ClubCorp Holdings, Inc. (MYCC) Receives $19.50 Average Target Price from Brokerages

Shares of ClubCorp Holdings, Inc. (NYSE:MYCC) have received a consensus recommendation of “Hold” from the eight brokerages that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $19.50.

Several equities analysts have commented on MYCC shares. Zacks Investment Research downgraded ClubCorp from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. BidaskClub downgraded ClubCorp from a “hold” rating to a “sell” rating in a research report on Thursday, September 14th.

A number of institutional investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA lifted its holdings in shares of ClubCorp by 591.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,866 shares of the company’s stock worth $116,000 after buying an additional 7,584 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of ClubCorp in the 2nd quarter worth $130,000. Stevens Capital Management LP purchased a new stake in shares of ClubCorp in the 2nd quarter worth $153,000. Mesirow Financial Investment Management Inc. purchased a new stake in shares of ClubCorp in the 2nd quarter worth $253,000. Finally, Quantbot Technologies LP lifted its holdings in shares of ClubCorp by 300.4% in the 2nd quarter. Quantbot Technologies LP now owns 20,194 shares of the company’s stock worth $264,000 after buying an additional 15,150 shares during the period. 96.31% of the stock is currently owned by institutional investors.

Shares of ClubCorp (NYSE:MYCC) traded down $0.05 during trading on Friday, reaching $17.10. The company’s stock had a trading volume of 1,318,700 shares, compared to its average volume of 1,236,285. The company has a debt-to-equity ratio of 7.57, a quick ratio of 0.46 and a current ratio of 0.52. ClubCorp has a 12 month low of $10.80 and a 12 month high of $17.60.

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About ClubCorp

ClubCorp Holdings, Inc, incorporated on November 10, 2010, is engaged in membership-based leisure business. The Company is also the owner-operator of private golf and country clubs, and business, sports and alumni clubs in North America. The Company operates through two segments: golf and country clubs, and business, sports and alumni clubs.

Analyst Recommendations for ClubCorp (NYSE:MYCC)

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