ClubCorp Holdings Inc (NYSE:MYCC) saw a large increase in short interest during the month of April. As of April 28th, there was short interest totalling 3,060,751 shares, an increase of 45.7% from the April 13th total of 2,100,835 shares. Based on an average daily trading volume, of 954,330 shares, the days-to-cover ratio is presently 3.2 days. Approximately 4.8% of the company’s stock are sold short.

ClubCorp Holdings (NYSE:MYCC) opened at 13.10 on Tuesday. The company has a market cap of $861.08 million, a PE ratio of 218.33 and a beta of 1.11. The firm’s 50-day moving average price is $14.30 and its 200 day moving average price is $14.86. ClubCorp Holdings has a 52-week low of $10.80 and a 52-week high of $17.60.

ClubCorp Holdings (NYSE:MYCC) last issued its earnings results on Wednesday, April 12th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.04. The firm had revenue of $221.28 million during the quarter, compared to the consensus estimate of $221.74 million. ClubCorp Holdings had a negative net margin of 0.74% and a negative return on equity of 0.22%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.13) earnings per share. On average, equities analysts predict that ClubCorp Holdings will post $0.37 EPS for the current fiscal year.

A number of research firms recently weighed in on MYCC. Stifel Nicolaus dropped their price target on ClubCorp Holdings from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Monday, April 17th. FBR & Co dropped their price target on ClubCorp Holdings from $23.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, April 13th. Imperial Capital dropped their price target on ClubCorp Holdings from $21.00 to $17.00 and set an “outperform” rating on the stock in a research note on Thursday, April 13th. Finally, Macquarie cut ClubCorp Holdings from an “outperform” rating to a “neutral” rating and increased their price target for the company from $16.90 to $18.00 in a research note on Monday, March 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $19.50.

Several hedge funds have recently modified their holdings of MYCC. US Bancorp DE raised its stake in ClubCorp Holdings by 1.3% in the third quarter. US Bancorp DE now owns 8,072 shares of the company’s stock worth $117,000 after buying an additional 100 shares during the last quarter. WFG Advisors LP raised its stake in ClubCorp Holdings by 112,200.0% in the fourth quarter. WFG Advisors LP now owns 1,123 shares of the company’s stock worth $148,000 after buying an additional 1,122 shares during the last quarter. Legal & General Group Plc raised its stake in ClubCorp Holdings by 11.7% in the first quarter. Legal & General Group Plc now owns 23,784 shares of the company’s stock worth $380,000 after buying an additional 2,484 shares during the last quarter. American International Group Inc. raised its stake in ClubCorp Holdings by 7.1% in the first quarter. American International Group Inc. now owns 39,631 shares of the company’s stock worth $636,000 after buying an additional 2,612 shares during the last quarter. Finally, Swiss National Bank raised its stake in ClubCorp Holdings by 2.7% in the first quarter. Swiss National Bank now owns 107,894 shares of the company’s stock worth $1,732,000 after buying an additional 2,800 shares during the last quarter.

ILLEGAL ACTIVITY WARNING: “Short Interest in ClubCorp Holdings Inc (MYCC) Increases By 45.7%” was first published by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of US & international copyright & trademark laws. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/05/16/short-interest-in-clubcorp-holdings-inc-mycc-increases-by-45-7.html.

About ClubCorp Holdings

ClubCorp Holdings, Inc, incorporated on November 10, 2010, is engaged in membership-based leisure business. The Company is also the owner-operator of private golf and country clubs, and business, sports and alumni clubs in North America. The Company operates through two segments: golf and country clubs, and business, sports and alumni clubs.

5 Day Chart for NYSE:MYCC

Receive News & Ratings for ClubCorp Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ClubCorp Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.