BidaskClub upgraded shares of MCBC (NASDAQ:MCFT) from a sell rating to a hold rating in a research note issued to investors on Tuesday.

A number of other brokerages have also recently issued reports on MCFT. ValuEngine raised shares of MCBC from a hold rating to a buy rating in a research report on Wednesday, May 2nd. Zacks Investment Research raised shares of MCBC from a hold rating to a buy rating and set a $33.00 target price for the company in a report on Wednesday, July 11th. Finally, SunTrust Banks reaffirmed a hold rating and issued a $26.00 target price on shares of MCBC in a report on Friday, July 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $28.65.

MCBC stock traded up $0.17 during trading hours on Tuesday, reaching $25.53. The stock had a trading volume of 600 shares, compared to its average volume of 159,484. The firm has a market cap of $482.30 million, a PE ratio of 20.23, a price-to-earnings-growth ratio of 0.77 and a beta of 1.05. MCBC has a 52 week low of $16.82 and a 52 week high of $31.26. The company has a quick ratio of 0.33, a current ratio of 0.70 and a debt-to-equity ratio of 2.07.

In other news, insider Terry D. Mcnew sold 5,000 shares of MCBC stock in a transaction that occurred on Tuesday, May 29th. The shares were sold at an average price of $29.76, for a total value of $148,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Timothy M. Oxley sold 4,000 shares of MCBC stock in a transaction that occurred on Monday, June 4th. The stock was sold at an average price of $29.81, for a total transaction of $119,240.00. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.

Several hedge funds have recently made changes to their positions in MCFT. Stratos Wealth Partners LTD. bought a new stake in MCBC during the first quarter valued at approximately $120,000. First Mercantile Trust Co. bought a new stake in MCBC during the first quarter valued at approximately $194,000. Voya Investment Management LLC bought a new stake in MCBC during the second quarter valued at approximately $201,000. MetLife Investment Advisors LLC bought a new stake in MCBC during the fourth quarter valued at approximately $205,000. Finally, Capital Fund Management S.A. bought a new stake in MCBC during the second quarter valued at approximately $208,000. Hedge funds and other institutional investors own 91.48% of the company’s stock.

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.

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Analyst Recommendations for MCBC (NASDAQ:MCFT)

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