Is Mcbc Holdings Incorporated (NASDAQ:MCFT) a Buy? The Stock Reported more Sellers

February 15, 2018 - By Stephen Andrade

 Is Mcbc Holdings Incorporated (NASDAQ:MCFT) a Buy? The Stock Reported more Sellers

The stock of Mcbc Holdings Incorporated (NASDAQ:MCFT) registered an increase of 216.73% in short interest. MCFT’s total short interest was 598,300 shares in February as published by FINRA. Its up 216.73% from 188,900 shares, reported previously. With 276,500 shares average volume, it will take short sellers 2 days to cover their MCFT’s short positions. The short interest to Mcbc Holdings Incorporated’s float is 3.51%.

The stock decreased 1.31% or $0.33 during the last trading session, reaching $24.83. About 82,173 shares traded. MCBC Holdings, Inc. (NASDAQ:MCFT) has risen 116.60% since February 15, 2017 and is uptrending. It has outperformed by 99.90% the S&P500.

MCBC Holdings, Inc., through its subsidiaries, innovates, designs, makes, and markets recreational sport boats in North America and internationally. The company has market cap of $463.80 million. The firm offers recreational performance sport boats, which are primarily used for water skiing, wakeboarding, and wake surfing, as well as general recreational boating. It has a 19.57 P/E ratio. It distributes its recreational performance sport boats under the MasterCraft brand name.

MCBC Holdings, Inc. (NASDAQ:MCFT) Ratings Coverage

Among 8 analysts covering MCBC Holdings (NASDAQ:MCFT), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. MCBC Holdings had 23 analyst reports since August 7, 2015 according to SRatingsIntel. FBR Capital maintained the shares of MCFT in report on Friday, February 9 with “Buy” rating. SunTrust maintained MCBC Holdings, Inc. (NASDAQ:MCFT) rating on Thursday, February 8. SunTrust has “Hold” rating and $24.0 target. SunTrust maintained MCBC Holdings, Inc. (NASDAQ:MCFT) rating on Thursday, November 9. SunTrust has “Hold” rating and $22.0 target. The rating was initiated by B. Riley & Co with “Buy” on Thursday, February 25. The firm earned “Neutral” rating on Friday, August 7 by SunTrust. The rating was maintained by FBR Capital on Friday, November 10 with “Buy”. The stock of MCBC Holdings, Inc. (NASDAQ:MCFT) has “Buy” rating given on Monday, December 18 by FBR Capital. The firm has “Hold” rating given on Friday, January 12 by SunTrust. The company was maintained on Monday, October 2 by Robert W. Baird. SunTrust initiated the shares of MCFT in report on Friday, August 7 with “Neutral” rating.

More recent MCBC Holdings, Inc. (NASDAQ:MCFT) news were published by: Nasdaq.com which released: “MCBC Holdings, Inc. Reports Fiscal 2018 Second-Quarter and Year-To-Date Results” on February 08, 2018. Also Globenewswire.com published the news titled: “MCBC Holdings, Inc. Appoints W. Patrick Battle to Board of Directors” on May 08, 2017. Seekingalpha.com‘s news article titled: “MCBC Holdings (MCFT) CEO Terry McNew on Q1 2018 Results – Earnings Call Transcript” with publication date: November 10, 2017 was also an interesting one.

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