MKM Partners cut shares of ClubCorp Holdings, Inc. (NYSE:MYCC) from a buy rating to a neutral rating in a research note released on Thursday, July 20th, Marketbeat Ratings reports. The brokerage currently has $17.00 target price on the stock.
MYCC has been the subject of several other research reports. Jefferies Group LLC reiterated a buy rating and issued a $27.00 target price on shares of ClubCorp Holdings in a research note on Wednesday, June 21st. Zacks Investment Research downgraded shares of ClubCorp Holdings from a buy rating to a hold rating in a research note on Friday, June 30th. FBR & Co cut their price objective on shares of 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 cut their price objective on shares of ClubCorp Holdings from $21.00 to $17.00 and set an outperform rating for the company in a research report on Thursday, April 13th. Finally, Stifel Nicolaus cut their price objective on shares of ClubCorp Holdings from $20.00 to $18.00 and set a buy rating for the company in a research report on Monday, April 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $18.33.
ClubCorp Holdings (MYCC) traded up 0.29% on Thursday, reaching $17.05. 547,793 shares of the company traded hands. ClubCorp Holdings has a 52-week low of $10.80 and a 52-week high of $17.60. The firm’s market cap is $1.12 billion. The stock has a 50-day moving average price of $16.14 and a 200-day moving average price of $15.21.
ClubCorp Holdings (NYSE:MYCC) last posted its earnings results on Thursday, July 20th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.15 by $0.14. The business had revenue of $276.35 million during the quarter, compared to analysts’ expectations of $276.51 million. ClubCorp Holdings had a positive return on equity of 9.50% and a negative net margin of 0.04%. Analysts anticipate that ClubCorp Holdings will post $0.24 earnings per share for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, July 21st were issued 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 3.05%. ClubCorp Holdings’s payout ratio is -5,194.81%.
Several large investors have recently made changes to their positions in MYCC. BNP Paribas Arbitrage SA raised its stake in shares of ClubCorp Holdings by 591.6% in the second quarter. BNP Paribas Arbitrage SA now owns 8,866 shares of the company’s stock worth $116,000 after buying an additional 7,584 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of ClubCorp Holdings during the second quarter valued at approximately $130,000. Princeton Alpha Management LP purchased a new position in shares of ClubCorp Holdings during the first quarter valued at approximately $175,000. Advisory Services Network LLC purchased a new position in shares of ClubCorp Holdings during the first quarter valued at approximately $181,000. Finally, Stevens Capital Management LP purchased a new position in shares of ClubCorp Holdings during the second quarter valued at approximately $153,000.
ClubCorp Holdings Company Profile
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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