Goldman Sachs Initiates Coverage on ClubCorp Holdings Inc to Neutral

Goldman Sachs Initiates Coverage on ClubCorp Holdings Inc(NYSE:MYCC). The shares have been rated Neutral. The rating by Goldman Sachs was issued on Sep 26, 2016.

In a different note, On Sep 16, 2016, Imperial Capital said it Upgrades its rating on ClubCorp Holdings Inc. In the research note, the firm Raises the price-target to $14.00 per share. The shares have been rated ‘Outperform’ by the firm. On Sep 13, 2016, Citigroup said it Maintains its rating on ClubCorp Holdings Inc. In the research note, the firm Lowers the price-target to $17.50 per share. The shares have been rated ‘Buy’ by the firm. On Jul 12, 2016, Macquarie said it Upgrades its rating on ClubCorp Holdings Inc. The shares have been rated ‘Outperform’ by the firm.

ClubCorp Holdings Inc (MYCC) shares turned negative on Thursdays trading session with the shares closing down -0.23 points or -1.39% at a volume of 5,49,237. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $16.9. The peak price level was also seen at $16.9 while the days lowest was $16.115. Finally the shares closed at $16.32. The 52-week high of the shares is $23.04 while the 52-week low is $9.75. According to the latest information available, the market cap of the company is $1,070 M.

ClubCorp Holdings Inc(MYCC) last announced its earnings results on Jul 14, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $268.97M. Analysts had an estimated revenue of $273.70M. Earnings per share were $0.08. Analysts had estimated an EPS of $0.12.

Several Insider Transactions has been reported to the SEC. On Jul 25, 2016, Andrew V Miller (EVP of Membership) sold 2,000 shares at $14.94 per share price.Also, 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

ClubCorp Holdings Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on ClubCorp Holdings Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.