According to Zacks, “ClubCorp Holdings, Inc. is involved in leisure business. The company owns or operates a golf and country clubs, business clubs, sports clubs and alumni clubs primarily in North America. It operates in two segments: Golf and Country Clubs and Business, Sports and Alumni Clubs. The Golf and Country Clubs segment offers private country clubs, golf clubs which offer private and public golf play, other recreational amenities and public golf facilities. The Business, Sports and Alumni Clubs segment provides business clubs for dining, business or social entertainment for business executives, professionals and entrepreneurs, sports clubs provides fitness and racquet facilities, business/sports clubs and alumni clubs to provide a connection between the university and its alumni and faculty. ClubCorp Holdings, Inc. is based in Dallas, Texas. “
MYCC has been the subject of a number of other reports. Jefferies Group reaffirmed a buy rating on shares of ClubCorp Holdings in a research note on Friday, September 2nd. MKM Partners set a $22.00 price objective on shares of ClubCorp Holdings and gave the stock a buy rating in a research note on Friday, August 19th. FBR & Co started 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 for the company. Wells Fargo & Co. reaffirmed a buy rating on shares of ClubCorp Holdings in a research note on Tuesday, July 19th. Finally, TheStreet raised shares of ClubCorp Holdings from a sell rating to a hold rating in a research note on Thursday, July 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company’s stock. ClubCorp Holdings currently has a consensus rating of Buy and an average price target of $19.00.
ClubCorp Holdings (NYSE:MYCC) opened at 12.13 on Friday. The stock’s market cap is $795.24 million. ClubCorp Holdings has a 12-month low of $9.75 and a 12-month high of $20.82. The company has a 50 day moving average of $14.55 and a 200-day moving average of $13.65.
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 Zacks’ consensus estimate of $0.08 by $0.06. ClubCorp Holdings had a negative return on equity of 0.22% and a negative net margin of 0.74%. The business earned $259.33 million during the quarter, compared to analysts’ expectations of $264.83 million. During the same period last year, the company earned $0.02 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year. Equities analysts forecast that ClubCorp Holdings will post $0.21 earnings per share for the current year.
The company also recently announced 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 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 4.29%. ClubCorp Holdings’s payout ratio is currently -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 shares were 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 this link. 2.90% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the company. Deprince Race & Zollo Inc. purchased a new position in shares of ClubCorp Holdings during the second quarter worth approximately $27,615,000. Wellington Management Group LLP increased its position in shares of ClubCorp Holdings by 58.5% in the first quarter. Wellington Management Group LLP now owns 2,681,689 shares of the company’s stock worth $37,651,000 after buying an additional 989,468 shares in the last quarter. Bayesian Capital Management LP purchased a new position in shares of ClubCorp Holdings during the first quarter worth approximately $208,000. Kennedy Capital Management Inc. increased its position in shares of ClubCorp Holdings by 116.1% in the first quarter. Kennedy Capital Management Inc. now owns 147,847 shares of the company’s stock worth $2,076,000 after buying an additional 79,440 shares in the last quarter. Finally, BlackRock Group LTD increased its position in shares of ClubCorp Holdings by 11.1% in the first quarter. BlackRock Group LTD now owns 279,573 shares of the company’s stock worth $3,925,000 after buying an additional 27,821 shares in the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.
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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