ClubCorp Holdings Inc. (NYSE:MYCC) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Friday.
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 equities analysts also recently issued reports about the stock. Imperial Capital raised their price objective on shares of ClubCorp Holdings from $12.00 to $14.00 and gave the stock an “in-line” rating in a report on Tuesday, July 19th. Bank of America Corp. reaffirmed a “buy” rating on shares of ClubCorp Holdings in a report on Sunday, July 17th. Deutsche Bank AG reaffirmed a “buy” rating on shares of ClubCorp Holdings in a report on Sunday, July 17th. FBR & Co reiterated a “buy” rating and set a $17.00 target price on shares of ClubCorp Holdings in a research report on Friday, September 16th. Finally, Macquarie upgraded shares of ClubCorp Holdings from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $19.00.
Shares of ClubCorp Holdings (NYSE:MYCC) opened at 12.02 on Friday. The firm’s market capitalization is $788.03 million. The company’s 50-day moving average is $14.61 and its 200 day moving average is $13.66. ClubCorp Holdings has a 1-year low of $9.75 and a 1-year high of $20.90.
ClubCorp Holdings (NYSE:MYCC) last released its quarterly earnings data on Thursday, October 13th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by $0.06. The business had revenue of $259.33 million for the quarter, compared to the consensus estimate of $264.83 million. ClubCorp Holdings had a negative return on equity of 0.22% and a negative net margin of 0.74%. ClubCorp Holdings’s revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.02 earnings per share. On average, analysts expect that ClubCorp Holdings will post $0.21 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 17th. Shareholders of record on Monday, October 10th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 4.33%. The ex-dividend date was Wednesday, October 5th. This is a boost from ClubCorp Holdings’s previous quarterly dividend of $0.12. ClubCorp Holdings’s dividend payout ratio (DPR) is presently -400.00%.
In other ClubCorp Holdings news, EVP Andrew V. Miller sold 2,000 shares of the firm’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $14.94, for a total value of $29,880.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.90% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of the company. Fox Run Management L.L.C. acquired a new stake in shares of ClubCorp Holdings during the third quarter valued at approximately $175,000. Schwab Charles Investment Management Inc. boosted its stake in shares of ClubCorp Holdings by 39.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 259,578 shares of the company’s stock valued at $3,375,000 after buying an additional 73,516 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of ClubCorp Holdings by 5.0% in the second quarter. Legal & General Group Plc now owns 14,602 shares of the company’s stock valued at $186,000 after buying an additional 689 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of ClubCorp Holdings by 52.4% in the second quarter. Metropolitan Life Insurance Co. NY now owns 47,424 shares of the company’s stock valued at $617,000 after buying an additional 16,302 shares in the last quarter. Finally, Highbridge Capital Management LLC acquired a new stake in shares of ClubCorp Holdings during the second quarter valued at approximately $1,668,000. Institutional investors own 97.31% of the company’s stock.
ClubCorp Holdings Company Profile
ClubCorp Holdings, Inc is a membership-based leisure company. The Company is the owner-operator of private golf and country clubs, and business, sports and alumni clubs in North America. The Company’s segments include Golf and Country Clubs; Business, Sports and Alumni Clubs, and Other. The Company’s Golf and country club operations consist of private country clubs, golf clubs and public golf facilities.