Revenue Update on ClubCorp Holdings Inc(NYSE:MYCC)

ClubCorp Holdings Inc(NYSE:MYCC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 14, 2016. Company reported revenue of $268.97M. Analysts estimated a revenue of $273.70M. Earnings per share were $0.08. Analysts had estimated an EPS of $0.12.

In a different note, On Jul 12, 2016, Macquarie said it Upgrades its rating on ClubCorp Holdings Inc. The shares have been rated ‘Outperform’ by the firm. 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 Mondays trading session with the shares advancing 1.72% or 0.25 points. Due to strong positive momentum, the stock ended at $14.82, which is also near the day’s high of $14.84. The stock began the session at $14.66 and the volume stood at 7,19,621 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 $972 M and it has 6,55,60,277 shares in outstanding.

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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