Ksl Advisors Lowers stake in ClubCorp Holdings Inc (MYCC)

ClubCorp Holdings Inc (MYCC) : Ksl Advisors reduced its stake in ClubCorp Holdings Inc by 52.72% during the most recent quarter end. The investment management company now holds a total of 8,968,922 shares of ClubCorp Holdings Inc which is valued at $112 Million after selling 10,000,000 shares in ClubCorp Holdings Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.ClubCorp Holdings Inc makes up approximately 100.00% of Ksl Advisors’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in MYCC in the latest quarter, The investment management firm added 255,953 additional shares and now holds a total of 4,380,623 shares of ClubCorp Holdings Inc which is valued at $54.7 Million.Credit Agricole S A boosted its stake in MYCC in the latest quarter, The investment management firm added 22,510 additional shares and now holds a total of 169,065 shares of ClubCorp Holdings Inc which is valued at $2.1 Million. ClubCorp Holdings Inc makes up approx 0.01% of Credit Agricole S A’s portfolio. Fortaleza Asset Management Inc added MYCC to its portfolio by purchasing 11,935 company shares during the most recent quarter which is valued at $149,068. ClubCorp Holdings Inc makes up approx 0.10% of Fortaleza Asset Management Inc’s portfolio.Cipher Capital Lp boosted its stake in MYCC in the latest quarter, The investment management firm added 13,126 additional shares and now holds a total of 24,978 shares of ClubCorp Holdings Inc which is valued at $311,975. ClubCorp Holdings Inc makes up approx 0.03% of Cipher Capital Lp’s portfolio. Secor Capital Advisors Lp added MYCC to its portfolio by purchasing 60,909 company shares during the most recent quarter which is valued at $760,753. ClubCorp Holdings Inc makes up approx 0.15% of Secor Capital Advisors Lp’s portfolio.

ClubCorp Holdings Inc opened for trading at $11.49 and hit $11.97 on the upside on Wednesday, eventually ending the session at $11.87, with a gain of 3.49% or 0.4 points. The heightened volatility saw the trading volume jump to 6,22,355 shares. Company has a market cap of $778 M.

Many Wall Street Analysts have commented on ClubCorp Holdings Inc. Imperial Capital Initiated ClubCorp Holdings Inc on May 20, 2016 to “In-line”, Price Target of the shares are set at $12.ClubCorp Holdings Inc was Upgraded by Wells Fargo to ” Outperform” on Feb 26, 2016. Shares were Reiterated by Deutsche Bank on Feb 25, 2016 to “Buy” and Lowered the Price Target to $ 18 from a previous price target of $25 .

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.

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