ClubCorp Holdings Inc (MYCC) is Initiated by Goldman to Neutral

ClubCorp Holdings Inc (MYCC) was Initiated by Goldman to “Neutral”. Goldman advised their investors in a research report released on Sep 26, 2016.

Many Wall Street Analysts have commented on ClubCorp Holdings Inc. Company shares were Upgraded by Imperial Capital on Sep 16, 2016 to ” Outperform”, Firm has raised the Price Target to $ 21 from a previous price target of $14 .Company shares were Reiterated by Imperial Capital on Jul 19, 2016 to “In-line”, Firm has raised the Price Target to $ 14 from a previous price target of $12 .Shares were Reiterated by MKM Partners on Jul 15, 2016 to “Buy” and Lowered the Price Target to $ 22 from a previous price target of $24 .

On the company’s financial health, ClubCorp Holdings Inc reported $0.08 EPS for the quarter, based on the information available during the earnings call on Jul 14, 2016. Analyst had a consensus estimate of $0.08. The company had revenue of $269.00 million for the quarter, compared to analysts expectations of $273.21 million. The company’s revenue was up 2.0% compared to the same quarter last year.

ClubCorp Holdings Inc closed down -0.23 points or -1.39% at $16.32 with 5,49,237 shares getting traded on Thursday. Post opening the session at $16.65, the shares hit an intraday low of $16.115 and an intraday high of $16.9 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Jul 25, 2016, Andrew V Miller (EVP of Membership) sold 2,000 shares at $14.94 per share price. According to the SEC, on Jul 19, 2016, Margaret Mary Spellings (director) purchased 1,000 shares at $14.76 per share price. On Mar 7, 2016, Janet Grove (director) purchased 1,000 shares at $14.55 per share price, according to the Form-4 filing with the securities and exchange commission.

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 180000 memberships serving over 400000 individual members.

ClubCorp Holdings Inc

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ClubCorp Holdings Inc - Is it time to Sell?

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