Investment analysts at Goldman Sachs Group Inc. began coverage on shares of ClubCorp Holdings Inc. (NYSE:MYCC) in a note issued to investors on Monday. The firm set a “neutral” rating and a $16.00 price target on the stock. Goldman Sachs Group Inc.’s price target would indicate a potential upside of 7.53% from the company’s current price.
Several other research firms also recently weighed in on MYCC. Imperial Capital upgraded ClubCorp Holdings from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $14.00 to $21.00 in a research report on Friday, September 16th. FBR & Co reiterated a “buy” rating and set a $17.00 target price on shares of ClubCorp Holdings in a research report on Friday, September 16th. Zacks Investment Research downgraded ClubCorp Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Wells Fargo & Co. restated a “buy” rating on shares of ClubCorp Holdings in a research report on Tuesday, July 19th. Finally, Stifel Nicolaus restated a “buy” rating on shares of ClubCorp Holdings in a research report on Friday, September 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company. ClubCorp Holdings currently has a consensus rating of “Buy” and a consensus target price of $19.78.
Shares of ClubCorp Holdings (NYSE:MYCC) opened at 14.88 on Monday. The stock’s market capitalization is $975.53 million. The company’s 50-day moving average price is $14.90 and its 200 day moving average price is $13.67. ClubCorp Holdings has a one year low of $9.75 and a one year high of $23.04.
ClubCorp Holdings (NYSE:MYCC) last released its earnings results on Thursday, July 14th. The company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by $0.04. The company had revenue of $269 million for the quarter. ClubCorp Holdings had a negative net margin of 0.74% and a negative return on equity of 1.25%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. Analysts anticipate that ClubCorp Holdings will post $0.21 EPS for the current year.
In other news, EVP Andrew V. Miller sold 2,000 shares of ClubCorp Holdings stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $14.94, for a total value of $29,880.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.90% of the stock is owned by insiders.
Several large investors have recently modified their holdings of MYCC. US Bancorp DE boosted its stake in shares of ClubCorp Holdings by 15.8% in the second quarter. US Bancorp DE now owns 7,972 shares of the company’s stock valued at $104,000 after buying an additional 1,089 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of ClubCorp Holdings by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 9,033 shares of the company’s stock valued at $117,000 after buying an additional 1,096 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of ClubCorp Holdings by 461.2% in the first quarter. Envestnet Asset Management Inc. now owns 10,085 shares of the company’s stock valued at $142,000 after buying an additional 8,288 shares during the last quarter. Principal Financial Group Inc. bought a new stake in shares of ClubCorp Holdings during the second quarter valued at $150,000. Finally, First New York Securities LLC NY bought a new stake in shares of ClubCorp Holdings during the second quarter valued at $155,000. 97.27% of the stock is currently owned by hedge funds and other institutional investors.
ClubCorp Holdings Company Profile
ClubCorp Holdings, Inc is a membership-based leisure company. The Company is the owner-operator of private golf and country clubs, and business, sports and alumni clubs in North America. The Company’s segments include Golf and Country Clubs; Business, Sports and Alumni Clubs, and Other. The Company’s Golf and country club operations consist of private country clubs, golf clubs and public golf facilities.
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