MCBC Holdings Inc. (MCFT) Shares Up 1.7%
MCBC Holdings Inc. (NASDAQ:MCFT) shares shot up 1.7% during mid-day trading on Wednesday . The company traded as high as $11.77 and last traded at $11.49, with a volume of 75,744 shares changing hands. The stock had previously closed at $11.30.
A number of research firms have recently issued reports on MCFT. Wunderlich cut their target price 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. B. Riley reiterated a “buy” rating and issued a $25.00 target price on shares of MCBC Holdings in a research note on Friday, May 6th. Robert W. Baird reiterated a “buy” rating on shares of MCBC Holdings in a research note on Sunday, May 8th. Finally, Zacks Investment Research upgraded shares of MCBC Holdings from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Wednesday, May 11th. One equities research 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 company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $19.17.
The company has a market capitalization of $213.90 million and a PE ratio of 24.12. The firm has a 50-day moving average of $11.23 and a 200-day moving average of $12.64.
An institutional investor recently raised its position in MCBC Holdings stock. Royce & Associates LLC increased its stake in shares of 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 approximately 1.49% of MCBC Holdings worth $3,859,000 as of its most recent filing with the SEC.
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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