Tipp Hill Capital Management Exits Position in ClubCorp Holdings Inc (MYCC)

ClubCorp Holdings Inc (MYCC) : Tipp Hill Capital Management has sold out all of its stake in ClubCorp Holdings Inc during the most recent quarter, according to the disclosure filed by the company on Aug 3, 2016 with the SEC. The investment management company has sold out 40,000 shares of ClubCorp Holdings Inc which is valued at $572,000.

Other Hedge Funds, Including , Quantbot Technologies Lp sold out all of its stake in MYCC during the most recent quarter. The investment firm sold 6,008 shares of MYCC which is valued $85,914.California State Teachers Retirement System boosted its stake in MYCC in the latest quarter, The investment management firm added 41,923 additional shares and now holds a total of 134,992 shares of ClubCorp Holdings Inc which is valued at $1,930,386. First Dallas Securities added MYCC to its portfolio by purchasing 19,950 company shares during the most recent quarter which is valued at $290,472. ClubCorp Holdings Inc makes up approx 0.22% of First Dallas Securities’s portfolio.Curian Capital reduced its stake in MYCC by selling 23,413 shares or 62.01% in the most recent quarter. The Hedge Fund company now holds 14,343 shares of MYCC which is valued at $190,045. ClubCorp Holdings Inc makes up approx 0.01% of Curian Capital’s portfolio.

ClubCorp Holdings Inc closed down -0.23 points or -1.55% at $14.59 with 3,03,078 shares getting traded on Monday. Post opening the session at $14.88, the shares hit an intraday low of $14.5 and an intraday high of $14.95 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, ClubCorp Holdings Inc reported $0.08 EPS for the quarter, based on the information available during the earnings call on Jul 14, 2016. Analyst had a consensus estimate of $0.08. The company had revenue of $269.00 million for the quarter, compared to analysts expectations of $273.21 million. The company’s revenue was up 2.0% compared to the same quarter last year.

Many Wall Street Analysts have commented on ClubCorp Holdings Inc. Company shares were Reiterated by Imperial Capital on Jul 19, 2016 to “In-line”, Firm has raised the Price Target to $ 14 from a previous price target of $12 .Shares were Reiterated by MKM Partners on Jul 15, 2016 to “Buy” and Lowered the Price Target to $ 22 from a previous price target of $24 .ClubCorp Holdings Inc was Upgraded by Macquarie to ” Outperform” on Jul 12, 2016.

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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