ClubCorp Holdings Inc. (NYSE:MYCC) declared a dividend on Thursday, September 29th. Stockholders of record on Monday, October 10th will be given a dividend of 0.13 per share on Monday, October 17th. The ex-dividend date is Wednesday, October 5th. This is an increase from ClubCorp Holdings’s previous dividend of $0.12.
ClubCorp Holdings (NYSE:MYCC) opened at 14.54 on Friday. ClubCorp Holdings has a 1-year low of $9.75 and a 1-year high of $23.04. The stock has a 50 day moving average price of $14.92 and a 200 day moving average price of $13.69. The company’s market cap is $953.24 million.
ClubCorp Holdings (NYSE:MYCC) last announced its earnings results on Thursday, July 14th. The company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by $0.04. ClubCorp Holdings had a negative return on equity of 1.25% and a negative net margin of 0.74%. The business had revenue of $269 million for the quarter. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts anticipate that ClubCorp Holdings will post $0.21 EPS for the current fiscal year.
MYCC has been the topic of several research analyst reports. FBR & Co initiated coverage on ClubCorp Holdings in a research note on Thursday, June 30th. They set an “outperform” rating and a $17.00 target price on the stock. Bank of America Corp. restated a “buy” rating on shares of ClubCorp Holdings in a research note on Sunday, July 17th. Deutsche Bank AG restated a “buy” rating on shares of ClubCorp Holdings in a research note on Sunday, July 17th. Zacks Investment Research downgraded ClubCorp Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. Finally, Wells Fargo & Co. restated a “buy” rating on shares of ClubCorp Holdings in a research note on Tuesday, July 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $19.78.
In related news, EVP Andrew V. Miller sold 2,000 shares of the company’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $14.94, for a total value of $29,880.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.90% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE boosted its position in ClubCorp Holdings by 15.8% in the second quarter. US Bancorp DE now owns 7,972 shares of the company’s stock worth $104,000 after buying an additional 1,089 shares during the last quarter. Principal Financial Group Inc. acquired a new position in ClubCorp Holdings during the second quarter worth $150,000. American International Group Inc. boosted 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 worth $482,000 after buying an additional 11,320 shares during the last quarter. Thrivent Financial for Lutherans acquired a new position in ClubCorp Holdings during the second quarter worth $674,000. Finally, Engineers Gate Manager LP acquired a new position in ClubCorp Holdings during the second quarter worth $708,000. 97.27% of the stock is owned by institutional investors.
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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