ClubCorp Holdings, Inc. (MYCC) Position Cut by Stoneridge Investment Partners LLC
Stoneridge Investment Partners LLC cut its stake in shares of ClubCorp Holdings, Inc. (NYSE:MYCC) by 36.4% during the second quarter, Holdings Channel reports. The firm owned 11,742 shares of the company’s stock after selling 6,725 shares during the period. Stoneridge Investment Partners LLC’s holdings in ClubCorp Holdings were worth $154,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of ClubCorp Holdings during the fourth quarter valued at about $5,557,000. Teachers Advisors LLC boosted 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 in the last quarter. Fox Run Management L.L.C. bought a new position in ClubCorp Holdings during the first quarter valued at $383,000. Granite Investment Partners LLC bought a new position in ClubCorp Holdings during the first quarter valued at $8,869,000. Finally, Wells Fargo & Company MN boosted its position in ClubCorp Holdings by 14.3% in the first quarter. Wells Fargo & Company MN now owns 323,953 shares of the company’s stock valued at $5,200,000 after buying an additional 40,425 shares in the last quarter. Institutional investors and hedge funds own 95.41% of the company’s stock.
ClubCorp Holdings, Inc. (MYCC) opened at 17.00 on Friday. ClubCorp Holdings, Inc. has a one year low of $10.80 and a one year high of $17.60. The stock’s 50 day moving average is $15.94 and its 200 day moving average is $15.22. The company’s market capitalization is $1.11 billion.
ClubCorp Holdings (NYSE:MYCC) last posted its 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 company had revenue of $276.35 million during the quarter, compared to analysts’ expectations of $276.51 million. On average, analysts anticipate that ClubCorp Holdings, Inc. will post $0.24 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, July 21st were given a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, July 19th. This represents a $0.52 annualized dividend and a dividend yield of 3.06%. ClubCorp Holdings’s dividend payout ratio is -5,194.81%.
Several research firms have weighed in on MYCC. BidaskClub raised shares of ClubCorp Holdings from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Zacks Investment Research cut shares of ClubCorp Holdings from a “hold” rating to a “sell” rating in a report on Friday, July 28th. MKM Partners cut shares of ClubCorp Holdings from a “buy” rating to a “neutral” rating and set a $17.00 price target on the stock. in a report on Thursday, July 20th. Stifel Nicolaus cut shares of ClubCorp Holdings from a “buy” rating to a “hold” rating and lowered their price target for the company from $18.00 to $17.00 in a report on Wednesday, July 26th. Finally, Jefferies Group LLC set a $27.00 price target on shares of ClubCorp Holdings and gave the company a “buy” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $18.33.
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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