Vigilant Capital Management Exits Position in ClubCorp Holdings Inc (MYCC)

ClubCorp Holdings Inc (MYCC) : Vigilant 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 Oct 14, 2016 with the SEC. The investment management company has sold out 220 shares of ClubCorp Holdings Inc which is valued at $2,614.

Other Hedge Funds, Including , Creative Planning boosted its stake in MYCC in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 2,400 shares of ClubCorp Holdings Inc which is valued at $33,552.Legal General Group Plc reduced its stake in MYCC by selling 660 shares or 4.52% in the most recent quarter. The Hedge Fund company now holds 13,942 shares of MYCC which is valued at $194,909.Cutler Group Lp boosted its stake in MYCC in the latest quarter, The investment management firm added 16,427 additional shares and now holds a total of 22,327 shares of ClubCorp Holdings Inc which is valued at $314,811. ClubCorp Holdings Inc makes up approx 0.02% of Cutler Group Lp’s portfolio. Simplex Trading added MYCC to its portfolio by purchasing 7,310 company shares during the most recent quarter which is valued at $102,632. ClubCorp Holdings Inc makes up approx 0.01% of Simplex Trading’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in MYCC in the latest quarter, The investment management firm added 2,845 additional shares and now holds a total of 5,356 shares of ClubCorp Holdings Inc which is valued at $77,930.

ClubCorp Holdings Inc closed down -0.44 points or -3.57% at $11.88 with 17,80,779 shares getting traded on Friday. Post opening the session at $12.37, the shares hit an intraday low of $11.75 and an intraday high of $12.37 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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. 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 .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 .

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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