ClubCorp Holdings, Inc. (MYCC) Shares Bought by Algert Global LLC
Algert Global LLC boosted its position in shares of ClubCorp Holdings, Inc. (NYSE:MYCC) by 76.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 169,610 shares of the company’s stock after buying an additional 73,223 shares during the period. Algert Global LLC owned about 0.26% of ClubCorp Holdings worth $2,222,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Ranger Global Real Estate Advisors LLC acquired a new position in ClubCorp Holdings during the first quarter valued at approximately $11,344,000. Kennedy Capital Management Inc. increased its position in ClubCorp Holdings by 77.2% in the first quarter. Kennedy Capital Management Inc. now owns 1,448,222 shares of the company’s stock valued at $23,244,000 after buying an additional 630,849 shares during the period. Granite Investment Partners LLC acquired a new position in ClubCorp Holdings during the first quarter valued at approximately $8,869,000. Chescapmanager LLC increased its position in ClubCorp Holdings by 92.7% in the first quarter. Chescapmanager LLC now owns 854,112 shares of the company’s stock valued at $13,708,000 after buying an additional 410,913 shares during the period. Finally, Norges Bank acquired a new position in ClubCorp Holdings during the fourth quarter valued at approximately $5,557,000. 95.41% of the stock is currently owned by institutional investors.
ClubCorp Holdings, Inc. (NYSE:MYCC) opened at 17.05 on Tuesday. The firm’s market cap is $1.12 billion. ClubCorp Holdings, Inc. has a 52 week low of $10.80 and a 52 week high of $17.60. The company’s 50 day moving average is $15.10 and its 200-day moving average is $15.17.
ClubCorp Holdings (NYSE:MYCC) last released its quarterly earnings results on Thursday, July 20th. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ 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 negative net margin of 0.04% and a positive return on equity of 9.50%. Equities analysts expect that ClubCorp Holdings, Inc. will post $0.24 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 21st were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend was Wednesday, July 19th. ClubCorp Holdings’s payout ratio is -5,194.81%.
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MYCC has been the subject of several research reports. Zacks Investment Research upgraded shares of ClubCorp Holdings from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Thursday, June 29th. Jefferies Group LLC restated a “buy” rating and issued a $27.00 price target on shares of ClubCorp Holdings in a research note on Wednesday, June 21st. Stifel Nicolaus restated a “buy” rating and issued a $18.00 price target on shares of ClubCorp Holdings in a research note on Tuesday, June 6th. FBR & Co dropped their price target on shares of ClubCorp Holdings from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, April 13th. Finally, BidaskClub upgraded shares of ClubCorp Holdings from a “sell” rating to a “hold” rating in a research note on Friday. One 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 stock. ClubCorp Holdings has an average rating of “Hold” and an average target price 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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