ClubCorp Holdings Inc. (MYCC) Given “Buy” Rating at Stifel Nicolaus
ClubCorp Holdings Inc. (NYSE:MYCC)‘s stock had its “buy” rating reiterated by stock analysts at Stifel Nicolaus in a report released on Monday. They presently have a $17.00 target price on the stock, down from their previous target price of $18.00. Stifel Nicolaus’ price target indicates a potential upside of 43.10% from the company’s previous close.
Other analysts have also issued research reports about the company. Jefferies Group reiterated a “buy” rating and issued a $27.00 target price on shares of ClubCorp Holdings in a research note on Thursday, June 23rd. MKM Partners reiterated a “buy” rating and issued a $24.00 target price on shares of ClubCorp Holdings in a research note on Monday, July 11th. Wells Fargo & Co. reiterated a “buy” rating on shares of ClubCorp Holdings in a research note on Tuesday, July 19th. Deutsche Bank AG reiterated a “buy” rating on shares of ClubCorp Holdings in a research note on Sunday, July 17th. Finally, Bank of America Corp. reiterated a “buy” rating on shares of ClubCorp Holdings in a research note on Sunday, July 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company. ClubCorp Holdings presently has a consensus rating of “Buy” and an average target price of $19.00.
ClubCorp Holdings (NYSE:MYCC) traded up 0.08% during trading on Monday, reaching $11.89. The company had a trading volume of 318,315 shares. ClubCorp Holdings has a 52-week low of $9.75 and a 52-week high of $20.90. The firm’s market capitalization is $779.51 million. The company has a 50-day moving average of $14.68 and a 200-day moving average of $13.68.
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ClubCorp Holdings (NYSE:MYCC) last released its quarterly earnings results on Thursday, October 13th. 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 net margin of 0.74% and a negative return on equity of 0.22%. The company had revenue of $259.33 million for the quarter, compared to analysts’ expectations of $264.83 million. During the same quarter in the previous year, the company posted $0.02 EPS. The business’s quarterly revenue was up 1.6% on a year-over-year basis. Analysts expect that ClubCorp Holdings will post $0.21 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 10th will be given a dividend of $0.13 per share. The ex-dividend date is Wednesday, October 5th. This represents a $0.52 dividend on an annualized basis and a yield of 4.38%. This is an increase from ClubCorp Holdings’s previous quarterly dividend of $0.12. ClubCorp Holdings’s dividend payout ratio (DPR) is presently -400.00%.
In related news, EVP Andrew V. Miller sold 2,000 shares of the firm’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $14.94, for a total transaction of $29,880.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.90% of the company’s stock.
A number of large investors have recently modified their holdings of MYCC. BlackRock Group LTD increased its stake in shares of 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 during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of ClubCorp Holdings by 0.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,433,265 shares of the company’s stock valued at $20,123,000 after buying an additional 9,238 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of ClubCorp Holdings by 33.8% in the first quarter. JPMorgan Chase & Co. now owns 2,891,232 shares of the company’s stock valued at $40,593,000 after buying an additional 729,931 shares in the last quarter. Menta Capital LLC acquired a new stake in shares of ClubCorp Holdings during the first quarter valued at $1,043,000. Finally, Credit Agricole S A increased its stake in shares of ClubCorp Holdings by 15.4% in the first quarter. Credit Agricole S A now owns 169,065 shares of the company’s stock valued at $2,374,000 after buying an additional 22,510 shares in the last quarter. 97.31% of the stock is currently 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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