BidaskClub upgraded shares of ClubCorp Holdings, Inc. (NYSE:MYCC) from a sell rating to a hold rating in a research note released on Friday.
MYCC has been the topic of several other research reports. Jefferies Group LLC set a $27.00 price objective on ClubCorp Holdings and gave the stock a buy rating in a research note on Friday, June 2nd. Zacks Investment Research downgraded ClubCorp Holdings from a buy rating to a hold rating in a research note on Friday, June 30th. Stifel Nicolaus downgraded ClubCorp Holdings from a buy rating to a hold rating and dropped their price objective for the stock from $18.00 to $17.00 in a research note on Wednesday, July 26th. MKM Partners cut ClubCorp Holdings from a buy rating to a neutral rating and set a $17.00 target price for the company. in a report on Thursday, July 20th. Finally, FBR & Co lowered their target price on ClubCorp Holdings from $23.00 to $21.00 and set a buy rating for the company in a report on Thursday, April 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $18.33.
Shares of ClubCorp Holdings (NYSE MYCC) traded up 0.147% on Friday, hitting $17.025. The stock had a trading volume of 1,712,627 shares. The firm has a 50 day moving average price of $15.10 and a 200 day moving average price of $15.17. ClubCorp Holdings has a one year low of $10.80 and a one year high of $17.60. The company’s market capitalization is $1.12 billion.
ClubCorp Holdings (NYSE:MYCC) last issued its quarterly earnings data on Thursday, July 20th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.14. The business had revenue of $276.35 million for the quarter, compared to analyst estimates of $276.51 million. ClubCorp Holdings had a positive return on equity of 9.50% and a negative net margin of 0.04%. On average, equities research analysts predict that ClubCorp Holdings will post $0.24 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, July 21st were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend was Wednesday, July 19th. ClubCorp Holdings’s payout ratio is -5,194.81%.
Several institutional investors have recently made changes to their positions in the stock. Algert Global LLC bought a new position in shares of ClubCorp Holdings during the first quarter valued at $1,547,000. First Trust Advisors LP bought a new position in shares of ClubCorp Holdings during the first quarter valued at $372,000. State Board of Administration of Florida Retirement System boosted its position in shares of ClubCorp Holdings by 69.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 21,956 shares of the company’s stock valued at $352,000 after buying an additional 8,993 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of ClubCorp Holdings during the first quarter valued at $181,000. Finally, Monarch Partners Asset Management LLC bought a new position in shares of ClubCorp Holdings during the first quarter valued at $4,302,000. Institutional investors own 95.41% of the company’s stock.
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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