ClubCorp Holdings Inc. (MYCC) Given a $27.00 Price Target by Jefferies Group Analysts
ClubCorp Holdings Inc. (NYSE:MYCC) has been assigned a $27.00 target price by Jefferies Group in a research report issued to clients and investors on Saturday. The brokerage presently has a a “buy” rating on the stock. Jefferies Group’s price target would suggest a potential upside of 127.27% from the company’s current price.
MYCC has been the subject of a number of other research reports. MKM Partners set a $22.00 target price 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 set an “outperform” rating and a $17.00 target price for the company. Wells Fargo & Co. reiterated a “buy” rating on shares of ClubCorp Holdings in a research note on Tuesday, July 19th. TheStreet upgraded shares of ClubCorp Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, July 14th. Finally, Citigroup Inc. lowered their target price on shares of ClubCorp Holdings from $17.50 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, September 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $19.78.
Shares of ClubCorp Holdings (NYSE:MYCC) traded down 3.57% during trading on Friday, reaching $11.88. The company had a trading volume of 1,780,779 shares. ClubCorp Holdings has a 1-year low of $9.75 and a 1-year high of $20.90. The firm has a 50-day moving average of $14.68 and a 200 day moving average of $13.68. The firm’s market capitalization is $778.85 million.
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ClubCorp Holdings (NYSE:MYCC) last issued its earnings results on Thursday, October 13th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by $0.06. The firm had revenue of $259.33 million for the quarter, compared to analyst estimates of $264.83 million. ClubCorp Holdings had a negative return on equity of 0.22% and a negative net margin of 0.74%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.02 EPS. Analysts expect that ClubCorp Holdings will post $0.21 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 10th will be issued a dividend of $0.13 per share. This is a boost from ClubCorp Holdings’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 4.38%. The ex-dividend date of this dividend is Wednesday, October 5th. ClubCorp Holdings’s dividend payout ratio is currently -400.00%.
In related news, EVP Andrew V. Miller sold 2,000 shares of the stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $14.94, for a total transaction of $29,880.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.90% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of 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 valued at $104,000 after buying an additional 1,089 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of ClubCorp Holdings by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 9,033 shares of the company’s stock worth $117,000 after buying an additional 1,096 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of ClubCorp Holdings by 461.2% in the first quarter. Envestnet Asset Management Inc. now owns 10,085 shares of the company’s stock worth $142,000 after buying an additional 8,288 shares during the period. Principal Financial Group Inc. bought a new position in shares of ClubCorp Holdings during the second quarter worth about $150,000. Finally, First New York Securities LLC NY bought a new position in shares of ClubCorp Holdings during the second quarter worth about $155,000. 97.27% of the stock is owned by hedge funds and other institutional investors.
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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