Analyst Rating Update on ClubCorp Holdings (MYCC)

ClubCorp Holdings (NYSE:MYCC) has an average broker rating of 1.22, which is interpreted as a Strong Buy, as rated by 9 equity analysts. Nonetheless, 8 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

ClubCorp Holdings (NYSE:MYCC) : 8 Wall Street analysts covering ClubCorp Holdings (NYSE:MYCC) believe that the average level the stock could reach for the short term is $19.75. The maximum price target given is $27 and the minimum target for short term is around $12, hence the standard deviation is calculated at $4.71.

For the current week, the company shares have a recommendation consensus of Buy. Also, Imperial Capital initiates coverage on ClubCorp Holdings (NYSE:MYCC). Imperial Capital has a In-line rating on the shares. As per the latest report, the brokerage house announces the price target to $12 per share. The rating by the firm was issued on May 20, 2016.

ClubCorp Holdings (NYSE:MYCC): On Tuesdays trading session , Opening price of the stock was $11.96 with an intraday high of $12.0299. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $11.67. However, the stock managed to close at $11.7, a loss of 0.34% for the day. On the previous day, the stock had closed at $11.74. The total traded volume of the day was 1,282,193 shares.

In an insider trading activity, Grove Janet, director of Clubcorp Holdings, Inc., had purchased 1,000 shares on March 7, 2016. The total value of the transaction was $14,550. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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 Companys 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 Companys portfolio of 207 owned or operated clubs, with over 180,000 memberships, serving over 400,000 individual members.

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