Macquarie Upgrades ClubCorp Holdings Inc to Outperform

Brokerage firm Macquarie Upgrades its rating on ClubCorp Holdings Inc(NYSE:MYCC). The shares have been rated Outperform. Previously, the analysts had a Neutral rating on the shares. The rating by Macquarie was issued on Jul 12, 2016.

In a different note, Imperial Capital said it Initiates Coverage on ClubCorp Holdings Inc, according to a research note issued on May 20, 2016. The shares have been rated ‘In-line’ by the firm.

ClubCorp Holdings Inc (MYCC) made into the market gainers list on Fridays trading session with the shares advancing 3.41% or 0.48 points. Due to strong positive momentum, the stock ended at $14.57, which is also near the day’s high of $14.74. The stock began the session at $14.13 and the volume stood at 18,71,870 shares. The 52-week high of the shares is $24.95 and the 52 week low is $9.75. The company has a current market capitalization of $955 M and it has 6,55,60,277 shares in outstanding.

ClubCorp Holdings Inc(MYCC) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $214.87M. Analysts had an estimated revenue of $207.98M. Earnings per share were $-0.13. Analysts had estimated an EPS of $-0.09.

Several Insider Transactions has been reported to the SEC. On Mar 7, 2016, Janet Grove (director) purchased 1,000 shares at $14.55 per share price.Also, On Mar 4, 2016, Margaret Mary Spellings (director) purchased 1,300 shares at $14.94 per share price.On Mar 2, 2016, William E Sullivan (director) purchased 5,000 shares at $13.57 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.

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