CAPROCK Group Inc. Takes Position in MCBC Holdings Inc (MCFT)

CAPROCK Group Inc. bought a new position in MCBC Holdings Inc (NASDAQ:MCFT) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 12,785 shares of the company’s stock, valued at approximately $279,000. CAPROCK Group Inc. owned about 0.07% of MCBC as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the business. Schwab Charles Investment Management Inc. grew its stake in shares of MCBC by 663.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 228,382 shares of the company’s stock valued at $5,075,000 after purchasing an additional 198,482 shares during the period. Dalton Greiner Hartman Maher & Co. bought a new stake in shares of MCBC during the 4th quarter valued at about $3,893,000. GSA Capital Partners LLP grew its stake in shares of MCBC by 53.8% during the 3rd quarter. GSA Capital Partners LLP now owns 101,515 shares of the company’s stock valued at $2,069,000 after purchasing an additional 35,500 shares during the period. California Public Employees Retirement System bought a new stake in shares of MCBC during the 3rd quarter valued at about $371,000. Finally, Cornerstone Capital Management Holdings LLC. bought a new stake in shares of MCBC during the 3rd quarter valued at about $605,000. 93.95% of the stock is owned by institutional investors and hedge funds.

MCBC Holdings Inc (NASDAQ:MCFT) opened at $21.98 on Friday. The stock has a market capitalization of $396.73, a P/E ratio of 20.74, a P/E/G ratio of 0.90 and a beta of 1.25. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.51 and a current ratio of 0.78. MCBC Holdings Inc has a 52 week low of $13.67 and a 52 week high of $23.99.

MCBC (NASDAQ:MCFT) last posted its quarterly earnings results on Friday, November 10th. The company reported $0.40 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40. MCBC had a return on equity of 213.34% and a net margin of 8.43%. The business had revenue of $65.00 million during the quarter, compared to the consensus estimate of $62.84 million. During the same period in the prior year, the company posted $0.41 EPS. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. research analysts predict that MCBC Holdings Inc will post 1.58 earnings per share for the current year.

MCFT has been the subject of a number of recent research reports. Zacks Investment Research upgraded MCBC from a “sell” rating to a “hold” rating in a research note on Wednesday. B. Riley reiterated a “buy” rating and set a $24.00 price objective (up from $21.50) on shares of MCBC in a research note on Tuesday, October 3rd. Aegis initiated coverage on MCBC in a research note on Monday, October 2nd. They set a “buy” rating and a $26.00 price objective for the company. BidaskClub downgraded MCBC from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. Finally, ValuEngine downgraded MCBC from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $26.33.

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About MCBC

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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Institutional Ownership by Quarter for MCBC (NASDAQ:MCFT)

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