. The firm has a market capitalization of $410.93, a P/E ratio of 20.74, a PEG ratio of 0.93 and a beta of 1.25. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.51 and a current ratio of 0.78.
MCBC (NASDAQ:MCFT) last announced its quarterly earnings results on Friday, November 10th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate 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%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.41 earnings per share. analysts forecast that MCBC will post 1.58 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its stake in shares of MCBC by 55.3% during the third quarter. Russell Investments Group Ltd. now owns 7,582 shares of the company’s stock worth $154,000 after purchasing an additional 2,700 shares during the last quarter. Mesirow Financial Investment Management Inc. purchased a new stake in shares of MCBC during the second quarter worth approximately $223,000. CAPROCK Group Inc. purchased a new stake in shares of MCBC during the fourth quarter worth approximately $279,000. Trexquant Investment LP purchased a new stake in shares of MCBC during the third quarter worth approximately $280,000. Finally, Nationwide Fund Advisors raised its stake in shares of MCBC by 222.1% during the second quarter. Nationwide Fund Advisors now owns 13,969 shares of the company’s stock worth $273,000 after purchasing an additional 9,632 shares during the last quarter. Institutional investors and hedge funds 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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