New York State Common Retirement Fund Grows Holdings in MCBC Holdings, Inc. (MCFT)

New York State Common Retirement Fund raised its position in MCBC Holdings, Inc. (NASDAQ:MCFT) by 931.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,809 shares of the company’s stock after acquiring an additional 54,008 shares during the quarter. New York State Common Retirement Fund owned approximately 0.32% of MCBC Holdings worth $1,169,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position 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. AJO LP grew its position in MCBC Holdings by 253.5% in the 2nd quarter. AJO LP now owns 391,357 shares of the company’s stock valued at $7,651,000 after acquiring an additional 280,653 shares in the last quarter. Geode Capital Management LLC grew its position 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. Spark Investment Management LLC grew its position in MCBC Holdings by 23.8% in the 2nd quarter. Spark Investment Management LLC now owns 168,500 shares of the company’s stock valued at $3,294,000 after acquiring an additional 32,400 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in MCBC Holdings by 703.9% in the 1st quarter. AQR Capital Management LLC now owns 135,880 shares of the company’s stock valued at $2,197,000 after acquiring an additional 118,977 shares in the last quarter. 93.65% of the stock is owned by institutional investors.

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Several equities analysts have weighed in on MCFT shares. Zacks Investment Research downgraded MCBC Holdings from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 12th. BidaskClub downgraded MCBC Holdings from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. KeyCorp started coverage on MCBC Holdings in a research report on Wednesday, August 30th. They issued an “overweight” rating for the company. Aegis started coverage on MCBC Holdings in a research report on Monday, October 2nd. They issued a “buy” rating and a $26.00 target price for the company. Finally, TheStreet raised MCBC Holdings from a “d+” rating to a “b-” rating in a research report on Thursday, September 7th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $25.00.

MCBC Holdings (NASDAQ:MCFT) last released its quarterly earnings data on Thursday, September 7th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The company had revenue of $58.30 million for the quarter, compared to the consensus estimate of $56.89 million. MCBC Holdings had a return on equity of 443.78% and a net margin of 8.56%. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the business posted $0.30 EPS.

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.

Institutional Ownership by Quarter for MCBC Holdings (NASDAQ:MCFT)

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