BidaskClub cut shares of MCBC (NASDAQ:MCFT) from a buy rating to a hold rating in a research report sent to investors on Thursday morning.
A number of other research analysts have also recently commented on the company. KeyCorp started coverage on MCBC in a research note on Wednesday, August 30th. They set an overweight rating on the stock. Robert W. Baird reaffirmed a buy rating on shares of MCBC in a research note on Friday, November 10th. B. Riley reaffirmed a buy rating and set a $24.00 target price on shares of MCBC in a research note on Friday, November 10th. Zacks Investment Research raised MCBC from a hold rating to a buy rating and set a $25.00 target price on the stock in a research note on Thursday, November 9th. Finally, TheStreet raised MCBC from a d+ rating to a b- rating in a research note on Thursday, September 7th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. MCBC has a consensus rating of Buy and an average price target of $25.00.
MCBC (NASDAQ MCFT) traded down $0.33 on Thursday, hitting $22.08. The stock had a trading volume of 179,100 shares, compared to its average volume of 153,944. The company has a market capitalization of $414.10 and a PE ratio of 20.19. MCBC has a 1 year low of $13.67 and a 1 year high of $23.99. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.51 and a current ratio of 0.78.
Large investors have recently made changes to their positions in the stock. Chicago Equity Partners LLC grew its stake in MCBC by 8.6% in the third quarter. Chicago Equity Partners LLC now owns 80,750 shares of the company’s stock worth $1,646,000 after purchasing an additional 6,410 shares in the last quarter. Nationwide Fund Advisors grew its stake in MCBC by 222.1% in the second quarter. Nationwide Fund Advisors now owns 13,969 shares of the company’s stock worth $273,000 after purchasing an additional 9,632 shares in the last quarter. Vanguard Group Inc. grew its stake in MCBC by 23.4% in the first quarter. Vanguard Group Inc. now owns 941,794 shares of the company’s stock worth $15,229,000 after purchasing an additional 178,652 shares in the last quarter. Rhumbline Advisers bought a new position in MCBC in the second quarter worth approximately $371,000. Finally, Northern Trust Corp grew its stake in MCBC by 105.9% in the second quarter. Northern Trust Corp now owns 204,206 shares of the company’s stock worth $3,993,000 after purchasing an additional 105,026 shares in the last quarter. 93.95% of the stock is currently owned by institutional investors.
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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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