ClubCorp Holdings Inc (MYCC) Given Buy Rating at Sterne Agee CRT
Sterne Agee CRT reaffirmed their buy rating on shares of ClubCorp Holdings Inc (NASDAQ:MYCC) in a research note issued to investors on Thursday morning, Market Beat Ratings reports. The firm currently has a $23.00 price objective on the stock.
MYCC has been the topic of several other reports. MKM Partners reaffirmed a buy rating and set a $30.00 price objective on shares of ClubCorp Holdings in a report on Tuesday, November 24th. Zacks Investment Research raised shares of ClubCorp Holdings from a sell rating to a hold rating in a report on Wednesday, November 4th. Macquarie began coverage on shares of ClubCorp Holdings in a report on Monday. They set an underperform rating on the stock. Finally, Deutsche Bank reaffirmed a buy rating on shares of ClubCorp Holdings in a report on Sunday, November 22nd. Two analysts have rated the stock with a sell rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $26.60.
ClubCorp Holdings (NASDAQ:MYCC) opened at 11.83 on Thursday. The company has a market capitalization of $765.96 million and a P/E ratio of 27.13. The firm has a 50-day moving average of $16.00 and a 200-day moving average of $20.17. ClubCorp Holdings has a 52 week low of $11.64 and a 52 week high of $24.95.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 15th. Stockholders of record on Monday, January 4th were paid a $0.13 dividend. This is an increase from ClubCorp Holdings’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 4.40%. The ex-dividend date was Wednesday, December 30th.
In other ClubCorp Holdings news, CFO Curtis D. Mcclellan sold 2,000 shares of ClubCorp Holdings stock in a transaction dated Thursday, January 21st. The shares were sold at an average price of $12.94, for a total transaction of $25,880.00. Following the transaction, the chief financial officer now directly owns 102,125 shares of the company’s stock, valued at $1,321,497.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eric Affeldt sold 5,000 shares of ClubCorp Holdings stock in a transaction dated Tuesday, December 1st. The stock was sold at an average price of $17.91, for a total transaction of $89,550.00. Following the transaction, the chief executive officer now directly owns 657,990 shares in the company, valued at $11,784,600.90. The disclosure for this sale can be found here.
A number of institutional investors have recently modified their holdings of MYCC. Tipp Hill Capital Management purchased a new position in shares of ClubCorp Holdings during the fourth quarter worth approximately $731,000. Quantitative Systematic Strategies bought a new stake in shares of ClubCorp Holdings during the fourth quarter worth $306,000. Assetmark bought a new stake in shares of ClubCorp Holdings during the third quarter worth $0. Finally, Beacon Capital Management bought a new stake in shares of ClubCorp Holdings during the fourth quarter worth $0.
ClubCorp Holdings, Inc. is engaged in membership-based leisure business and an owner and operator of private golf and country clubs and business, sports and alumni clubs in North America. The Company operations are organized into two business segments: golf and country clubs, and business, sports and alumni clubs. Its golf and country club segment includes a variety of clubs designed to appeal to a group of families and individuals who lead an active lifestyle and seek a nearby outlet for golf, tennis, swimming and other activities. The Company’s business, sports and alumni club segment is designed to provide its members with private locations where they can work, network and socialize. As of December 30, 2014, the Company’s portfolio of 207 owned or operated clubs, with over 180,000 memberships, serving over 400,000 individual members.
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