ClubCorp Holdings Inc. (NYSE:MYCC) posted its quarterly earnings data on Thursday. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.08 by $0.06. The company earned $259.33 million during the quarter, compared to analyst estimates of $264.83 million. ClubCorp Holdings had a negative net margin of 0.74% and a negative return on equity of 0.22%. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.02 EPS.
ClubCorp Holdings (NYSE:MYCC) opened at 11.88 on Monday. The company’s market cap is $778.85 million. The company’s 50-day moving average is $14.68 and its 200 day moving average is $13.68. ClubCorp Holdings has a 1-year low of $9.75 and a 1-year high of $20.90.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 10th will be paid a dividend of $0.13 per share. This is a positive change from ClubCorp Holdings’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.52 annualized dividend and a yield of 4.38%. ClubCorp Holdings’s dividend payout ratio (DPR) is presently -400.00%.
In other ClubCorp Holdings news, EVP Andrew V. Miller sold 2,000 shares of the business’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.90% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. US Bancorp DE increased its position 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. Principal Financial Group Inc. purchased a new position in ClubCorp Holdings during the second quarter valued at about $150,000. American International Group Inc. increased its position in ClubCorp Holdings by 44.0% in the second quarter. American International Group Inc. now owns 37,059 shares of the company’s stock valued at $482,000 after buying an additional 11,320 shares in the last quarter. Thrivent Financial for Lutherans purchased a new position in ClubCorp Holdings during the second quarter valued at about $674,000. Finally, Engineers Gate Manager LP purchased a new position in ClubCorp Holdings during the second quarter valued at about $708,000. 97.27% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have weighed in on the stock. Jefferies Group set a $27.00 price objective on shares of ClubCorp Holdings and gave the company a “buy” rating in a research report on Saturday. Zacks Investment Research cut shares of ClubCorp Holdings from a “hold” rating to a “strong sell” rating in a research report on Friday. MKM Partners restated a “buy” rating and issued a $24.00 price objective on shares of ClubCorp Holdings in a research report on Monday, July 11th. Imperial Capital raised their price objective on shares of ClubCorp Holdings from $12.00 to $14.00 and gave the company an “in-line” rating 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 investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the stock. ClubCorp Holdings presently has a consensus rating of “Buy” and an average target price 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.
Receive News & Ratings for ClubCorp Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ClubCorp Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.