ClubCorp Holdings, Inc. (MYCC) Given Average Recommendation of “Hold” by Analysts
ClubCorp Holdings, Inc. (NYSE:MYCC) has received a consensus rating of “Hold” from the nine brokerages that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $19.00.
MYCC has been the topic of a number of analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $18.00 price objective on shares of ClubCorp Holdings in a report on Tuesday, June 6th. BidaskClub raised shares of ClubCorp Holdings from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Zacks Investment Research cut shares of ClubCorp Holdings from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Jefferies Group LLC set a $27.00 price objective on shares of ClubCorp Holdings and gave the stock a “buy” rating in a report on Friday, June 2nd. Finally, MKM Partners cut shares of ClubCorp Holdings from a “buy” rating to a “neutral” rating and set a $17.00 price objective on the stock. in a report on Thursday, July 20th.
A number of institutional investors and hedge funds have recently made changes to their positions in MYCC. BNP Paribas Arbitrage SA grew its position in ClubCorp Holdings by 591.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,866 shares of the company’s stock valued at $116,000 after buying an additional 7,584 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in ClubCorp Holdings in the 2nd quarter valued at about $130,000. Stevens Capital Management LP bought a new position in ClubCorp Holdings in the 2nd quarter valued at about $153,000. Airain ltd bought a new position in ClubCorp Holdings in the 1st quarter valued at about $194,000. Finally, Suntrust Banks Inc. bought a new position in ClubCorp Holdings in the 1st quarter valued at about $232,000. Hedge funds and other institutional investors own 96.29% of the company’s stock.
Shares of ClubCorp Holdings (NYSE:MYCC) traded up 0.29% during mid-day trading on Friday, hitting $17.15. 5,147,829 shares of the stock traded hands. The firm’s 50 day moving average price is $17.01 and its 200-day moving average price is $15.25. The stock’s market cap is $1.12 billion. ClubCorp Holdings has a 12-month low of $10.80 and a 12-month high of $17.60.
ClubCorp Holdings (NYSE:MYCC) last released 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). ClubCorp Holdings had a positive return on equity of 9.50% and a negative net margin of 0.04%. The firm had revenue of $276.35 million during the quarter, compared to analyst estimates of $276.51 million. Analysts predict that ClubCorp Holdings will post $0.24 earnings per share for the current year.
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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