BidaskClub upgraded shares of MCBC (NASDAQ:MCFT) from a buy rating to a strong-buy rating in a report issued on Friday morning.
Other equities research analysts have also recently issued research reports about the company. B. Riley boosted their target price on MCBC from $28.00 to $29.25 and gave the stock a buy rating in a report on Friday, February 9th. Robert W. Baird reissued a buy rating on shares of MCBC in a report on Thursday, February 8th. ValuEngine raised MCBC from a hold rating to a buy rating in a report on Friday, February 2nd. Finally, 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 report on Thursday, November 9th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $28.06.
Shares of MCBC (MCFT) opened at $26.43 on Friday. The firm has a market capitalization of $493.67 and a P/E ratio of 21.31. The company has a current ratio of 0.62, a quick ratio of 0.23 and a debt-to-equity ratio of 3.29. MCBC has a twelve month low of $15.16 and a twelve month high of $28.62.
Large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. raised its holdings in MCBC by 55.3% during the third 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. MetLife Investment Advisors LLC bought a new position in shares of MCBC in the fourth quarter valued at $205,000. Ellington Management Group LLC bought a new position in shares of MCBC in the fourth quarter valued at $227,000. CAPROCK Group Inc. bought a new position in shares of MCBC in the fourth quarter valued at $279,000. Finally, Trexquant Investment LP bought a new position in shares of MCBC in the third quarter valued at $280,000. 95.38% of the stock is currently owned by hedge funds and other institutional investors.
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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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