ClubCorp Holdings Inc. (MYCC) Receives $18.60 Average Price Target from Analysts
ClubCorp Holdings Inc. (NYSE:MYCC) has been given an average rating of “Buy” by the fifteen analysts that are currently covering the stock. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $18.60.
Several brokerages have recently issued reports on MYCC. Goldman Sachs Group Inc. began coverage on ClubCorp Holdings in a report on Monday, September 26th. They issued a “neutral” rating and a $16.00 price objective for the company. Imperial Capital upgraded ClubCorp Holdings from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $14.00 to $21.00 in a research note on Friday, September 16th. FBR & Co restated a “buy” rating and issued a $17.00 price target on shares of ClubCorp Holdings in a research note on Friday, September 16th. Zacks Investment Research lowered ClubCorp Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. Finally, Wells Fargo & Co. restated a “buy” rating on shares of ClubCorp Holdings in a research note on Tuesday, July 19th.
ClubCorp Holdings (NYSE:MYCC) last issued its quarterly earnings data on Thursday, October 13th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by $0.06. The company earned $259.33 million during the quarter, compared to analyst estimates of $264.83 million. ClubCorp Holdings had a negative net margin of 0.74% and a negative return on equity of 1.25%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the firm earned $0.02 EPS.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 10th will be paid a dividend of $0.13 per share. This is a positive change from ClubCorp Holdings’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 4.38%. The ex-dividend date of this dividend is Wednesday, October 5th. ClubCorp Holdings’s payout ratio is -399.97%.
In other ClubCorp Holdings news, EVP Andrew V. Miller sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $14.94, for a total transaction of $29,880.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.90% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. US Bancorp DE boosted its position in shares of 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 in the last quarter. Teacher Retirement System of Texas boosted its position in shares of ClubCorp Holdings by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 9,033 shares of the company’s stock valued at $117,000 after buying an additional 1,096 shares in the last quarter. Principal Financial Group Inc. bought a new position in shares of ClubCorp Holdings during the second quarter valued at $150,000. First New York Securities LLC NY bought a new position in shares of ClubCorp Holdings during the second quarter valued at $155,000. Finally, State Board of Administration of Florida Retirement System boosted its position in shares of ClubCorp Holdings by 8.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 12,223 shares of the company’s stock valued at $159,000 after buying an additional 973 shares in the last quarter. Institutional investors and hedge funds own 97.27% of the company’s stock.
ClubCorp Holdings Company Profile
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.
Receive News & Stock 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 stocks with our FREE daily email newsletter.