Zacks Investment Research Downgrades ClubCorp Holdings, Inc. (MYCC) to Sell
Zacks Investment Research cut shares of ClubCorp Holdings, Inc. (NYSE:MYCC) from a hold rating to a sell rating in a report published on Friday morning.
According to Zacks, “ClubCorp Holdings, Inc. is involved in leisure business. The company owns or operates a golf and country clubs, business clubs, sports clubs and alumni clubs primarily in North America. It operates in two segments: Golf and Country Clubs and Business, Sports and Alumni Clubs. The Golf and Country Clubs segment offers private country clubs, golf clubs which offer private and public golf play, other recreational amenities and public golf facilities. The Business, Sports and Alumni Clubs segment provides business clubs for dining, business or social entertainment for business executives, professionals and entrepreneurs, sports clubs provides fitness and racquet facilities, business/sports clubs and alumni clubs to provide a connection between the university and its alumni and faculty. ClubCorp Holdings, Inc. is based in Dallas, Texas. “
Other research analysts also recently issued research reports about the company. Stifel Nicolaus reiterated a buy rating and issued a $18.00 price objective on shares of ClubCorp Holdings in a report on Tuesday, June 6th. Jefferies Group LLC reiterated a buy rating and issued a $27.00 price objective on shares of ClubCorp Holdings in a report on Wednesday, June 21st. Imperial Capital dropped their price objective on ClubCorp Holdings from $21.00 to $17.00 and set an outperform rating on the stock in a report on Thursday, April 13th. 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. Finally, FBR & Co decreased 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. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. ClubCorp Holdings has a consensus rating of Hold and a consensus target price of $18.33.
Shares of ClubCorp Holdings (NYSE MYCC) opened at 16.95 on Friday. The firm’s market cap is $1.11 billion. The firm has a 50-day moving average price of $15.00 and a 200 day moving average price of $15.16. ClubCorp Holdings has a one year low of $10.80 and a one year high of $17.60.
ClubCorp Holdings (NYSE:MYCC) last released its quarterly earnings data on Thursday, July 20th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by $0.14. ClubCorp Holdings had a negative net margin of 0.04% and a positive return on equity of 9.50%. The business had revenue of $276.35 million during the quarter, compared to analysts’ expectations of $276.51 million. On average, analysts forecast that ClubCorp Holdings will post $0.24 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 28th. Investors 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 dividend on an annualized basis and a dividend yield of 3.07%. ClubCorp Holdings’s dividend payout ratio (DPR) is presently -5,194.81%.
Several hedge funds have recently made changes to their positions in MYCC. Sei Investments Co. boosted its stake in shares of ClubCorp Holdings by 16.1% in the second quarter. Sei Investments Co. now owns 95,274 shares of the company’s stock worth $1,248,000 after buying an additional 13,217 shares during the period. Suffolk Capital Management LLC boosted its stake in shares of ClubCorp Holdings by 59.0% in the second quarter. Suffolk Capital Management LLC now owns 137,579 shares of the company’s stock worth $1,802,000 after buying an additional 51,038 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in shares of ClubCorp Holdings by 5.8% in the second quarter. State of New Jersey Common Pension Fund D now owns 328,897 shares of the company’s stock worth $4,309,000 after buying an additional 17,897 shares during the period. Spark Investment Management LLC boosted its stake in ClubCorp Holdings by 172.2% in the second quarter. Spark Investment Management LLC now owns 283,400 shares of the company’s stock worth $3,712,000 after buying an additional 179,300 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in ClubCorp Holdings by 9.9% in the second quarter. Russell Investments Group Ltd. now owns 1,049,343 shares of the company’s stock worth $13,746,000 after buying an additional 94,523 shares during the last quarter. 96.38% 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.
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