Insider Selling: ClubCorp Holdings major shareholder Unloads 8,050,000 Shares of Stock (MYCC)
ClubCorp Holdings (NASDAQ:MYCC) major shareholder Fillmore Cca Investment, Llc unloaded 8,050,000 shares of the stock on the open market in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $17.43, for a total value of $140,311,500.00. Following the completion of the sale, the insider now directly owns 32,768,922 shares in the company, valued at approximately $571,162,310. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of ClubCorp Holdings (NASDAQ:MYCC) traded down 0.48% during mid-day trading on Monday, hitting $18.55. The stock had a trading volume of 254,672 shares. ClubCorp Holdings has a 52-week low of $13.51 and a 52-week high of $19.76. The stock has a 50-day moving average of $18.2 and a 200-day moving average of $17.86. The company’s market cap is $1.195 billion.
ClubCorp Holdings (NASDAQ:MYCC) last announced its earnings results on Thursday, May 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by $0.04. The company had revenue of $165.72 million for the quarter, compared to the consensus estimate of $167.25 million. On average, analysts predict that ClubCorp Holdings will post $0.36 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on MYCC shares. Analysts at Jefferies Group raised their price target on shares of ClubCorp Holdings from $25.00 to $27.00 in a research note on Tuesday, April 15th. Separately, analysts at MKM Partners raised their price target on shares of ClubCorp Holdings from $20.00 to $22.00 in a research note on Friday, March 28th. They now have a “buy” rating on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of ClubCorp Holdings from $21.00 to $22.00 in a research note on Tuesday, March 25th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. ClubCorp Holdings has an average rating of “Buy” and an average price target of $21.80.
ClubCorp Holdings, Inc, is engaged in leisure business and an owner-operator of private golf, country, business, sports and alumni clubs in North America.
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