MCBC Holdings Inc. (NASDAQ:MCFT)’s share price fell 4% during trading on Tuesday . The company traded as low as $11.30 and last traded at $11.30, with a volume of 75,018 shares. The stock had previously closed at $11.77.

A number of research firms have commented on MCFT. Robert W. Baird reissued a “buy” rating on shares of MCBC Holdings in a research note on Sunday, May 8th. B. Riley reaffirmed a “buy” rating and issued a $25.00 price objective on shares of MCBC Holdings in a research note on Friday, May 6th. Zacks Investment Research raised shares of MCBC Holdings from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Wednesday, May 11th. Finally, Wunderlich cut their price objective on shares of MCBC Holdings from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Friday, May 27th. One analyst has rated the stock with a sell rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $19.17.

The stock has a market capitalization of $209.64 million and a price-to-earnings ratio of 23.64. The firm’s 50 day moving average is $11.25 and its 200 day moving average is $12.64.

An institutional investor recently raised its position in MCBC Holdings stock. Royce & Associates LLC boosted 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 firm 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 at the end of the most recent quarter.

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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