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.

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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.

Analyst Recommendations for ClubCorp Holdings (NYSE:MYCC)

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