ClubCorp Holdings Inc. (MYCC) Price Target Cut to $16.00
ClubCorp Holdings Inc. (NYSE:MYCC) had its target price decreased by research analysts at Imperial Capital from $21.00 to $16.00 in a research note issued to investors on Monday, StockTargetPrices.com reports. The brokerage presently has an “outperform” rating on the stock. Imperial Capital’s price objective suggests a potential upside of 34.68% from the stock’s previous close.
MYCC has been the topic of several other research reports. Jefferies Group reaffirmed a “buy” rating on shares of ClubCorp Holdings in a research note on Friday, September 2nd. MKM Partners set a $22.00 price objective on ClubCorp Holdings and gave the stock a “buy” rating in a research note on Friday, August 19th. FBR & Co initiated coverage on ClubCorp Holdings in a research note on Thursday, June 30th. They set an “outperform” rating and a $17.00 price objective on the stock. Wells Fargo & Co. reaffirmed a “buy” rating on shares of ClubCorp Holdings in a research note on Tuesday, July 19th. Finally, TheStreet raised ClubCorp Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, July 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the stock. ClubCorp Holdings presently has a consensus rating of “Buy” and a consensus price target of $19.22.
Shares of ClubCorp Holdings (NYSE:MYCC) opened at 11.88 on Monday. ClubCorp Holdings has a 52 week low of $9.75 and a 52 week high of $20.90. The company’s 50-day moving average price is $14.68 and its 200 day moving average price is $13.68. The company’s market cap is $778.85 million.
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ClubCorp Holdings (NYSE:MYCC) last posted its quarterly earnings results on Thursday, October 13th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by $0.06. The company earned $259.33 million during the quarter, compared to the consensus estimate of $264.83 million. ClubCorp Holdings had a negative return on equity of 0.22% and a negative net margin of 0.74%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.02 earnings per share. On average, equities analysts forecast that ClubCorp Holdings will post $0.21 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 10th will be given a $0.13 dividend. The ex-dividend date is Wednesday, October 5th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.38%. This is an increase from ClubCorp Holdings’s previous quarterly dividend of $0.12. ClubCorp Holdings’s payout ratio is currently -400.00%.
In related news, EVP Andrew V. Miller sold 2,000 shares of ClubCorp Holdings stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $14.94, for a total value of $29,880.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 2.90% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Fox Run Management L.L.C. acquired a new position in ClubCorp Holdings during the third quarter worth approximately $175,000. Schwab Charles Investment Management Inc. boosted its position in ClubCorp Holdings by 39.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 259,578 shares of the company’s stock worth $3,375,000 after buying an additional 73,516 shares during the last quarter. Legal & General Group Plc boosted its position in ClubCorp Holdings by 5.0% in the second quarter. Legal & General Group Plc now owns 14,602 shares of the company’s stock worth $186,000 after buying an additional 689 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its position in ClubCorp Holdings by 52.4% in the second quarter. Metropolitan Life Insurance Co. NY now owns 47,424 shares of the company’s stock worth $617,000 after buying an additional 16,302 shares during the last quarter. Finally, Highbridge Capital Management LLC acquired a new position in ClubCorp Holdings during the second quarter worth approximately $1,668,000. 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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