MCBC Holdings Inc (MCFT) Shares Bought by Allianz Asset Management GmbH

Allianz Asset Management GmbH boosted its stake in shares of MCBC Holdings Inc (NASDAQ:MCFT) by 2.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 418,059 shares of the company’s stock after buying an additional 11,519 shares during the quarter. Allianz Asset Management GmbH owned approximately 2.23% of MCBC worth $15,000,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in MCFT. Alps Advisors Inc. grew its stake in shares of MCBC by 42.2% during the second quarter. Alps Advisors Inc. now owns 25,840 shares of the company’s stock worth $574,000 after purchasing an additional 7,670 shares during the period. Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of MCBC by 24.4% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 22,094 shares of the company’s stock worth $640,000 after purchasing an additional 4,340 shares during the period. Wells Fargo & Company MN grew its stake in shares of MCBC by 42.9% during the second quarter. Wells Fargo & Company MN now owns 598,381 shares of the company’s stock worth $17,324,000 after purchasing an additional 179,691 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of MCBC during the second quarter worth $783,000. Finally, First Trust Advisors LP grew its stake in shares of MCBC by 18.6% during the second quarter. First Trust Advisors LP now owns 18,845 shares of the company’s stock worth $546,000 after purchasing an additional 2,951 shares during the period. Institutional investors own 91.75% of the company’s stock.

A number of brokerages recently commented on MCFT. Zacks Investment Research raised MCBC from a “sell” rating to a “hold” rating in a research note on Saturday, September 1st. BidaskClub raised MCBC from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 15th. Raymond James lifted their price objective on MCBC from $36.00 to $44.00 and gave the stock a “strong-buy” rating in a research note on Thursday, September 20th. Wells Fargo & Co boosted their target price on MCBC from $36.00 to $41.00 and gave the company an “outperform” rating in a research note on Monday, September 24th. They noted that the move was a valuation call. Finally, B. Riley boosted their target price on MCBC from $36.50 to $44.00 and gave the company a “buy” rating in a research note on Monday, September 17th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $40.33.

In other news, insider Terry D. Mcnew purchased 3,545 shares of the business’s stock in a transaction dated Wednesday, November 14th. The shares were bought at an average cost of $28.14 per share, for a total transaction of $99,756.30. Following the completion of the acquisition, the insider now directly owns 320,062 shares in the company, valued at approximately $9,006,544.68. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.79% of the company’s stock.

Shares of MCBC stock opened at $22.62 on Monday. The stock has a market capitalization of $423.47 million, a PE ratio of 11.14, a PEG ratio of 0.56 and a beta of 1.26. MCBC Holdings Inc has a one year low of $20.44 and a one year high of $39.50. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.37 and a current ratio of 0.77.

MCBC (NASDAQ:MCFT) last issued its quarterly earnings results on Friday, November 9th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. The company had revenue of $93.60 million for the quarter, compared to analyst estimates of $90.93 million. MCBC had a return on equity of 90.10% and a net margin of 11.37%. The company’s quarterly revenue was up 44.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.40 earnings per share. Analysts predict that MCBC Holdings Inc will post 2.69 earnings per share for the current fiscal year.

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About MCBC

MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. The company operates in two segments, MasterCraft and NauticStar. It offers sport boats and outboard boats, which are used for water skiing, wakeboarding, wake surfing, and fishing, as well as general recreational boating.

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Institutional Ownership by Quarter for MCBC (NASDAQ:MCFT)

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