MCBC Holdings Inc. (MCFT) Major Shareholder Wayzata Investment Partners Ll Sells 4,600,000 Shares
MCBC Holdings Inc. (NASDAQ:MCFT) major shareholder Wayzata Investment Partners Ll sold 4,600,000 shares of the business’s stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $9.74, for a total transaction of $44,804,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
MCBC Holdings Inc. (NASDAQ:MCFT) traded down 0.34% on Friday, reaching $11.74. 16,760 shares of the company’s stock were exchanged. The firm has a market cap of $218.26 million, a PE ratio of 20.96 and a beta of 0.92. The firm has a 50 day moving average price of $11.67 and a 200 day moving average price of $12.50. MCBC Holdings Inc. has a one year low of $10.25 and a one year high of $15.97.
MCBC Holdings (NASDAQ:MCFT) last issued its earnings results on Thursday, September 8th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. MCBC Holdings had a return on equity of 38.50% and a net margin of 4.61%. The business earned $53.40 million during the quarter, compared to the consensus estimate of $56.16 million. During the same period last year, the company earned $0.20 EPS. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, equities analysts anticipate that MCBC Holdings Inc. will post $1.30 earnings per share for the current year.
Several hedge funds have recently modified their holdings of the company. Teachers Advisors Inc. increased its stake in shares of MCBC Holdings by 57.2% in the second quarter. Teachers Advisors Inc. now owns 10,843 shares of the company’s stock worth $120,000 after buying an additional 3,947 shares during the period. Alambic Investment Management L.P. bought a new stake in shares of MCBC Holdings during the second quarter worth about $137,000. Spark Investment Management LLC bought a new stake in shares of MCBC Holdings during the second quarter worth about $138,000. Grandeur Peak Global Advisors LLC increased its stake in shares of MCBC Holdings by 6.2% in the second quarter. Grandeur Peak Global Advisors LLC now owns 12,925 shares of the company’s stock worth $143,000 after buying an additional 750 shares during the period. Finally, BlackRock Inc. increased its stake in shares of MCBC Holdings by 13,252.4% in the second quarter. BlackRock Inc. now owns 13,753 shares of the company’s stock worth $152,000 after buying an additional 13,650 shares during the period. 93.02% of the stock is owned by institutional investors and hedge funds.
MCFT has been the topic of several research reports. Wunderlich reduced their price target on shares of MCBC Holdings from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday, May 27th. Zacks Investment Research upgraded shares of MCBC Holdings from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 23rd. Robert W. Baird restated an “outperform” rating on shares of MCBC Holdings in a research report on Saturday, June 25th. Finally, B. Riley restated a “buy” rating and issued a $17.50 price target on shares of MCBC Holdings in a research report on Wednesday, September 14th.
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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