ClubCorp Holdings Inc. (NYSE:MYCC) declared a quarterly dividend on Thursday, September 29th. Stockholders of record on Monday, October 10th will be paid a dividend of 0.13 per share on Monday, October 17th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend is Wednesday, October 5th. This is an increase from ClubCorp Holdings’s previous quarterly dividend of $0.12.
ClubCorp Holdings (NYSE:MYCC) opened at 14.68 on Tuesday. The stock’s market capitalization is $962.42 million. ClubCorp Holdings has a 12 month low of $9.75 and a 12 month high of $23.04. The stock’s 50 day moving average is $14.93 and its 200-day moving average is $13.69.
ClubCorp Holdings (NYSE:MYCC) last released its quarterly earnings data 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 firm 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 for the quarter was up 2.0% compared to the same quarter last year. On average, equities research analysts expect that ClubCorp Holdings will post $0.21 earnings per share for the current year.
In other news, EVP Andrew V. Miller sold 2,000 shares of the business’s stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.90% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the stock. BlackRock Fund Advisors increased its stake in shares of ClubCorp Holdings by 43.6% in the second quarter. BlackRock Fund Advisors now owns 1,521,529 shares of the company’s stock worth $19,780,000 after buying an additional 461,782 shares during the period. Elk Creek Partners LLC increased its stake in shares of ClubCorp Holdings by 25.5% in the second quarter. Elk Creek Partners LLC now owns 1,567,196 shares of the company’s stock worth $20,374,000 after buying an additional 318,816 shares during the period. FMR LLC increased its stake in shares of ClubCorp Holdings by 39.5% in the second quarter. FMR LLC now owns 1,000,558 shares of the company’s stock worth $13,008,000 after buying an additional 283,231 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of ClubCorp Holdings by 18.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,699,075 shares of the company’s stock worth $22,088,000 after buying an additional 265,810 shares during the period. Finally, State Street Corp increased its stake in shares of ClubCorp Holdings by 33.4% in the second quarter. State Street Corp now owns 968,715 shares of the company’s stock worth $12,596,000 after buying an additional 242,810 shares during the period. Institutional investors and hedge funds own 97.27% of the company’s stock.
MYCC has been the topic of several research analyst reports. Jefferies Group reaffirmed a “buy” rating and issued a $27.00 price objective on shares of ClubCorp Holdings in a research note on Thursday, June 23rd. FBR & Co started coverage on ClubCorp Holdings in a research report on Thursday, June 30th. They set an “outperform” rating and a $17.00 price target on the stock. MKM Partners reissued a “buy” rating and set a $24.00 price target on shares of ClubCorp Holdings in a research report on Monday, July 11th. Macquarie raised ClubCorp Holdings from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 12th. Finally, TheStreet raised ClubCorp Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, July 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company’s stock. ClubCorp Holdings has an average rating of “Buy” and an average price target of $19.78.
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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