Published: Thu, April 13, 2017
Hi-Tech | By Ellis Neal

Analysts At Imperial Capital Reiterated ClubCorp Holdings Inc (NYSE:MYCC) As Outperform

Shares of ClubCorp Holdings, Inc.

On 3/4/2016 Margaret Mary Spellings, Director, bought 1,300 with an average share price of $14.95 per share and the total transaction amounting to $19,435.00.

The company also announced that for the first quarter, which ended March 21, it narrowed its quarterly loss by almost 10 percent or $800,000 to $7.5 million. US Bancorp DE now owns 8,072 shares of the company's stock valued at $117,000 after buying an additional 100 shares during the period.

Excluding certain one-time items, the company reported a wider-than-expected net loss of 12 cents per share.

11 number of analysts have estimated the sales of the company for the quarter, analysts estimated mean sale target of 266.97 million while high and low sale targets are estimated at 271 million and 263.4 million respectively. ClubCorp Holdings's revenue was up 4.1% on a year-over-year basis. Imperial Capital lifted their price objective on shares of ClubCorp Holdings from $16.00 to $21.00 and gave the company an "outperform" rating in a report on Friday, January 13th. The company has a market cap of $904.47 million, a PE ratio of 288.54 and a beta of 1.11. During the same quarter in the previous year, the business earned ($0.13) earnings per share. Finally, BlackRock Investment Management LLC raised its stake in shares of ClubCorp Holdings by 1.7% in the third quarter. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by $0.04.

Stock is now moving with a negative distance from the 200 day simple moving average of approximately -4.5%, and has a poor year to date (YTD) performance of -1.83% which means the stock is constantly subtracting to its value from the previous fiscal year end price. Macquarie lowered ClubCorp Holdings from an "outperform" rating to a "neutral" rating and upped their target price for the company from $16.90 to $18.00 in a research report on Monday, March 6th. Boston Partners now owns 3,154,218 shares of the company's stock worth $45,641,000 after buying an additional 1,463,735 shares in the last quarter. In contrast to the year ago quarter EPS was at 0.11.

ClubCorp Holdings, Inc. (NASDAQ:MYCC) has risen 14.88% over the past 6 months and is uptrending. Investors of record on Wednesday, April 5th will be given a dividend of $0.13 per share.

On 6/13/2016 ClubCorp Holdings announced a quarterly dividend of $0.13 4.14% with an ex dividend date of 6/29/2016 which will be payable on 7/15/2016.

According to FactSet data, MYCC stock has received different ratings from Financial Analysts. This represents a $0.52 annualized dividend and a dividend yield of 3.75%. Wellington Management Company LLP is the second biggest holder with 4 million shares now valued at 58.01 million whilst Jennison Associates LLC has 3 million shares valued at 46.29 million. If you are reading this story on another publication, it was illegally copied and republished in violation of US and worldwide copyright and trademark laws.

Based in Dallas, Texas, ClubCorp is a leading owner-operator of private golf and country clubs and private business clubs in North America. ClubCorp owns or operates a portfolio of over 200 golf and country clubs, business clubs, sports clubs, and alumni clubs in 27 states, the District of Columbia and two foreign countries that serve over 430,000 members, with approximately 20,000 peak-season employees.

Like this: