The stock is trading at $22.87 just above $21.09, the 50 day moving average and which is just a bit higher than the 200 day moving average of $21.01. The 50 day moving average went up by +8.44% and the 200 day average was up $1.86. MCBC Holdings, Inc. shares had a trading volume of 263K by the end of trading on Tuesday. Trading volume was up 68.63% over the stocks average daily volume.
Traders are more bullish on the company lately as evidenced by the motion in short interest. The stock saw a fall in short interest from September 29, 2017 to October 13, 2017 of -4.91%. Short interest fell from 293,966 to 279,518 over that period. The short-interest ratio decreased to 2.0 and the short interest percentage is 0.02% as of October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (MCFT). As of the end of the quarter Strs Ohio had disposed of 6,100 shares trimming its position 17.4%. The value of the company’s investment in MCBC Holdings, Inc. went from $684,000 to $588,000 decreasing 14.0% quarter over quarter. As of quarter end First Quadrant L P/ca had bought a total of 46,522 shares growing its holdings by 3,276.2%. The value in dollars increased from $28,000 to $977,000 a change of $949,000 for the reporting period.
As of the end of the quarter Nationwide Fund Advisors had sold a total of 3,596 shares trimming its stake by 25.7%. The value of the total investment in MCBC Holdings, Inc. decreased from $273,000 to $211,000 a change of 22.7% since the last quarter. First Trust Advisors Lp added to its stake by buying 29 shares an increase of 0.2% in the quarter. First Trust Advisors Lp currently owns 13,072 shares valued at $266,000. The total value of its holdings increased 4.3%.
The company currently has a P/E ratio of 21.78 and the market cap is 426.23M. As of the latest earnings report the EPS was $1.05 and is estimated to be $1.63 for the current year with 18,637,000 shares presently outstanding. Next quarter’s EPS is estimated at $0.36 with next year’s EPS anticipated to be $1.86.
MCBC Holdings, Inc. (MCBC), launched on January 28, 2000, 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. The Company distributes the MasterCraft product brand through its dealer network. The Company manufactures a range of Hydra-Sports recreational fishing boats. It also leases a parts warehouse in the United Kingdom to expedite service, primarily to dealers and customers in the European Union. The Company operates primarily through its subsidiaries, MasterCraft Boat Company, LLC and MCBC Hydra Boats, LLC..