Vanguard Group Inc. grew its holdings in MCBC Holdings, Inc. (NASDAQ:MCFT) by 13.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,064,876 shares of the company’s stock after acquiring an additional 123,082 shares during the quarter. Vanguard Group Inc. owned 5.71% of MCBC Holdings worth $20,818,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of MCFT. Bank of New York Mellon Corp lifted its holdings in shares of MCBC Holdings by 3.3% during the first quarter. Bank of New York Mellon Corp now owns 82,128 shares of the company’s stock worth $1,328,000 after purchasing an additional 2,611 shares during the period. Teachers Advisors LLC lifted its holdings in shares of MCBC Holdings by 93.2% during the first quarter. Teachers Advisors LLC now owns 97,063 shares of the company’s stock worth $1,570,000 after purchasing an additional 46,822 shares during the period. TIAA CREF Investment Management LLC lifted its holdings in shares of MCBC Holdings by 45.0% during the first quarter. TIAA CREF Investment Management LLC now owns 125,075 shares of the company’s stock worth $2,022,000 after purchasing an additional 38,803 shares during the period. Geode Capital Management LLC lifted its holdings in shares of MCBC Holdings by 10.1% during the first quarter. Geode Capital Management LLC now owns 281,980 shares of the company’s stock worth $4,558,000 after purchasing an additional 25,941 shares during the period. Finally, Morgan Stanley lifted its holdings in shares of MCBC Holdings by 5.9% during the first quarter. Morgan Stanley now owns 108,549 shares of the company’s stock worth $1,756,000 after purchasing an additional 6,026 shares during the period. 93.38% of the stock is owned by institutional investors and hedge funds.
MCFT has been the subject of a number of research reports. BidaskClub downgraded MCBC Holdings from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research raised MCBC Holdings from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 29th. KeyCorp initiated coverage on MCBC Holdings in a report on Wednesday, August 30th. They set an “overweight” rating for the company. B. Riley reaffirmed a “buy” rating and set a $21.50 target price on shares of MCBC Holdings in a report on Friday, September 8th. Finally, TheStreet raised MCBC Holdings from a “d+” rating to a “b-” rating in a report on Thursday, September 7th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $25.00.
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MCBC Holdings, Inc. (NASDAQ MCFT) opened at $22.32 on Wednesday. MCBC Holdings, Inc. has a twelve month low of $12.73 and a twelve month high of $23.42. The stock has a market capitalization of $401.40, a P/E ratio of 19.36, a price-to-earnings-growth ratio of 0.88 and a beta of 1.27. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.59 and a quick ratio of 0.27.
MCBC Holdings (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. MCBC Holdings had a return on equity of 313.55% and a net margin of 8.43%. The company had revenue of $65.00 million during the quarter, compared to the consensus estimate of $62.84 million. During the same period in the previous year, the company posted $0.41 earnings per share. MCBC Holdings’s revenue for the quarter was up 7.1% on a year-over-year basis. equities research analysts predict that MCBC Holdings, Inc. will post 1.62 EPS for the current fiscal year.
MCBC Holdings 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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