81,286 Shares in ClubCorp Holdings, Inc. (MYCC) Acquired by BlueCrest Capital Management Ltd
BlueCrest Capital Management Ltd purchased a new position in ClubCorp Holdings, Inc. (NYSE:MYCC) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 81,286 shares of the company’s stock, valued at approximately $1,065,000. BlueCrest Capital Management Ltd owned 0.12% of ClubCorp Holdings at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of MYCC. BNP Paribas Arbitrage SA boosted its stake in ClubCorp Holdings by 591.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,866 shares of the company’s stock worth $116,000 after purchasing an additional 7,584 shares during the period. Stevens Capital Management LP bought a new position in ClubCorp Holdings in the 2nd quarter worth approximately $153,000. Quantbot Technologies LP boosted its stake in ClubCorp Holdings by 300.4% in the 2nd quarter. Quantbot Technologies LP now owns 20,194 shares of the company’s stock worth $264,000 after purchasing an additional 15,150 shares during the period. Pacad Investment Ltd. bought a new position in ClubCorp Holdings in the 2nd quarter worth approximately $267,000. Finally, MARSHALL WACE ASIA Ltd bought a new position in ClubCorp Holdings in the 2nd quarter worth approximately $268,000. Institutional investors and hedge funds own 96.31% of the company’s stock.
Several research analysts have weighed in on MYCC shares. 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. BidaskClub upgraded ClubCorp Holdings from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Stifel Nicolaus downgraded ClubCorp Holdings from a “buy” rating to a “hold” rating and lowered their target price for the company from $18.00 to $17.00 in a research report on Wednesday, July 26th. MKM Partners downgraded ClubCorp Holdings from a “buy” rating to a “neutral” rating and set a $17.00 target price for the company. in a research report on Thursday, July 20th. Finally, Zacks Investment Research downgraded ClubCorp Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $19.50.
ClubCorp Holdings, Inc. (NYSE:MYCC) opened at 17.10 on Friday. The stock’s 50 day moving average price is $17.02 and its 200-day moving average price is $15.23. ClubCorp Holdings, Inc. has a 52-week low of $10.80 and a 52-week high of $17.60. The company’s market capitalization is $1.12 billion.
ClubCorp Holdings (NYSE:MYCC) last issued its quarterly earnings results on Thursday, July 20th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $276.35 million for the quarter, compared to analysts’ expectations of $276.51 million. Analysts predict that ClubCorp Holdings, Inc. will post $0.30 earnings per share for the current fiscal year.
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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