Elk Creek Partners buys $22,771,358 stake in ClubCorp Holdings Inc (MYCC)

ClubCorp Holdings Inc (MYCC) : Elk Creek Partners scooped up 318,816 additional shares in ClubCorp Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 1,567,196 shares of ClubCorp Holdings Inc which is valued at $22,771,358.ClubCorp Holdings Inc makes up approximately 1.47% of Elk Creek Partners’s portfolio.

Other Hedge Funds, Including , Geode Capital Management boosted its stake in MYCC in the latest quarter, The investment management firm added 30,473 additional shares and now holds a total of 429,521 shares of ClubCorp Holdings Inc which is valued at $6,240,940.Rhumbline Advisers boosted its stake in MYCC in the latest quarter, The investment management firm added 15,108 additional shares and now holds a total of 59,339 shares of ClubCorp Holdings Inc which is valued at $862,196. Secor Capital Advisors Lp sold out all of its stake in MYCC during the most recent quarter. The investment firm sold 60,909 shares of MYCC which is valued $871,608.Jennison Associates reduced its stake in MYCC by selling 8,574 shares or 0.7% in the most recent quarter. The Hedge Fund company now holds 1,214,671 shares of MYCC which is valued at $17,369,795. ClubCorp Holdings Inc makes up approx 0.02% of Jennison Associates’s portfolio. Fox Run Management L.l.c. sold out all of its stake in MYCC during the most recent quarter. The investment firm sold 17,600 shares of MYCC which is valued $258,896.

ClubCorp Holdings Inc opened for trading at $14.42 and hit $14.73 on the upside on Monday, eventually ending the session at $14.46, with a gain of 0.91% or 0.13 points. The heightened volatility saw the trading volume jump to 2,07,676 shares. Company has a market cap of $948 M.

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.

Many Wall Street Analysts have commented on ClubCorp Holdings Inc. 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 .ClubCorp Holdings Inc was Upgraded by Macquarie to ” Outperform” on Jul 12, 2016.

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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