Trading Report: The ClubCorp Holdings Inc. (MYCC) Receives Consensus Rating of “Buy” from Analysts

The ClubCorp Holdings Inc. (MYCC) Receives Consensus Rating of “Buy” from Analysts

ClubCorp Holdings Inc. (NYSE:MYCC) has earned a consensus recommendation of “Buy” from the fifteen ratings firms that are presently covering the firm. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $18.60.

Several equities research analysts recently weighed in on MYCC shares. Jefferies Group restated a “buy” rating and issued a $27.00 target price on shares of ClubCorp Holdings in a report on Thursday, June 23rd. FBR & Co started coverage on ClubCorp Holdings in a report on Thursday, June 30th. They issued an “outperform” rating and a $17.00 target price for the company. MKM Partners restated a “buy” rating and issued a $24.00 target price on shares of ClubCorp Holdings in a report on Monday, July 11th. Macquarie upgraded ClubCorp Holdings from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 12th. Finally, TheStreet upgraded ClubCorp Holdings from a “sell” rating to a “hold” rating in a report on Thursday, July 14th.

In other ClubCorp Holdings news, EVP Andrew V. Miller sold 2,000 shares of the company’s stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $14.94, for a total value of $29,880.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.90% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in MYCC. Deprince Race & Zollo Inc. bought a new stake in shares of ClubCorp Holdings during the second quarter worth $27,615,000. Wellington Management Group LLP boosted its stake in shares of ClubCorp Holdings by 58.5% in the first quarter. Wellington Management Group LLP now owns 2,681,689 shares of the company’s stock worth $37,651,000 after buying an additional 989,468 shares during the period. Bayesian Capital Management LP bought a new stake in shares of ClubCorp Holdings during the first quarter worth $208,000. Kennedy Capital Management Inc. boosted its stake in shares of ClubCorp Holdings by 116.1% in the first quarter. Kennedy Capital Management Inc. now owns 147,847 shares of the company’s stock worth $2,076,000 after buying an additional 79,440 shares during the period. Finally, BlackRock Group LTD boosted its stake in shares of ClubCorp Holdings by 11.1% in the first quarter. BlackRock Group LTD now owns 279,573 shares of the company’s stock worth $3,925,000 after buying an additional 27,821 shares during the period. Hedge funds and other institutional investors own 97.27% of the company’s stock.

ClubCorp Holdings (NYSE:MYCC) traded down 0.07% during trading on Wednesday, reaching $13.97. 117,349 shares of the company’s stock were exchanged. The company’s market capitalization is $915.87 million. ClubCorp Holdings has a 52-week low of $9.75 and a 52-week high of $22.44. The stock’s 50-day moving average price is $14.84 and its 200-day moving average price is $13.70.

ClubCorp Holdings (NYSE:MYCC) last posted its earnings results on Thursday, July 14th. The company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by $0.04. ClubCorp Holdings had a negative return on equity of 1.25% and a negative net margin of 0.74%. The company earned $269 million during the quarter. ClubCorp Holdings’s revenue for the quarter was up 2.0% compared to the same quarter last year. Equities analysts expect that ClubCorp Holdings will post $0.21 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 10th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.72%. This is a boost from ClubCorp Holdings’s previous quarterly dividend of $0.12. The ex-dividend date is Wednesday, October 5th. ClubCorp Holdings’s dividend payout ratio is -399.97%.

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