ClubCorp Holdings Inc. (MYCC) Announces Quarterly Earnings Results, Misses Estimates By $0.06 EPS
ClubCorp Holdings Inc. (NYSE:MYCC) posted its earnings results on Thursday. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.08 by $0.06. ClubCorp Holdings had a negative net margin of 0.74% and a negative return on equity of 1.25%.
Shares of ClubCorp Holdings (NYSE:MYCC) opened at 14.03 on Thursday. The firm’s market cap is $919.81 million. ClubCorp Holdings has a 12 month low of $9.75 and a 12 month high of $22.19. The company has a 50-day moving average of $14.81 and a 200-day moving average of $13.70.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 10th will be given a $0.13 dividend. The ex-dividend date is Wednesday, October 5th. This represents a $0.52 dividend on an annualized basis and a yield of 3.71%. This is an increase from ClubCorp Holdings’s previous quarterly dividend of $0.12. ClubCorp Holdings’s dividend payout ratio (DPR) is presently -399.97%.
Several equities analysts recently commented on MYCC shares. Jefferies Group reissued a “buy” rating and issued a $27.00 target price on shares of ClubCorp Holdings in a report on Thursday, June 23rd. MKM Partners reissued a “buy” rating and issued a $24.00 target price on shares of ClubCorp Holdings in a report on Monday, July 11th. Wells Fargo & Co. reissued a “buy” rating on shares of ClubCorp Holdings in a report on Tuesday, July 19th. Deutsche Bank AG reissued a “buy” rating on shares of ClubCorp Holdings in a report on Sunday, July 17th. Finally, Bank of America Corp. reissued a “buy” rating on shares of ClubCorp Holdings in a report on Sunday, July 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $19.78.
In related news, EVP Andrew V. Miller sold 2,000 shares of ClubCorp Holdings stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $14.94, for a total transaction of $29,880.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.90% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. US Bancorp DE increased its stake in ClubCorp Holdings by 15.8% in the second quarter. US Bancorp DE now owns 7,972 shares of the company’s stock valued at $104,000 after buying an additional 1,089 shares during the last quarter. Principal Financial Group Inc. bought a new stake in ClubCorp Holdings during the second quarter valued at $150,000. American International Group Inc. increased its stake in ClubCorp Holdings by 44.0% in the second quarter. American International Group Inc. now owns 37,059 shares of the company’s stock valued at $482,000 after buying an additional 11,320 shares during the last quarter. Thrivent Financial for Lutherans bought a new stake in ClubCorp Holdings during the second quarter valued at $674,000. Finally, Engineers Gate Manager LP bought a new stake in ClubCorp Holdings during the second quarter valued at $708,000. 97.27% of the stock is owned by institutional investors.
About ClubCorp Holdings
ClubCorp Holdings, Inc is a membership-based leisure company. The Company is the owner-operator of private golf and country clubs, and business, sports and alumni clubs in North America. The Company’s segments include Golf and Country Clubs; Business, Sports and Alumni Clubs, and Other. The Company’s Golf and country club operations consist of private country clubs, golf clubs and public golf facilities.
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