ClubCorp Holdings Inc. (NYSE:MYCC) had its price target reduced by Imperial Capital from $21.00 to $16.00 in a report published on Monday. Imperial Capital currently has an outperform rating on the stock.
Several other research firms have also weighed in on MYCC. FBR & Co assumed coverage on shares of ClubCorp Holdings in a research note on Thursday, June 30th. They issued an outperform rating and a $17.00 price objective on the stock. Bank of America Corp. reissued a buy rating on shares of ClubCorp Holdings in a research report on Sunday, July 17th. Deutsche Bank AG reissued a buy rating on shares of ClubCorp Holdings in a research report on Sunday, July 17th. Zacks Investment Research downgraded shares of ClubCorp Holdings from a hold rating to a sell rating in a research report on Tuesday, July 19th. Finally, Wells Fargo & Co. reissued a buy rating on shares of ClubCorp Holdings in a research report on Tuesday, July 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $19.00.
Shares of ClubCorp Holdings (NYSE:MYCC) traded up 1.91% during trading on Monday, hitting $12.25. 25,566 shares of the company’s stock were exchanged. ClubCorp Holdings has a 1-year low of $9.75 and a 1-year high of $20.90. The stock’s 50 day moving average is $14.61 and its 200 day moving average is $13.66. The firm’s market capitalization is $803.11 million.
ClubCorp Holdings (NYSE:MYCC) last released its quarterly earnings data on Thursday, October 13th. The company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ 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 firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.02 EPS. On average, equities research analysts forecast that ClubCorp Holdings will post $0.21 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 17th. Shareholders of record on Monday, October 10th were issued a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, October 5th. This is an increase from ClubCorp Holdings’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 4.33%. ClubCorp Holdings’s dividend payout ratio is -400.00%.
In other news, EVP Andrew V. Miller sold 2,000 shares of the stock in a transaction on Friday, July 22nd. The shares were 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 Securities & Exchange Commission, which is accessible through this link. 2.90% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in MYCC. Fox Run Management L.L.C. acquired a new position in shares of ClubCorp Holdings during the third quarter worth about $175,000. Schwab Charles Investment Management Inc. boosted its position 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 in the last quarter. Legal & General Group Plc boosted its position 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 in the last quarter. Metropolitan Life Insurance Co. NY boosted its position 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 in the last quarter. Finally, Highbridge Capital Management LLC acquired a new position 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 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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