Rice Hall James & Associates LLC increased its position in MCBC Holdings Inc. (NASDAQ:MCFT) by 47.4% during the second quarter, Holdings Channel reports. The institutional investor owned 158,225 shares of the company’s stock after buying an additional 50,853 shares during the period. Rice Hall James & Associates LLC’s holdings in MCBC Holdings were worth $1,748,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Miller Howard Investments Inc. NY bought a new position in MCBC Holdings during the second quarter worth about $221,000. Landscape Capital Management L.L.C. boosted its position in MCBC Holdings by 84.4% in the first quarter. Landscape Capital Management L.L.C. now owns 18,733 shares of the company’s stock worth $264,000 after buying an additional 8,573 shares in the last quarter. Geode Capital Management LLC boosted its position in MCBC Holdings by 35.5% in the first quarter. Geode Capital Management LLC now owns 45,300 shares of the company’s stock worth $637,000 after buying an additional 11,862 shares in the last quarter. State Street Corp boosted its position in MCBC Holdings by 6.4% in the first quarter. State Street Corp now owns 71,833 shares of the company’s stock worth $1,012,000 after buying an additional 4,307 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. bought a new position in MCBC Holdings during the second quarter worth about $2,083,000. 93.02% of the stock is owned by institutional investors and hedge funds.
MCBC Holdings Inc. (NASDAQ:MCFT) traded up 0.61% during mid-day trading on Friday, hitting $11.56. 95,469 shares of the stock were exchanged. MCBC Holdings Inc. has a 52-week low of $10.25 and a 52-week high of $15.97. The company has a 50 day moving average price of $11.64 and a 200 day moving average price of $12.36. The firm has a market cap of $214.91 million, a price-to-earnings ratio of 20.64 and a beta of 0.93.
MCBC Holdings (NASDAQ:MCFT) last announced its quarterly earnings data on Thursday, September 8th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The firm earned $53.40 million during the quarter, compared to analysts’ expectations of $56.16 million. MCBC Holdings had a net margin of 4.61% and a return on equity of 38.50%. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.20 earnings per share. On average, analysts anticipate that MCBC Holdings Inc. will post $1.30 EPS for the current year.
MCFT has been the subject of a number of research analyst reports. B. Riley reaffirmed a “buy” rating and issued a $17.50 price target on shares of MCBC Holdings in a report on Wednesday, September 14th. Zacks Investment Research raised shares of MCBC Holdings from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 23rd. Finally, Robert W. Baird reaffirmed an “outperform” rating on shares of MCBC Holdings in a report on Saturday, June 25th.
In other MCBC Holdings news, major shareholder Wayzata Investment Partners Ll sold 4,600,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $9.74, for a total transaction of $44,804,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 54.90% of the company’s stock.
About MCBC Holdings
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.
Want to see what other hedge funds are holding MCFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MCBC Holdings Inc. (NASDAQ:MCFT).
Receive News & Ratings for MCBC Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MCBC Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.