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MCBC Holdings, Inc. (MCFT) Reaches $28.90 After 9.00% Up Move; Royal Bank Of Canada Has Decreased Its Magna Intl (Call) (MGA) Holding

Magna International Inc. (NYSE:MGA) Logo

The stock of MCBC Holdings, Inc. (NASDAQ:MCFT) is a huge mover today! The stock increased 3.36% or $0.94 during the last trading session, reaching $28.9. About 168,183 shares traded or 7.76% up from the average. MCBC Holdings, Inc. (NASDAQ:MCFT) has risen 59.74% since May 15, 2017 and is uptrending. It has outperformed by 48.19% the S&P500.The move comes after 8 months positive chart setup for the $539.83M company. It was reported on May, 15 by Barchart.com. We have $31.50 PT which if reached, will make NASDAQ:MCFT worth $48.58 million more.

Royal Bank Of Canada decreased Magna Intl Inc (Call) (MGA) stake by 79.41% reported in 2017Q4 SEC filing. Royal Bank Of Canada sold 215,200 shares as Magna Intl Inc (Call) (MGA)’s stock declined 4.65%. The Royal Bank Of Canada holds 55,800 shares with $3.16 million value, down from 271,000 last quarter. Magna Intl Inc (Call) now has $22.75 billion valuation. The stock decreased 0.87% or $0.57 during the last trading session, reaching $64.87. About 750,682 shares traded. Magna International Inc. (NYSE:MGA) has risen 26.62% since May 15, 2017 and is uptrending. It has outperformed by 15.07% 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 $539.83 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 22.77 P/E ratio. It distributes its recreational performance sport boats under the MasterCraft brand name.

Among 8 analysts covering MCBC Holdings (NASDAQ:MCFT), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. MCBC Holdings had 24 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was initiated by SunTrust on Friday, August 7 with “Neutral”. Robert W. Baird initiated the shares of MCFT in report on Tuesday, August 11 with “Outperform” rating. As per Thursday, February 25, the company rating was initiated by B. Riley & Co. The stock of MCBC Holdings, Inc. (NASDAQ:MCFT) has “Buy” rating given on Thursday, September 7 by Robert W. Baird. The rating was maintained by SunTrust with “Hold” on Thursday, November 9. The rating was maintained by KeyBanc Capital Markets with “Sector Weight” on Thursday, August 31. The stock of MCBC Holdings, Inc. (NASDAQ:MCFT) earned “Buy” rating by FBR Capital on Monday, December 18. As per Tuesday, August 11, the company rating was initiated by Wells Fargo. The stock has “Buy” rating by FBR Capital on Monday, January 29. The rating was initiated by Wells Fargo with “Outperform” on Monday, August 17.

Analysts await MCBC Holdings, Inc. (NASDAQ:MCFT) to report earnings on September, 6. They expect $0.50 earnings per share, up 47.06% or $0.16 from last year’s $0.34 per share. MCFT’s profit will be $9.34M for 14.45 P/E if the $0.50 EPS becomes a reality. After $0.54 actual earnings per share reported by MCBC Holdings, Inc. for the previous quarter, Wall Street now forecasts -7.41% negative EPS growth.

More notable recent MCBC Holdings, Inc. (NASDAQ:MCFT) news were published by: Seekingalpha.com which released: “MCBC Holdings’ (MCFT) CEO Terry McNew on Q3 2018 Results – Earnings Call Transcript” on May 11, 2018, also Streetinsider.com with their article: “MasterCraft (MCFT) Tops Q3 EPS by 9c, Beats on Revenues” published on May 10, 2018, Benzinga.com published: “50 Biggest Movers From Friday” on May 14, 2018. More interesting news about MCBC Holdings, Inc. (NASDAQ:MCFT) were released by: Benzinga.com and their article: “38 Stocks Moving In Friday’s Mid-Day Session” published on May 11, 2018 as well as Globenewswire.com‘s news article titled: “Research Report Identifies MCBC, Tompkins Financial, RBC Bearings, REX American Resources, United States Lime …” with publication date: May 01, 2018.

Among 15 analysts covering Magna International (NYSE:MGA), 10 have Buy rating, 2 Sell and 3 Hold. Therefore 67% are positive. Magna International had 58 analyst reports since August 6, 2015 according to SRatingsIntel. Zacks downgraded Magna International Inc. (NYSE:MGA) on Thursday, August 6 to “Hold” rating. As per Friday, January 13, the company rating was downgraded by TD Securities. The stock of Magna International Inc. (NYSE:MGA) earned “Buy” rating by RBC Capital Markets on Friday, July 21. The stock of Magna International Inc. (NYSE:MGA) has “Buy” rating given on Friday, May 12 by TD Securities. The stock has “Hold” rating by TD Securities on Friday, January 19. The firm has “Hold” rating given on Wednesday, March 14 by Susquehanna. The company was downgraded on Monday, October 16 by Goldman Sachs. The firm has “Buy” rating by Deutsche Bank given on Friday, August 14. BMO Capital Markets maintained it with “Hold” rating and $56.0 target in Monday, November 6 report. On Thursday, September 14 the stock rating was maintained by BMO Capital Markets with “Hold”.

Royal Bank Of Canada increased Ishares Tr (AOM) stake by 25,027 shares to 86,594 valued at $3.29M in 2017Q4. It also upped Ishares Tr (CSJ) stake by 85,038 shares and now owns 1.18 million shares. Restaurant Brands Intl Inc was raised too.

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

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