BidaskClub Lowers ClubCorp Holdings, Inc. (MYCC) to Sell
ClubCorp Holdings, Inc. (NYSE:MYCC) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Thursday.
Several other brokerages have also recently commented on MYCC. Zacks Investment Research cut shares of ClubCorp Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday. MKM Partners cut shares of ClubCorp Holdings from a “buy” rating to a “neutral” rating and set a $17.00 price target on the stock. in a research report on Thursday, July 20th. Stifel Nicolaus cut shares of ClubCorp Holdings from a “buy” rating to a “hold” rating and reduced their price target for the stock from $18.00 to $17.00 in a research report on Wednesday, July 26th. Finally, Jefferies Group LLC set a $27.00 price target on shares of ClubCorp Holdings and gave the stock a “buy” rating in a research report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $18.50.
Shares of ClubCorp Holdings (NYSE:MYCC) traded up 0.147% during mid-day trading on Thursday, reaching $17.075. The company’s stock had a trading volume of 229,890 shares. The firm’s market capitalization is $1.12 billion. The firm has a 50-day moving average of $17.00 and a 200-day moving average of $15.22. 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 quarterly earnings results on Thursday, July 20th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.14). ClubCorp Holdings had a positive return on equity of 9.50% and a negative net margin of 0.04%. The company had revenue of $276.35 million for the quarter, compared to the consensus estimate of $276.51 million. Equities research analysts forecast that ClubCorp Holdings will post $0.24 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently modified their holdings of the business. Mesirow Financial Investment Management Inc. bought a new position in ClubCorp Holdings in the second quarter worth about $253,000. The Manufacturers Life Insurance Company lifted its holdings in ClubCorp Holdings by 0.5% in the second quarter. The Manufacturers Life Insurance Company now owns 50,898 shares of the company’s stock worth $667,000 after acquiring an additional 241 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in ClubCorp Holdings by 773.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 207,100 shares of the company’s stock worth $2,713,000 after acquiring an additional 183,400 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in ClubCorp Holdings in the second quarter worth about $130,000. Finally, BlueCrest Capital Management Ltd bought a new position in ClubCorp Holdings in the second quarter worth about $1,065,000. 96.29% 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.
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