Shares of ClubCorp Holdings Inc (NYSE:MYCC) have been given an average recommendation of “Hold” by the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $19.50.
Several research firms have commented on MYCC. Zacks Investment Research lowered ClubCorp Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. BidaskClub raised ClubCorp Holdings from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. MKM Partners lowered ClubCorp Holdings from a “buy” rating to a “neutral” rating and set a $17.00 price objective on the stock. in a research report on Thursday, July 20th. Finally, Stifel Nicolaus lowered ClubCorp Holdings from a “buy” rating to a “hold” rating and cut their price objective for the company from $18.00 to $17.00 in a research report on Wednesday, July 26th.
Shares of ClubCorp Holdings (MYCC) traded down $0.05 during trading on Monday, reaching $17.10. The company had a trading volume of 1,318,700 shares, compared to its average volume of 1,236,285. ClubCorp Holdings has a 52-week low of $10.80 and a 52-week high of $17.60. The company has a debt-to-equity ratio of 7.57, a quick ratio of 0.46 and a current ratio of 0.52.
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Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased its position in shares of ClubCorp Holdings by 591.6% during the second quarter. BNP Paribas Arbitrage SA now owns 8,866 shares of the company’s stock worth $116,000 after acquiring an additional 7,584 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of ClubCorp Holdings during the second quarter worth about $130,000. Stevens Capital Management LP purchased a new stake in shares of ClubCorp Holdings during the second quarter worth about $153,000. Mesirow Financial Investment Management Inc. purchased a new stake in shares of ClubCorp Holdings during the second quarter worth about $253,000. Finally, Quantbot Technologies LP increased its position in shares of ClubCorp Holdings by 300.4% during the second quarter. Quantbot Technologies LP now owns 20,194 shares of the company’s stock worth $264,000 after acquiring an additional 15,150 shares during the last quarter. 96.31% of the stock is currently owned by institutional investors and hedge funds.
ClubCorp Holdings Company Profile
ClubCorp Holdings, Inc, incorporated on November 10, 2010, is engaged in membership-based leisure business. The Company is also the owner-operator of private golf and country clubs, and business, sports and alumni clubs in North America. The Company operates through two segments: golf and country clubs, and business, sports and alumni clubs.
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