ClubCorp Holdings Inc. (MYCC) Announces Quarterly Earnings Results, Misses Estimates By $0.06 EPS
ClubCorp Holdings Inc. (NYSE:MYCC) released its earnings results on Thursday. The company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by $0.06. ClubCorp Holdings had a negative return on equity of 1.25% and a negative net margin of 0.74%.
Shares of ClubCorp Holdings (NYSE:MYCC) opened at 14.03 on Thursday. ClubCorp Holdings has a 52 week low of $9.75 and a 52 week high of $22.19. The stock has a 50 day moving average of $14.81 and a 200-day moving average of $13.70. The firm’s market capitalization is $919.81 million.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 10th will be paid a $0.13 dividend. This is a positive change from ClubCorp Holdings’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend is Wednesday, October 5th. ClubCorp Holdings’s dividend payout ratio is currently -399.97%.
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In other ClubCorp Holdings 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.90% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in the stock. FMR LLC boosted its position in shares of ClubCorp Holdings by 39.5% in the second quarter. FMR LLC now owns 1,000,558 shares of the company’s stock worth $13,008,000 after buying an additional 283,231 shares in the last quarter. United Services Automobile Association boosted its position in shares of ClubCorp Holdings by 20.9% in the second quarter. United Services Automobile Association now owns 114,500 shares of the company’s stock worth $1,489,000 after buying an additional 19,800 shares in the last quarter. American International Group Inc. boosted its position in shares of 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 in the last quarter. Comerica Bank acquired a new position in shares of ClubCorp Holdings during the second quarter worth about $2,011,000. Finally, Alliancebernstein L.P. boosted its position in shares of ClubCorp Holdings by 19.0% in the second quarter. Alliancebernstein L.P. now owns 72,570 shares of the company’s stock worth $943,000 after buying an additional 11,600 shares in the last quarter. Institutional investors own 97.27% of the company’s stock.
A number of equities research analysts recently weighed in on MYCC shares. Jefferies Group reaffirmed a “buy” rating and set a $27.00 price objective on shares of ClubCorp Holdings in a research report on Thursday, June 23rd. MKM Partners reaffirmed a “buy” rating and set a $24.00 price objective on shares of ClubCorp Holdings in a research report on Monday, July 11th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of ClubCorp Holdings in a research report on Tuesday, July 19th. Deutsche Bank AG reaffirmed a “buy” rating on shares of ClubCorp Holdings in a research report on Sunday, July 17th. Finally, Bank of America Corp. reaffirmed a “buy” rating on shares of ClubCorp Holdings in a research report on Sunday, July 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $19.78.
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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