ClubCorp Holdings Inc (MYCC) is Reiterated by Imperial Capital to Outperform, Lowers Price Target to $ 16

ClubCorp Holdings Inc (MYCC) was Reiterated by Imperial Capital to “Outperform” while Lowering the Price Target of the company shares to $ 16 from a previous price target of $21 . Imperial Capital advised their investors in a research report released on Oct 17, 2016.

Many Wall Street Analysts have commented on ClubCorp Holdings Inc. ClubCorp Holdings Inc was Initiated by Goldman to “Neutral” on Sep 26, 2016. 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 .

On the company’s financial health, ClubCorp Holdings Inc reported $0.02 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Oct 13, 2016. Analyst had a consensus of $0.08. The company had revenue of $259.33 million for the quarter, compared to analysts expectations of $264.82 million. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.

ClubCorp Holdings Inc closed down -0.44 points or -3.57% at $11.88 with 17,80,779 shares getting traded on Friday. Post opening the session at $12.37, the shares hit an intraday low of $11.75 and an intraday high of $12.37 and the price fluctuated in this range throughout the day.Shares ended Friday 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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