ClubCorp Holdings, Inc. (NYSE:MYCC) Downgraded by Stifel Nicolaus to “Hold”
Stifel Nicolaus lowered shares of ClubCorp Holdings, Inc. (NYSE:MYCC) from a buy rating to a hold rating in a research report released on Wednesday. The firm currently has $17.00 price objective on the stock, down from their prior price objective of $18.00.
Several other research firms have also recently commented on MYCC. MKM Partners cut 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. FBR & Co reduced their target price on ClubCorp Holdings from $23.00 to $21.00 and set a buy rating for the company in a research report on Thursday, April 13th. Imperial Capital reduced their target price on ClubCorp Holdings from $21.00 to $17.00 and set an outperform rating for the company in a research report on Thursday, April 13th. Zacks Investment Research upgraded ClubCorp Holdings from a hold rating to a buy rating and set a $15.00 target price for the company in a research report on Thursday, June 29th. Finally, Jefferies Group LLC set a $27.00 target price on ClubCorp Holdings and gave the stock a buy rating in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. ClubCorp Holdings presently has an average rating of Hold and an average price target of $18.33.
Shares of ClubCorp Holdings (MYCC) opened at 16.95 on Wednesday. ClubCorp Holdings has a 12 month low of $10.80 and a 12 month high of $17.60. The company’s market capitalization is $1.11 billion. The company’s 50 day moving average price is $14.91 and its 200 day moving average price is $15.17.
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 business had revenue of $276.35 million for the quarter, compared to analysts’ expectations of $276.51 million. Analysts expect that ClubCorp Holdings will post $0.24 EPS for the current fiscal year.
TRADEMARK VIOLATION NOTICE: “ClubCorp Holdings, Inc. (NYSE:MYCC) Downgraded by Stifel Nicolaus to “Hold”” was posted by Watch List News and is the property of of Watch List News. If you are reading this report on another site, it was stolen and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.watchlistnews.com/clubcorp-holdings-inc-nysemycc-downgraded-by-stifel-nicolaus-to-hold/1462766.html.
The company also recently declared a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, July 21st were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.07%. The ex-dividend date was Wednesday, July 19th. ClubCorp Holdings’s dividend payout ratio (DPR) is currently -5,194.81%.
A number of large investors have recently modified their holdings of the company. Swiss National Bank raised its stake in shares of ClubCorp Holdings by 2.7% in the first quarter. Swiss National Bank now owns 107,894 shares of the company’s stock valued at $1,732,000 after buying an additional 2,800 shares during the period. KCG Holdings Inc. purchased a new stake in shares of ClubCorp Holdings during the first quarter valued at about $572,000. Dimensional Fund Advisors LP raised its stake in shares of ClubCorp Holdings by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,598,251 shares of the company’s stock valued at $22,935,000 after buying an additional 36,414 shares during the period. State Street Corp raised its stake in shares of ClubCorp Holdings by 6.4% in the fourth quarter. State Street Corp now owns 1,119,155 shares of the company’s stock valued at $16,058,000 after buying an additional 67,684 shares during the period. Finally, Teachers Advisors LLC raised its stake in shares of 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 during the period. 95.72% of the stock is owned by hedge funds and other institutional investors.
About ClubCorp Holdings
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.
Receive News & 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 companies with Analyst Ratings Network's FREE daily email newsletter.