Rhumbline Advisers trimmed its position in MCBC Holdings Inc (NASDAQ:MCFT) by 16.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,271 shares of the company’s stock after selling 3,114 shares during the period. Rhumbline Advisers owned approximately 0.09% of MCBC worth $362,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Wells Fargo & Company MN grew its position in MCBC by 7.0% in the 3rd quarter. Wells Fargo & Company MN now owns 529,091 shares of the company’s stock valued at $10,783,000 after buying an additional 34,401 shares during the last quarter. Hood River Capital Management LLC lifted its holdings in MCBC by 7.6% in the fourth quarter. Hood River Capital Management LLC now owns 459,278 shares of the company’s stock valued at $10,205,000 after acquiring an additional 32,402 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in MCBC by 663.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 228,382 shares of the company’s stock valued at $5,075,000 after acquiring an additional 198,482 shares during the period. Acadian Asset Management LLC acquired a new stake in MCBC in the fourth quarter valued at $794,000. Finally, CAPROCK Group Inc. acquired a new stake in MCBC in the fourth quarter valued at $279,000. Hedge funds and other institutional investors own 95.38% of the company’s stock.
A number of research firms have commented on MCFT. ValuEngine downgraded MCBC from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. BidaskClub downgraded MCBC from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 29th. Zacks Investment Research raised MCBC from a “sell” rating to a “hold” rating in a report on Wednesday, January 17th. Robert W. Baird raised their target price on MCBC from $24.00 to $29.00 and gave the company an “outperform” rating in a report on Friday, February 9th. Finally, B. Riley reissued a “buy” rating on shares of MCBC in a report on Monday, January 29th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. MCBC currently has a consensus rating of “Buy” and a consensus target price of $28.06.
MCBC (NASDAQ:MCFT) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.09. The business had revenue of $78.40 million during the quarter, compared to the consensus estimate of $74.65 million. MCBC had a return on equity of 149.34% and a net margin of 9.07%. The business’s revenue was up 53.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.26 EPS. analysts expect that MCBC Holdings Inc will post 1.79 EPS for the current fiscal year.
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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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