Dynamic Technology Lab Private Ltd reduced its position in ClubCorp Holdings Inc. (NYSE:MYCC) by 38.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,632 shares of the company’s stock after selling 12,436 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in ClubCorp Holdings were worth $255,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Group LTD increased its position in ClubCorp Holdings by 11.1% in the first quarter. BlackRock Group LTD now owns 279,573 shares of the company’s stock worth $3,925,000 after buying an additional 27,821 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in ClubCorp Holdings by 0.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,433,265 shares of the company’s stock worth $20,123,000 after buying an additional 9,238 shares during the last quarter. JPMorgan Chase & Co. increased its position in ClubCorp Holdings by 33.8% in the first quarter. JPMorgan Chase & Co. now owns 2,891,232 shares of the company’s stock worth $40,593,000 after buying an additional 729,931 shares during the last quarter. Mesirow Financial Investment Management US Value Equity increased its position in ClubCorp Holdings by 4.4% in the first quarter. Mesirow Financial Investment Management US Value Equity now owns 141,627 shares of the company’s stock worth $1,988,000 after buying an additional 6,002 shares during the last quarter. Finally, Menta Capital LLC bought a new position in ClubCorp Holdings during the first quarter worth about $1,043,000. Hedge funds and other institutional investors own 97.27% of the company’s stock.
ClubCorp Holdings Inc. (NYSE:MYCC) opened at 14.47 on Friday. The company’s market cap is $948.65 million. ClubCorp Holdings Inc. has a 52-week low of $9.75 and a 52-week high of $23.04. The company’s 50-day moving average is $14.92 and its 200 day moving average is $13.69.
ClubCorp Holdings (NYSE:MYCC) last released its quarterly earnings results on Thursday, July 14th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.12 by $0.04. The company earned $269 million during the quarter. ClubCorp Holdings had a negative net margin of 0.74% and a negative return on equity of 1.25%. The company’s revenue was up 2.0% on a year-over-year basis.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 10th will be issued a $0.13 dividend. The ex-dividend date is Wednesday, October 5th. This represents a $0.52 annualized dividend and a yield of 3.59%. This is a boost from ClubCorp Holdings’s previous quarterly dividend of $0.12. ClubCorp Holdings’s payout ratio is -399.97%.
A number of research firms recently issued reports on MYCC. Deutsche Bank AG reiterated a “buy” rating on shares of ClubCorp Holdings in a research report on Sunday, July 17th. Bank of America Corp. restated a “buy” rating on shares of ClubCorp Holdings in a report on Sunday, July 17th. FBR & Co assumed coverage on shares of ClubCorp Holdings in a report on Thursday, June 30th. They set an “outperform” rating and a $17.00 price objective on the stock. Citigroup Inc. lowered their price objective on shares of ClubCorp Holdings from $17.50 to $17.00 and set a “buy” rating on the stock in a report on Tuesday, September 13th. Finally, Jefferies Group restated a “buy” rating on shares of ClubCorp Holdings in a report on Friday, September 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $19.78.
In other ClubCorp Holdings news, EVP Andrew V. Miller sold 2,000 shares of the firm’s stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $14.94, for a total transaction of $29,880.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.90% of the stock is currently owned by corporate insiders.
About ClubCorp Holdings
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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