ClubCorp Holdings, Inc. (NYSE:MYCC) Lifted to Hold at BidaskClub
BidaskClub upgraded shares of ClubCorp Holdings, Inc. (NYSE:MYCC) from a sell rating to a hold rating in a report released on Friday.
Several other analysts also recently weighed in on the company. Zacks Investment Research downgraded ClubCorp Holdings from a hold rating to a sell rating in a research note on Friday, July 28th. Stifel Nicolaus downgraded ClubCorp Holdings from a buy rating to a hold rating and cut their target price for the company from $18.00 to $17.00 in a research note on Wednesday, July 26th. MKM Partners downgraded ClubCorp Holdings from a buy rating to a neutral rating and set a $17.00 target price on the stock. in a research note on Thursday, July 20th. Jefferies Group LLC reaffirmed a buy rating and set a $27.00 target price on shares of ClubCorp Holdings in a research note on Wednesday, June 21st. Finally, FBR & Co cut their target price on ClubCorp Holdings from $23.00 to $21.00 and set a buy rating on the stock in a research note on Thursday, April 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. ClubCorp Holdings currently has an average rating of Hold and an average price target of $18.33.
ClubCorp Holdings (NYSE MYCC) traded up 0.147% on Friday, reaching $17.025. The company’s stock had a trading volume of 1,712,627 shares. The firm’s market capitalization is $1.12 billion. 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 52-week low of $10.80 and a 52-week high of $17.60.
ClubCorp Holdings (NYSE:MYCC) last announced its earnings results on Thursday, July 20th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.15 by $0.14. The business had revenue of $276.35 million for the quarter, compared to the consensus estimate of $276.51 million. ClubCorp Holdings had a negative net margin of 0.04% and a positive return on equity of 9.50%. Equities analysts anticipate that ClubCorp Holdings will post $0.24 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, July 21st were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend was Wednesday, July 19th. ClubCorp Holdings’s dividend payout ratio is presently -5,194.81%.
Several large investors have recently made changes to their positions in the company. State Street Corp raised its stake in shares of ClubCorp Holdings by 6.4% in the fourth quarter. State Street Corp now owns 1,119,155 shares of the company’s stock worth $16,058,000 after buying an additional 67,684 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of ClubCorp Holdings by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,598,251 shares of the company’s stock worth $22,935,000 after buying an additional 36,414 shares during the period. Renaissance Technologies LLC raised its stake in shares of ClubCorp Holdings by 219.9% in the fourth quarter. Renaissance Technologies LLC now owns 204,448 shares of the company’s stock worth $2,934,000 after buying an additional 140,548 shares during the period. Norges Bank bought a new stake in shares of ClubCorp Holdings during the fourth quarter worth about $5,557,000. Finally, Teachers Advisors LLC raised its stake in shares of ClubCorp Holdings by 37.6% in the fourth quarter. Teachers Advisors LLC now owns 157,271 shares of the company’s stock worth $2,257,000 after buying an additional 42,996 shares during the period. 95.41% of the stock is currently owned by 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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