Lorber David A Lowers stake in ClubCorp Holdings Inc (MYCC)

ClubCorp Holdings Inc (MYCC) : Lorber David A reduced its stake in ClubCorp Holdings Inc by 60.1% during the most recent quarter end. The investment management company now holds a total of 34,685 shares of ClubCorp Holdings Inc which is valued at $459,576 after selling 52,242 shares in ClubCorp Holdings Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.ClubCorp Holdings Inc makes up approximately 13.87% of Lorber David A’s portfolio.

Other Hedge Funds, Including , Allianz Asset Management Ag added MYCC to its portfolio by purchasing 182,957 company shares during the most recent quarter which is valued at $2,424,180.Bessemer Group Inc reduced its stake in MYCC by selling 3 shares or 0.95% in the most recent quarter. The Hedge Fund company now holds 312 shares of MYCC which is valued at $4,072. Engineers Gate Manager Lp sold out all of its stake in MYCC during the most recent quarter. The investment firm sold 54,468 shares of MYCC which is valued $664,510. Teacher Retirement System Of Texas sold out all of its stake in MYCC during the most recent quarter. The investment firm sold 9,033 shares of MYCC which is valued $98,460.American Century Companies Inc reduced its stake in MYCC by selling 144,725 shares or 7.21% in the most recent quarter. The Hedge Fund company now holds 1,862,828 shares of MYCC which is valued at $20,491,108. ClubCorp Holdings Inc makes up approx 0.02% of American Century Companies Inc’s portfolio.

ClubCorp Holdings Inc opened for trading at $13.05 and hit $13.0705 on the upside on Monday, eventually ending the session at $13.05, with a gain of 0.38% or 0.05 points. The heightened volatility saw the trading volume jump to 4,12,938 shares. Company has a market cap of $855 M.

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.

Many Wall Street Analysts have commented on ClubCorp Holdings Inc. Shares were Reiterated by Imperial Capital on Oct 17, 2016 to “Outperform” and Lowered the Price Target to $ 16 from a previous price target of $21 .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 .

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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