ClubCorp Holdings’ (MYCC) “Buy” Rating Reaffirmed at Stifel Nicolaus
Stifel Nicolaus reaffirmed their buy rating on shares of ClubCorp Holdings Inc. (NYSE:MYCC) in a research report released on Monday. They currently have a $17.00 price target on the stock, down from their prior price target of $18.00.
Other equities analysts have also issued research reports about the company. Imperial Capital increased their target price on ClubCorp Holdings from $12.00 to $14.00 and gave the stock an in-line rating in a research note on Tuesday, July 19th. Bank of America Corp. reissued a buy rating on shares of ClubCorp Holdings in a research note on Sunday, July 17th. Deutsche Bank AG reissued a buy rating on shares of ClubCorp Holdings in a research note on Sunday, July 17th. Jefferies Group set a $27.00 target price on ClubCorp Holdings and gave the stock a buy rating in a research note on Saturday. Finally, FBR & Co set a $17.00 target price on ClubCorp Holdings and gave the stock a buy rating in a research note on Saturday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company’s stock. ClubCorp Holdings has a consensus rating of Buy and an average price target of $19.00.
ClubCorp Holdings (NYSE:MYCC) traded up 1.91% on Monday, reaching $12.25. 35,984 shares of the company’s stock traded hands. ClubCorp Holdings has a 52 week low of $9.75 and a 52 week high of $20.90. The stock’s market capitalization is $803.11 million. The firm has a 50-day moving average price of $14.61 and a 200-day moving average price of $13.66.
ClubCorp Holdings (NYSE:MYCC) last released its quarterly earnings results on Thursday, October 13th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by $0.06. ClubCorp Holdings had a negative return on equity of 0.22% and a negative net margin of 0.74%. The business had revenue of $259.33 million for the quarter, compared to analysts’ expectations of $264.83 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, analysts predict that ClubCorp Holdings will post $0.21 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 17th. Stockholders of record on Monday, October 10th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 4.33%. The ex-dividend date was Wednesday, October 5th. This is a positive change from ClubCorp Holdings’s previous quarterly dividend of $0.12. ClubCorp Holdings’s dividend payout ratio (DPR) is -400.00%.
In other news, EVP Andrew V. Miller sold 2,000 shares of the firm’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $14.94, for a total transaction of $29,880.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.90% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in ClubCorp Holdings by 4.7% in the second quarter. Vanguard Group Inc. now owns 4,585,252 shares of the company’s stock worth $59,609,000 after buying an additional 204,629 shares in the last quarter. JPMorgan Chase & Co. increased its position in ClubCorp Holdings by 33.8% in the first quarter. JPMorgan Chase & Co. now owns 2,891,232 shares of the company’s stock worth $40,593,000 after buying an additional 729,931 shares in the last quarter. Wellington Management Group LLP increased its position in ClubCorp Holdings by 58.5% in the first quarter. Wellington Management Group LLP now owns 2,681,689 shares of the company’s stock worth $37,651,000 after buying an additional 989,468 shares in the last quarter. Capital Research Global Investors increased its position in ClubCorp Holdings by 9.4% in the second quarter. Capital Research Global Investors now owns 2,438,000 shares of the company’s stock worth $31,694,000 after buying an additional 209,000 shares in the last quarter. Finally, Deprince Race & Zollo Inc. purchased a new position in ClubCorp Holdings during the second quarter worth about $27,615,000. Hedge funds and other institutional investors own 97.31% of the company’s stock.
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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