MCBC (MCFT) Raised to “Hold” at Zacks Investment Research

MCBC (NASDAQ:MCFT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

According to Zacks, “MCBC Holdings, Inc. is a designer, manufacturer and marketer of MasterCraft brand premium performance sport boats. The Company offers water skiing, wakeboarding and luxury performance powerboats. MCBC Holdings, Inc. is headquartered Vonore, United States. “

A number of other analysts have also recently weighed in on the stock. BidaskClub cut shares of MCBC from a “hold” rating to a “sell” rating in a report on Friday, January 5th. B. Riley raised their price target on shares of MCBC from $24.00 to $28.00 and gave the company a “buy” rating in a report on Monday, December 18th. ValuEngine cut shares of MCBC from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Robert W. Baird restated a “buy” rating on shares of MCBC in a report on Friday, November 10th. Finally, Aegis assumed coverage on shares of MCBC in a research note on Monday, October 2nd. They issued a “buy” rating and a $26.00 target price for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. MCBC has an average rating of “Hold” and an average price target of $26.33.

Shares of MCBC (NASDAQ:MCFT) opened at $21.24 on Wednesday. MCBC has a 1-year low of $13.67 and a 1-year high of $23.99. The firm has a market cap of $407.94, a PE ratio of 20.04, a PEG ratio of 0.92 and a beta of 1.25. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.78 and a quick ratio of 0.51.

MCBC (NASDAQ:MCFT) last released its quarterly earnings results on Friday, November 10th. The company reported $0.40 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.40. MCBC had a net margin of 8.43% and a return on equity of 213.34%. The business had revenue of $65.00 million for the quarter, compared to analysts’ expectations of $62.84 million. During the same period last year, the business earned $0.41 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. sell-side analysts predict that MCBC will post 1.58 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. boosted its stake in MCBC by 55.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 7,582 shares of the company’s stock worth $154,000 after purchasing an additional 2,700 shares in the last quarter. Mesirow Financial Investment Management Inc. acquired a new stake in MCBC in the 2nd quarter worth approximately $223,000. Nationwide Fund Advisors boosted its stake in MCBC by 222.1% in the 2nd 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. Trexquant Investment LP acquired a new stake in MCBC in the 3rd quarter worth approximately $280,000. Finally, The Manufacturers Life Insurance Company boosted its stake in MCBC by 174.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,688 shares of the company’s stock worth $326,000 after purchasing an additional 10,611 shares in the last quarter. Institutional investors own 93.95% of the company’s stock.

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MCBC Company 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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