ClubCorp Holdings, Inc. (NYSE:MYCC) Stake Raised by Ranger Global Real Estate Advisors LLC

Ranger Global Real Estate Advisors LLC boosted its stake in ClubCorp Holdings, Inc. (NYSE:MYCC) by 49.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,077,767 shares of the company’s stock after buying an additional 357,521 shares during the period. ClubCorp Holdings comprises 5.2% of Ranger Global Real Estate Advisors LLC’s investment portfolio, making the stock its 4th largest position. Ranger Global Real Estate Advisors LLC’s holdings in ClubCorp Holdings were worth $14,119,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MYCC. Legal & General Group Plc raised its position in ClubCorp Holdings by 11.7% in the first quarter. Legal & General Group Plc now owns 23,784 shares of the company’s stock valued at $380,000 after buying an additional 2,484 shares during the period. American International Group Inc. raised its position in ClubCorp Holdings by 7.1% in the first quarter. American International Group Inc. now owns 39,631 shares of the company’s stock valued at $636,000 after buying an additional 2,612 shares during the period. Swiss National Bank raised its position in ClubCorp Holdings by 2.7% in the first quarter. Swiss National Bank now owns 107,894 shares of the company’s stock valued at $1,732,000 after buying an additional 2,800 shares during the period. Envestnet Asset Management Inc. raised its position in ClubCorp Holdings by 63.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 15,683 shares of the company’s stock valued at $225,000 after buying an additional 6,066 shares during the period. Finally, United Capital Financial Advisers LLC raised its position in ClubCorp Holdings by 55.4% in the first quarter. United Capital Financial Advisers LLC now owns 24,348 shares of the company’s stock valued at $391,000 after buying an additional 8,676 shares during the period. Hedge funds and other institutional investors own 94.69% of the company’s stock.

Shares of ClubCorp Holdings, Inc. (NYSE MYCC) traded up 0.29% on Friday, reaching $17.00. 331,064 shares of the company’s stock were exchanged. The firm has a market capitalization of $1.12 billion, a P/E ratio of 283.33 and a beta of 1.12. The firm has a 50 day moving average of $14.30 and a 200 day moving average of $15.07. ClubCorp Holdings, Inc. has a one year low of $10.80 and a one year 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 analysts’ consensus estimates of $0.15 by $0.14. ClubCorp Holdings had a return on equity of 8.96% and a net margin of 0.41%. The company had revenue of $276.35 million for the quarter, compared to analyst estimates of $276.51 million. On average, equities research analysts predict that ClubCorp Holdings, Inc. will post $0.38 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, July 21st will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, July 19th. This represents a $0.52 dividend on an annualized basis and a yield of 3.07%. ClubCorp Holdings’s payout ratio is currently 866.81%.

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Several research firms recently commented on MYCC. Stifel Nicolaus reiterated a “buy” rating and set a $18.00 price objective on shares of ClubCorp Holdings in a research note on Tuesday, June 6th. MKM Partners lowered shares of ClubCorp Holdings from a “buy” rating to a “neutral” rating in a research note on Thursday. 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 research note on Thursday, June 29th. Imperial Capital cut their price target on shares of 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, Jefferies Group LLC restated a “buy” rating and set a $27.00 price target on shares of ClubCorp Holdings in a research note on Wednesday, June 21st. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. ClubCorp Holdings presently has a consensus rating of “Buy” and a consensus target price of $19.00.

ClubCorp Holdings Company Profile

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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