Russell Investments Group Ltd. Raises Stake in ClubCorp Holdings, Inc. (MYCC)
Russell Investments Group Ltd. raised its stake in ClubCorp Holdings, Inc. (NYSE:MYCC) by 9.9% during the second quarter, Holdings Channel reports. The fund owned 1,049,343 shares of the company’s stock after buying an additional 94,523 shares during the period. Russell Investments Group Ltd.’s holdings in ClubCorp Holdings were worth $13,746,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC increased its position in ClubCorp Holdings by 219.9% in the fourth quarter. Renaissance Technologies LLC now owns 204,448 shares of the company’s stock valued at $2,934,000 after buying an additional 140,548 shares during the last quarter. Norges Bank acquired a new position in ClubCorp Holdings during the fourth quarter valued at $5,557,000. Teachers Advisors LLC increased its position in ClubCorp Holdings by 37.6% in the fourth quarter. Teachers Advisors LLC now owns 157,271 shares of the company’s stock valued at $2,257,000 after buying an additional 42,996 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in ClubCorp Holdings during the first quarter valued at $383,000. Finally, Granite Investment Partners LLC acquired a new position in ClubCorp Holdings during the first quarter valued at $8,869,000. Hedge funds and other institutional investors own 95.41% of the company’s stock.
Shares of ClubCorp Holdings, Inc. (NYSE MYCC) traded down 0.147% during mid-day trading on Friday, hitting $17.025. 385,783 shares of the stock traded hands. The company’s market capitalization is $1.12 billion. ClubCorp Holdings, Inc. has a 1-year low of $10.80 and a 1-year high of $17.60. The company’s 50-day moving average price is $15.84 and its 200 day moving average price is $15.22.
ClubCorp Holdings (NYSE:MYCC) last issued its 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. ClubCorp Holdings had a positive return on equity of 9.50% and a negative net margin of 0.04%. The business had revenue of $276.35 million during the quarter, compared to analysts’ expectations of $276.51 million. Equities research analysts forecast that ClubCorp Holdings, Inc. will post $0.24 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, July 21st were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date was Wednesday, July 19th. ClubCorp Holdings’s dividend payout ratio (DPR) is -5,194.81%.
MYCC has been the subject of several analyst reports. Imperial Capital lowered their target price on shares of ClubCorp Holdings from $21.00 to $17.00 and set an “outperform” rating for the company in a report on Thursday, April 13th. FBR & Co lowered their target price on shares of ClubCorp Holdings from $23.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, April 13th. Stifel Nicolaus lowered their target price on shares of ClubCorp Holdings from $20.00 to $18.00 and set a “buy” rating for the company in a report on Monday, April 17th. Jefferies Group LLC set a $27.00 target price on shares of ClubCorp Holdings and gave the company a “buy” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research upgraded shares of ClubCorp Holdings from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Thursday, June 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $18.33.
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.
Want to see what other hedge funds are holding MYCC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ClubCorp Holdings, Inc. (NYSE:MYCC).
Receive News & Ratings for ClubCorp Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ClubCorp Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.