Stifel Nicolaus Lowers ClubCorp Holdings, Inc. (MYCC) to Hold
ClubCorp Holdings, Inc. (NYSE:MYCC) was downgraded by Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday. They currently have a $17.00 target price on the stock, down from their prior target price of $18.00. Stifel Nicolaus’ price objective suggests a potential upside of 0.59% from the company’s current price.
A number of other research firms have also commented on MYCC. Jefferies Group LLC set a $27.00 price target on shares of ClubCorp Holdings and gave the company a “buy” rating in a report on Friday, June 2nd. Imperial Capital decreased their price objective on shares of ClubCorp Holdings from $21.00 to $17.00 and set an “outperform” rating for the company in a report on Thursday, April 13th. MKM Partners lowered shares of ClubCorp Holdings from a “buy” rating to a “neutral” rating and set a $17.00 price objective for the company. in a report on Thursday, July 20th. FBR & Co decreased their price objective on shares of ClubCorp Holdings from $23.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, April 13th. Finally, Zacks Investment Research upgraded shares of ClubCorp Holdings from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Thursday, June 29th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $18.33.
ClubCorp Holdings (MYCC) traded up 0.444% during trading on Wednesday, hitting $16.975. 1,374,262 shares of the stock traded hands. ClubCorp Holdings has a 12 month low of $10.80 and a 12 month high of $17.60. The company has a 50-day moving average price of $14.49 and a 200-day moving average price of $15.11. The stock’s market cap is $1.11 billion.
ClubCorp Holdings (NYSE:MYCC) last announced its quarterly earnings data on Thursday, July 20th. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.14. The business had revenue of $276.35 million during the quarter, compared to the consensus estimate of $276.51 million. ClubCorp Holdings had a positive return on equity of 9.50% and a negative net margin of 0.04%. Equities research analysts expect that ClubCorp Holdings will post $0.35 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: “Stifel Nicolaus Lowers ClubCorp Holdings, Inc. (MYCC) to Hold” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this article on another website, it was copied illegally and republished in violation of U.S. and international copyright legislation. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/07/26/stifel-nicolaus-lowers-clubcorp-holdings-inc-mycc-to-hold.html.
Several hedge funds have recently made changes to their positions in MYCC. Ranger Global Real Estate Advisors LLC bought a new stake in shares of ClubCorp Holdings during the first quarter worth about $11,344,000. Kennedy Capital Management Inc. increased its stake in shares of ClubCorp Holdings by 77.2% in the first quarter. Kennedy Capital Management Inc. now owns 1,448,222 shares of the company’s stock worth $23,244,000 after buying an additional 630,849 shares during the last quarter. Granite Investment Partners LLC bought a new stake in shares of ClubCorp Holdings during the first quarter worth about $8,869,000. Chescapmanager LLC boosted its position in shares of ClubCorp Holdings by 92.7% in the first quarter. Chescapmanager LLC now owns 854,112 shares of the company’s stock valued at $13,708,000 after buying an additional 410,913 shares during the period. Finally, Norges Bank acquired a new position in shares of ClubCorp Holdings during the fourth quarter valued at $5,557,000. 95.72% of the stock is currently owned by hedge funds and other institutional investors.
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.
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.