MCBC Holdings (NASDAQ:MCFT) shares reached a new 52-week high and low during trading on Wednesday . The company traded as low as $30.42 and last traded at $30.27, with a volume of 14269 shares changing hands. The stock had previously closed at $29.28.
A number of research analysts have commented on MCFT shares. ValuEngine lowered MCBC from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. BidaskClub raised MCBC from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 9th. B. Riley upped their price target on MCBC from $28.00 to $29.25 and gave the company a “buy” rating in a research report on Friday, February 9th. Zacks Investment Research lowered MCBC from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 12th. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of MCBC in a research report on Thursday, February 8th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. MCBC has an average rating of “Buy” and an average price target of $28.06.
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The stock has a market cap of $565.98 million, a P/E ratio of 17.93, a P/E/G ratio of 1.07 and a beta of 1.14. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.70 and a quick ratio of 0.23.
MCBC (NASDAQ:MCFT) last released its quarterly earnings results on Thursday, May 10th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.09. MCBC had a return on equity of 130.22% and a net margin of 11.10%. The business had revenue of $93.80 million during the quarter, compared to analyst estimates of $88.76 million. During the same quarter in the prior year, the company posted $0.28 EPS. MCBC’s quarterly revenue was up 60.3% compared to the same quarter last year. equities analysts predict that MCBC Holdings will post 1.89 earnings per share for the current year.
Several large investors have recently made changes to their positions in the company. ZPR Investment Management raised its position in shares of MCBC by 216.5% in the 1st quarter. ZPR Investment Management now owns 99,178 shares of the company’s stock worth $2,499,000 after acquiring an additional 67,838 shares in the last quarter. Highbridge Capital Management LLC raised its position in shares of MCBC by 49.9% in the 1st quarter. Highbridge Capital Management LLC now owns 25,761 shares of the company’s stock worth $649,000 after acquiring an additional 8,570 shares in the last quarter. Millennium Management LLC raised its position in shares of MCBC by 186.9% in the 1st quarter. Millennium Management LLC now owns 393,045 shares of the company’s stock worth $9,905,000 after acquiring an additional 256,038 shares in the last quarter. Allianz Asset Management GmbH raised its position in shares of MCBC by 40.4% in the 1st quarter. Allianz Asset Management GmbH now owns 266,563 shares of the company’s stock worth $6,717,000 after acquiring an additional 76,649 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of MCBC in the 1st quarter worth approximately $1,158,000. 93.38% of the stock is owned by hedge funds and other institutional investors.
MCBC Company Profile
MCBC Holdings, Inc, through its subsidiaries, innovates, designs, manufactures, and markets recreational sport boats in North America and internationally. The company offers recreational performance sport boats, which are primarily used for water skiing, wakeboarding, and wake surfing, as well as general recreational boating.