Shares of ClubCorp Holdings Inc. (NYSE:MYCC) have been assigned an average rating of “Buy” from the fifteen research firms that are presently covering the stock. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $19.17.
Several research firms have recently issued reports on MYCC. Imperial Capital upped their target price on ClubCorp Holdings from $12.00 to $14.00 and gave the company an “in-line” rating in a report on Tuesday, July 19th. Bank of America Corp. reaffirmed a “buy” rating on shares of ClubCorp Holdings in a report on Sunday, July 17th. Deutsche Bank AG reaffirmed a “buy” rating on shares of ClubCorp Holdings in a report on Sunday, July 17th. Zacks Investment Research lowered ClubCorp Holdings from a “hold” rating to a “strong sell” rating in a report on Friday. Finally, Jefferies Group set a $27.00 target price on ClubCorp Holdings and gave the company a “buy” rating in a report on Saturday.
In other ClubCorp Holdings news, EVP Andrew V. Miller sold 2,000 shares of the 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.90% of the company’s stock.
Several large investors have recently modified their holdings of MYCC. Fox Run Management L.L.C. acquired a new stake in shares of ClubCorp Holdings during the third quarter worth about $175,000. Schwab Charles Investment Management Inc. increased its stake in shares of ClubCorp Holdings by 39.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 259,578 shares of the company’s stock worth $3,375,000 after buying an additional 73,516 shares during the period. Legal & General Group Plc increased its stake in shares of ClubCorp Holdings by 5.0% in the second quarter. Legal & General Group Plc now owns 14,602 shares of the company’s stock worth $186,000 after buying an additional 689 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in shares of ClubCorp Holdings by 52.4% in the second quarter. Metropolitan Life Insurance Co. NY now owns 47,424 shares of the company’s stock worth $617,000 after buying an additional 16,302 shares during the period. Finally, Highbridge Capital Management LLC acquired a new stake in shares of ClubCorp Holdings during the second quarter worth about $1,668,000. Institutional investors own 97.31% of the company’s stock.
ClubCorp Holdings (NYSE:MYCC) opened at 11.88 on Wednesday. The firm’s market capitalization is $778.85 million. The firm has a 50-day moving average price of $14.68 and a 200 day moving average price of $13.68. ClubCorp Holdings has a one year low of $9.75 and a one year high of $20.90.
ClubCorp Holdings (NYSE:MYCC) last released its earnings results on Thursday, October 13th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by $0.06. The business earned $259.33 million during the quarter, compared to the consensus estimate of $264.83 million. ClubCorp Holdings had a negative net margin of 0.74% and a negative return on equity of 0.22%. The business’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.02 earnings per share. Analysts anticipate that ClubCorp Holdings will post $0.21 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 10th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.52 annualized dividend and a dividend yield of 4.38%. This is an increase from ClubCorp Holdings’s previous quarterly dividend of $0.12. ClubCorp Holdings’s dividend payout ratio is currently -400.00%.
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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