ClariVest Asset Management LLC increased its stake in shares of MCBC Holdings Inc (NASDAQ:MCFT) by 7.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,838 shares of the company’s stock after buying an additional 5,020 shares during the quarter. ClariVest Asset Management LLC owned 0.39% of MCBC worth $2,649,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. American Century Companies Inc. grew its holdings in MCBC by 0.8% during the third quarter. American Century Companies Inc. now owns 300,121 shares of the company’s stock worth $10,768,000 after buying an additional 2,446 shares in the last quarter. Wasatch Advisors Inc. grew its holdings in MCBC by 1.8% during the second quarter. Wasatch Advisors Inc. now owns 164,547 shares of the company’s stock worth $4,764,000 after buying an additional 2,926 shares in the last quarter. First Trust Advisors LP grew its holdings in MCBC by 18.6% during the second quarter. First Trust Advisors LP now owns 18,845 shares of the company’s stock worth $546,000 after buying an additional 2,951 shares in the last quarter. Navellier & Associates Inc grew its holdings in MCBC by 7.1% during the second quarter. Navellier & Associates Inc now owns 52,592 shares of the company’s stock worth $1,523,000 after buying an additional 3,485 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. grew its holdings in MCBC by 24.4% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 22,094 shares of the company’s stock worth $640,000 after buying an additional 4,340 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

MCFT stock opened at $27.30 on Monday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.33 and a current ratio of 0.77. MCBC Holdings Inc has a 1-year low of $20.44 and a 1-year high of $39.50. The firm has a market capitalization of $511.08 million, a price-to-earnings ratio of 13.45, a price-to-earnings-growth ratio of 0.68 and a beta of 1.31.

MCBC (NASDAQ:MCFT) last posted its quarterly earnings data on Friday, November 9th. The company reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.03. MCBC had a return on equity of 90.10% and a net margin of 11.37%. The business had revenue of $93.60 million for the quarter, compared to analysts’ expectations of $90.93 million. During the same quarter in the previous year, the firm earned $0.40 earnings per share. The business’s revenue was up 44.0% on a year-over-year basis. As a group, research analysts predict that MCBC Holdings Inc will post 2.69 earnings per share for the current year.

In other MCBC news, insider Terry D. Mcnew acquired 3,545 shares of the business’s stock in a transaction on Wednesday, November 14th. The shares were acquired at an average price of $28.14 per share, with a total value of $99,756.30. Following the completion of the transaction, the insider now owns 320,062 shares in the company, valued at $9,006,544.68. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.79% of the stock is currently owned by insiders.

Several brokerages recently issued reports on MCFT. Zacks Investment Research upgraded MCBC from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a report on Wednesday, September 19th. Wells Fargo & Co upped their price target on MCBC from $36.00 to $41.00 and gave the stock an “outperform” rating in a report on Monday, September 24th. They noted that the move was a valuation call. B. Riley upped their price target on MCBC from $36.50 to $44.00 and gave the stock a “buy” rating in a report on Monday, September 17th. Raymond James upped their price target on MCBC from $36.00 to $44.00 and gave the stock a “strong-buy” rating in a report on Thursday, September 20th. Finally, Robert W. Baird upped their price target on MCBC from $38.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, September 11th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $40.33.

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MCBC Profile

MCBC Holdings, Inc, through its subsidiaries, innovates, designs, manufactures, and markets sport boats and outboard boats in North America and internationally. The company's boats are used for water skiing, wakeboarding, wake surfing, and fishing, as well as general recreational boating. It also provides various accessories, such as trailers and aftermarket parts.

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Institutional Ownership by Quarter for MCBC (NASDAQ:MCFT)

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