ClubCorp Holdings, Inc. (MYCC) Short Interest Up 151.6% in September

ClubCorp Holdings, Inc. (NYSE:MYCC) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 4,397,222 shares, a growth of 151.6% from the August 31st total of 1,747,659 shares. Based on an average trading volume of 2,236,997 shares, the short-interest ratio is presently 2.0 days.

A number of research analysts have recently weighed in on MYCC shares. Jefferies Group LLC reissued a “buy” rating and set a $27.00 target price on shares of ClubCorp Holdings in a research report on Wednesday, June 21st. MKM Partners downgraded shares of ClubCorp Holdings from a “buy” rating to a “neutral” rating and set a $17.00 target price for the company. in a research report on Thursday, July 20th. Stifel Nicolaus downgraded shares of ClubCorp Holdings from a “buy” rating to a “hold” rating and reduced their target price for the company from $18.00 to $17.00 in a research report on Wednesday, July 26th. Zacks Investment Research downgraded shares of ClubCorp Holdings from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, BidaskClub downgraded shares of ClubCorp Holdings from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.50.

A number of hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its holdings in ClubCorp Holdings by 0.5% during the second quarter. The Manufacturers Life Insurance Company now owns 50,898 shares of the company’s stock valued at $667,000 after buying an additional 241 shares during the last quarter. Legal & General Group Plc increased its holdings in ClubCorp Holdings by 2.1% during the second quarter. Legal & General Group Plc now owns 24,285 shares of the company’s stock valued at $319,000 after buying an additional 501 shares during the last quarter. Thrivent Financial For Lutherans increased its holdings in ClubCorp Holdings by 2.1% during the second quarter. Thrivent Financial For Lutherans now owns 52,870 shares of the company’s stock valued at $693,000 after buying an additional 1,070 shares during the last quarter. Rhumbline Advisers increased its holdings in ClubCorp Holdings by 2.6% during the second quarter. Rhumbline Advisers now owns 73,252 shares of the company’s stock valued at $960,000 after buying an additional 1,831 shares during the last quarter. Finally, American International Group Inc. increased its holdings in ClubCorp Holdings by 7.1% during 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 last quarter. 96.31% of the stock is owned by institutional investors and hedge funds.

ClubCorp Holdings (MYCC) opened at 17.10 on Friday. The company has a 50-day moving average of $17.02 and a 200 day moving average of $15.23. ClubCorp Holdings has a 12-month low of $10.80 and a 12-month high of $17.60. The company’s market capitalization is $1.12 billion.

ClubCorp Holdings (NYSE:MYCC) last announced its earnings results on Thursday, July 20th. The company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.14). ClubCorp Holdings had a negative net margin of 0.04% and a positive return on equity of 9.50%. The business had revenue of $276.35 million for the quarter, compared to analysts’ expectations of $276.51 million. Equities research analysts forecast that ClubCorp Holdings will post $0.30 earnings per share for the current fiscal year.

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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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