Hodges Capital Management Inc. Has $19.45 Million Position in ClubCorp Holdings, Inc. (MYCC)
Hodges Capital Management Inc. cut its stake in shares of ClubCorp Holdings, Inc. (NYSE:MYCC) by 22.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,484,332 shares of the company’s stock after selling 440,220 shares during the period. ClubCorp Holdings comprises approximately 1.2% of Hodges Capital Management Inc.’s investment portfolio, making the stock its 28th largest position. Hodges Capital Management Inc.’s holdings in ClubCorp Holdings were worth $19,445,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of the stock. Princeton Alpha Management LP bought a new position in ClubCorp Holdings during the first quarter worth $175,000. Advisory Services Network LLC bought a new position in ClubCorp Holdings during the first quarter worth $181,000. Airain ltd bought a new position in ClubCorp Holdings during the first quarter worth $194,000. Suntrust Banks Inc. bought a new position in ClubCorp Holdings during the first quarter worth $232,000. Finally, Jane Street Group LLC bought a new position in ClubCorp Holdings during the first quarter worth $284,000. Hedge funds and other institutional investors own 95.41% of the company’s stock.
Shares of ClubCorp Holdings, Inc. (NYSE:MYCC) opened at 17.00 on Monday. The stock’s market cap is $1.11 billion. The stock’s 50 day moving average is $15.10 and its 200-day moving average is $15.17. ClubCorp Holdings, Inc. 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 results on Thursday, July 20th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.14. The firm 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%. Equities analysts anticipate that ClubCorp Holdings, Inc. will post $0.24 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, July 21st were paid a dividend of $0.13 per share. 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 dividend payout ratio (DPR) is presently -5,194.81%.
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A number of equities analysts have weighed in on the stock. BidaskClub upgraded shares of ClubCorp Holdings from a “sell” rating to a “hold” rating in a research report on Friday. Zacks Investment Research cut shares of ClubCorp Holdings from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Stifel Nicolaus cut shares of ClubCorp Holdings from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $18.00 to $17.00 in a research report on Wednesday, July 26th. MKM Partners cut shares of ClubCorp Holdings from a “buy” rating to a “neutral” rating and set a $17.00 price objective for the company. in a research report on Thursday, July 20th. Finally, Jefferies Group LLC restated a “buy” rating and set a $27.00 price objective on shares of ClubCorp Holdings in a research report on Wednesday, June 21st. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $18.33.
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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