MCBC Holdings, Inc. (MCFT) Stake Boosted by Chicago Equity Partners LLC
Chicago Equity Partners LLC increased its holdings in shares of MCBC Holdings, Inc. (NASDAQ:MCFT) by 8.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,750 shares of the company’s stock after purchasing an additional 6,410 shares during the period. Chicago Equity Partners LLC owned approximately 0.43% of MCBC Holdings worth $1,646,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in MCFT. Bank of New York Mellon Corp lifted its holdings in shares of MCBC Holdings by 3.3% during the 1st quarter. Bank of New York Mellon Corp now owns 82,128 shares of the company’s stock valued at $1,328,000 after purchasing an additional 2,611 shares in the last quarter. Teachers Advisors LLC lifted its stake in MCBC Holdings by 93.2% in the 1st quarter. Teachers Advisors LLC now owns 97,063 shares of the company’s stock valued at $1,570,000 after acquiring an additional 46,822 shares in the last quarter. TIAA CREF Investment Management LLC lifted its stake in MCBC Holdings by 45.0% in the 1st quarter. TIAA CREF Investment Management LLC now owns 125,075 shares of the company’s stock valued at $2,022,000 after acquiring an additional 38,803 shares in the last quarter. Vanguard Group Inc. lifted its stake in MCBC Holdings by 23.4% in the 1st quarter. Vanguard Group Inc. now owns 941,794 shares of the company’s stock valued at $15,229,000 after acquiring an additional 178,652 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in MCBC Holdings by 10.1% in the 1st quarter. Geode Capital Management LLC now owns 281,980 shares of the company’s stock valued at $4,558,000 after acquiring an additional 25,941 shares in the last quarter. Institutional investors and hedge funds own 93.38% of the company’s stock.
Several equities research analysts have commented on the company. TheStreet upgraded MCBC Holdings from a “d+” rating to a “b-” rating in a research note on Thursday, September 7th. Zacks Investment Research upgraded MCBC Holdings from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Aegis assumed coverage on MCBC Holdings in a research note on Monday, October 2nd. They issued a “buy” rating and a $26.00 target price on the stock. BidaskClub cut MCBC Holdings from a “buy” rating to a “hold” rating in a research note on Sunday, July 30th. Finally, B. Riley restated a “buy” rating and issued a $24.00 target price (up previously from $21.50) on shares of MCBC Holdings in a research note on Tuesday, October 3rd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $25.00.
MCBC Holdings, Inc. (MCFT) opened at $21.49 on Tuesday. The firm has a market capitalization of $401.40, a P/E ratio of 19.36, a price-to-earnings-growth ratio of 0.88 and a beta of 1.27. MCBC Holdings, Inc. has a 1 year low of $12.73 and a 1 year high of $23.42. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.27 and a current ratio of 0.59.
MCBC Holdings (NASDAQ:MCFT) last posted its quarterly earnings results on Friday, November 10th. The company reported $0.40 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40. The firm had revenue of $65.00 million for the quarter, compared to analyst estimates of $62.84 million. MCBC Holdings had a return on equity of 313.55% and a net margin of 8.43%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.41 EPS. sell-side analysts forecast that MCBC Holdings, Inc. will post 1.62 earnings per share for the current fiscal year.
MCBC Holdings 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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