MCBC Holdings Inc. (MCFT) Sees Large Volume Increase
MCBC Holdings Inc. (NASDAQ:MCFT) shares saw unusually-high trading volume on Monday . Approximately 69,420 shares traded hands during mid-day trading, an increase of 34% from the previous session’s volume of 51,941 shares.The stock last traded at $11.83 and had previously closed at $11.54.
MCFT has been the topic of a number of research reports. B. Riley reiterated a “buy” rating and issued a $25.00 target price on shares of MCBC Holdings in a report on Tuesday, April 12th. Robert W. Baird reiterated a “buy” rating on shares of MCBC Holdings in a report on Sunday, May 8th. Zacks Investment Research upgraded MCBC Holdings from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Wednesday, May 11th. Finally, Wunderlich dropped their target price on MCBC Holdings from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, May 27th. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $19.17.
The company has a 50-day moving average price of $11.25 and a 200-day moving average price of $12.64. The stock has a market cap of $218.36 million and a PE ratio of 24.62.
MCBC Holdings (NASDAQ:MCFT) last announced its quarterly earnings data on Thursday, May 5th. The company reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.03. The firm earned $57 million during the quarter, compared to analyst estimates of $55.69 million. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. Analysts expect that MCBC Holdings Inc. will post $1.23 EPS for the current fiscal year.
An institutional investor recently raised its position in MCBC Holdings stock. Royce & Associates LLC increased its position in MCBC Holdings Inc. (NASDAQ:MCFT) by 40.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 281,700 shares of the company’s stock after buying an additional 81,600 shares during the period. Royce & Associates LLC owned 1.49% of MCBC Holdings worth $3,859,000 as of its most recent SEC filing.
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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