ClubCorp Holdings Inc (MYCC) is Initiated by FBR Capital to Outperform, Price Target at $17

ClubCorp Holdings Inc (MYCC) was Initiated by FBR Capital to “Outperform” and the brokerage firm has set the Price Target at $17. FBR Capital advised their investors in a research report released on Jun 30, 2016.

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 opened for trading at $11.76 and hit $11.91 on the upside on Wednesday, eventually ending the session at $11.83, with a gain of 2.25% or 0.26 points. The heightened volatility saw the trading volume jump to 11,44,038 shares. Company has a market cap of $775 M.

In a different news, on Mar 7, 2016, Janet Grove (director) purchased 1,000 shares at $14.55 per share price. According to the SEC, on Mar 4, 2016, Margaret Mary Spellings (director) purchased 1,300 shares at $14.94 per share price. On Mar 2, 2016, William E Sullivan (director) purchased 5,000 shares at $13.57 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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