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

A number of research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of MCBC Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, June 2nd. Wunderlich decreased 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 report on Friday, May 27th. Robert W. Baird reissued a “buy” rating on shares of MCBC Holdings in a research report on Sunday, May 8th. Finally, B. Riley reissued a “buy” rating and issued a $25.00 price objective on shares of MCBC Holdings in a research report on Thursday, May 12th. 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 stock. The stock has an average rating of “Buy” and an average target price of $19.17.

The company has a market capitalization of $211.36 million and a price-to-earnings ratio of 23.8349. The company has a 50 day moving average of $11.24 and a 200 day moving average of $12.63.

An institutional investor recently raised its position in MCBC Holdings stock. Royce & Associates LLC increased its position in shares of MCBC Holdings Inc. (NASDAQ:MCFT) by 40.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 281,700 shares of the company’s stock after buying an additional 81,600 shares during the period. Royce & Associates LLC owned about 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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