Dynamic Technology Lab Private Ltd Takes $340,000 Position in MCBC Holdings Inc (MCFT)
Dynamic Technology Lab Private Ltd bought a new stake in MCBC Holdings Inc (NASDAQ:MCFT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,768 shares of the company’s stock, valued at approximately $340,000. Dynamic Technology Lab Private Ltd owned about 0.06% of MCBC as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Stratos Wealth Partners LTD. purchased a new position in MCBC during the first quarter worth about $120,000. Mackay Shields LLC purchased a new position in shares of MCBC in the 2nd quarter worth about $226,000. Victory Capital Management Inc. purchased a new position in shares of MCBC in the 1st quarter worth about $226,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of MCBC in the second quarter valued at about $365,000. Finally, Engineers Gate Manager LP acquired a new stake in MCBC during the 2nd quarter valued at approximately $435,000. 93.79% of the stock is currently owned by institutional investors.
A number of brokerages have weighed in on MCFT. Zacks Investment Research upgraded MCBC from a “sell” rating to a “hold” rating in a research note on Saturday, September 1st. BidaskClub lowered MCBC from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. Raymond James raised their price target on MCBC from $36.00 to $44.00 and gave the stock a “strong-buy” rating in a report on Thursday, September 20th. SunTrust Banks reissued a “hold” rating and issued a $26.00 price target on shares of MCBC in a report on Friday, July 20th. Finally, B. Riley lifted their target price on MCBC from $36.50 to $44.00 and gave the company a “buy” rating in a research note on Monday, September 17th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $40.33.
MCBC (NASDAQ:MCFT) last issued its quarterly earnings results on Thursday, September 6th. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.15. The business had revenue of $95.43 million for the quarter, compared to the consensus estimate of $89.29 million. MCBC had a return on equity of 108.42% and a net margin of 11.92%. MCBC’s revenue for the quarter was up 63.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 earnings per share. On average, equities research analysts forecast that MCBC Holdings Inc will post 2.38 EPS for the current fiscal year.
MCBC Holdings, Inc, through its subsidiaries, innovates, designs, manufactures, and markets sport boats and outboard boats in North America and internationally. The company's boats are used for water skiing, wakeboarding, wake surfing, and fishing, as well as general recreational boating. It also provides various accessories, such as trailers and aftermarket parts.
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