ClubCorp Holdings Inc. (MYCC) Earns Buy Rating from Stifel Nicolaus
ClubCorp Holdings Inc. (NYSE:MYCC)‘s stock had its “buy” rating reissued by stock analysts at Stifel Nicolaus in a research report issued to clients and investors on Monday. They presently have a $17.00 target price on the stock, down from their prior target price of $18.00. Stifel Nicolaus’ target price would indicate a potential upside of 43.10% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the stock. Imperial Capital boosted their price target on shares of ClubCorp Holdings from $12.00 to $14.00 and gave the stock an “in-line” rating in a research note on Tuesday, July 19th. Bank of America Corp. restated a “buy” rating on shares of ClubCorp Holdings in a report on Sunday, July 17th. Deutsche Bank AG restated a “buy” rating on shares of ClubCorp Holdings in a report on Sunday, July 17th. Jefferies Group set a $27.00 price objective on shares of ClubCorp Holdings and gave the stock a “buy” rating in a report on Saturday. Finally, FBR & Co set a $17.00 price objective on shares of ClubCorp Holdings and gave the stock a “buy” rating in a report on Saturday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the stock. ClubCorp Holdings currently has an average rating of “Buy” and a consensus price target of $19.00.
ClubCorp Holdings (NYSE:MYCC) remained flat at $11.88 during trading on Monday. 323,727 shares of the company’s stock traded hands. The company 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. ClubCorp Holdings has a one year low of $9.75 and a one year high of $20.90.
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ClubCorp Holdings (NYSE:MYCC) last released its quarterly earnings results on Thursday, October 13th. The company reported $0.02 EPS 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 company earned $259.33 million during the quarter, compared to analysts’ expectations of $264.83 million. During the same period in the prior year, the firm earned $0.02 EPS. ClubCorp Holdings’s quarterly revenue was up 1.6% on a year-over-year basis. On average, equities analysts forecast that ClubCorp Holdings will post $0.21 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 10th will be issued a $0.13 dividend. The ex-dividend date is Wednesday, October 5th. This is a positive change from ClubCorp Holdings’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 4.38%. ClubCorp Holdings’s dividend payout ratio is -400.00%.
In other ClubCorp Holdings news, EVP Andrew V. Miller sold 2,000 shares of the company’s 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.90% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Deprince Race & Zollo Inc. acquired a new stake in ClubCorp Holdings during the second quarter worth $27,615,000. Wellington Management Group LLP increased its stake in 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 acquired a new stake in ClubCorp Holdings during the first quarter worth $208,000. Kennedy Capital Management Inc. increased its stake in 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 stake in 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.
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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