Investors Buy Large Volume of MCBC Call Options (MCFT)

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MCBC Holdings Inc (NASDAQ:MCFT) saw some unusual options trading activity on Thursday. Stock traders acquired 574 call options on the stock. This represents an increase of approximately 826% compared to the average daily volume of 62 call options.

Shares of MCFT stock opened at $29.71 on Friday. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.33 and a current ratio of 0.70. The firm has a market capitalization of $523.95 million, a PE ratio of 23.58, a price-to-earnings-growth ratio of 0.84 and a beta of 1.09. MCBC has a 12 month low of $17.72 and a 12 month high of $31.26.

MCBC (NASDAQ:MCFT) last announced its quarterly earnings data on Thursday, September 6th. The company reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.15. The business had revenue of $95.43 million for the quarter, compared to analyst estimates of $89.29 million. MCBC had a net margin of 11.10% and a return on equity of 130.22%. The firm’s revenue for the quarter was up 63.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 earnings per share. analysts anticipate that MCBC will post 1.89 earnings per share for the current fiscal year.

A number of analysts have recently commented on MCFT shares. Zacks Investment Research raised shares of MCBC from a “sell” rating to a “hold” rating in a research report on Saturday, September 1st. ValuEngine raised shares of MCBC from a “hold” rating to a “buy” rating in a research report on Friday. BidaskClub raised shares of MCBC from a “hold” rating to a “buy” rating in a research report on Friday. B. Riley boosted their price objective on shares of MCBC from $28.00 to $36.50 and gave the stock a “buy” rating in a research report on Friday. Finally, SunTrust Banks reissued a “hold” rating and issued a $26.00 price objective on shares of MCBC in a research report on Friday, July 20th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $30.10.

Hedge funds have recently made changes to their positions in the company. Wasatch Advisors Inc. raised its position in MCBC by 1.8% during the second quarter. Wasatch Advisors Inc. now owns 164,547 shares of the company’s stock worth $4,764,000 after acquiring an additional 2,926 shares in the last quarter. First Trust Advisors LP raised its position in MCBC by 18.6% during the second quarter. First Trust Advisors LP now owns 18,845 shares of the company’s stock worth $546,000 after acquiring an additional 2,951 shares in the last quarter. Wells Fargo & Company MN raised its position in MCBC by 0.8% during the first quarter. Wells Fargo & Company MN now owns 418,690 shares of the company’s stock worth $10,551,000 after acquiring an additional 3,363 shares in the last quarter. Navellier & Associates Inc raised its position in MCBC by 7.1% during the second quarter. Navellier & Associates Inc now owns 52,592 shares of the company’s stock worth $1,523,000 after acquiring an additional 3,485 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. raised its position in MCBC by 24.4% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 22,094 shares of the company’s stock worth $640,000 after acquiring an additional 4,340 shares in the last quarter. 94.06% of the stock is currently owned by institutional investors and hedge funds.

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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