Worth Watching: Does ClubCorp Holdings Inc Have Any Gas After Today’s Significant Decline?

Worth Watching: Does ClubCorp Holdings Inc Have Any Gas After Today's Significant Decline?

The stock of ClubCorp Holdings Inc (NYSE:MYCC) is a huge mover today! About 923,679 shares traded hands or 70.48% up from the average. ClubCorp Holdings Inc (NYSE:MYCC) has declined 15.44% since March 11, 2016 and is downtrending. It has underperformed by 20.90% the S&P500.
The move comes after 6 months negative chart setup for the $687.38M company. It was reported on Oct, 14 by Barchart.com. We have $10.87 PT which if reached, will make NYSE:MYCC worth $61.86 million less.

Analysts await ClubCorp Holdings Inc (NYSE:MYCC) to report earnings on October, 20. They expect $0.08 EPS, up 300.00% or $0.06 from last year’s $0.02 per share. MYCC’s profit will be $4.61M for 37.31 P/E if the $0.08 EPS becomes a reality. After $0.11 actual EPS reported by ClubCorp Holdings Inc for the previous quarter, Wall Street now forecasts -27.27% negative EPS growth.

ClubCorp Holdings Inc (NYSE:MYCC) Ratings Coverage

Out of 10 analysts covering ClubCorp Holdings Inc (NYSE:MYCC), 8 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 80% are positive. ClubCorp Holdings Inc has been the topic of 13 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The company was maintained on Tuesday, March 15 by Citigroup. The firm has “In-Line” rating given on Friday, May 20 by Imperial Capital. The firm earned “Buy” rating on Thursday, January 14 by M Partners. M Partners maintained it with “Buy” rating and $22 target price in Friday, July 15 report. As per Thursday, June 30, the company rating was initiated by FBR Capital. Macquarie Research upgraded the shares of MYCC in a report on Tuesday, February 23 to “Neutral” rating. The firm has “Buy” rating by Citigroup given on Tuesday, September 13. The stock of ClubCorp Holdings Inc (NYSE:MYCC) has “Outperform” rating given on Friday, February 26 by Wells Fargo. The firm has “Neutral” rating given on Monday, September 26 by Goldman Sachs. Imperial Capital upgraded the shares of MYCC in a report on Friday, September 16 to “Outperform” rating.

According to Zacks Investment Research, “ClubCorp Holdings, Inc. is involved in leisure business. The company owns or operates a golf and country clubs, business clubs, sports clubs and alumni clubs primarily in North America. It operates in two segments: Golf and Country Clubs and Business, Sports and Alumni Clubs. The Golf and Country Clubs segment offers private country clubs, golf clubs which offer private and public golf play, other recreational amenities and public golf facilities. The Business, Sports and Alumni Clubs segment provides business clubs for dining, business or social entertainment for business executives, professionals and entrepreneurs, sports clubs provides fitness and racquet facilities, business/sports clubs and alumni clubs to provide a connection between the university and its alumni and faculty. ClubCorp Holdings, Inc. is based in Dallas, Texas.”

Insitutional Activity: The institutional sentiment decreased to 1.69 in Q2 2016. Its down 0.31, from 2 in 2016Q1. The ratio dived, as 21 funds sold all ClubCorp Holdings Inc shares owned while 28 reduced positions. 16 funds bought stakes while 67 increased positions. They now own 62.53 million shares or 3.44% less from 64.76 million shares in 2016Q1.
Fifth Third Fincl Bank accumulated 100 shares or 0% of the stock. Wellington Group Llp has 0.01% invested in the company for 2.92M shares. Manufacturers Life Ins The has 44,658 shares for 0% of their US portfolio. Bessemer Gru last reported 0% of its portfolio in the stock. Wells Fargo Mn owns 1.48 million shares or 0.01% of their US portfolio. New York State Common Retirement Fund accumulated 0% or 66,600 shares. Blackrock Fund Advsr accumulated 0% or 1.52 million shares. Moreover, Shellback L P has 0.32% invested in ClubCorp Holdings Inc (NYSE:MYCC) for 193,233 shares. Blackrock Group last reported 0% of its portfolio in the stock. Alliancebernstein L P last reported 0% of its portfolio in the stock. Frontfour Llc last reported 1.72 million shares in the company. The New Jersey-based Blackrock Management Ltd Liability Corp has invested 0% in ClubCorp Holdings Inc (NYSE:MYCC). Trexquant Limited Partnership accumulated 34,497 shares or 0.06% of the stock. Geode Cap Lc has invested 0% of its portfolio in ClubCorp Holdings Inc (NYSE:MYCC). Fortaleza Asset Mngmt last reported 7,885 shares in the company.

Insider Transactions: Since July 19, 2016, the stock had 1 insider purchase, and 1 insider sale for $15,128 net activity. $29,888 worth of ClubCorp Holdings Inc (NYSE:MYCC) was sold by Miller Andrew V on Thursday, July 21. The insider Spellings Margaret Mary bought $14,760.

More recent ClubCorp Holdings Inc (NYSE:MYCC) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: ClubCorp Holdings, Vail Resorts and Darden Restaurants” on October 03, 2016. Also Valuewalk.com published the news titled: “Kerrisdale Capital: ClubCorp Holdings Inc (MYCC) Has 80 Percent Downside” on April 07, 2016. Nasdaq.com‘s news article titled: “ClubCorp Holdings, Inc. (MYCC) Ex-Dividend Date Scheduled for October 05, 2016” with publication date: October 04, 2016 was also an interesting one.

MYCC Company Profile

ClubCorp Holdings, Inc., incorporated on November 10, 2010, is a membership leisure company. The Firm is the owner-operator of private golf and country clubs, and business, sports and alumni clubs in North America. The Company’s divisions include Golf and Country Clubs; Business, Sports and Alumni Clubs, and Other. The Company’s Golf and country club activities consist of private country clubs, golf clubs and public golf facilities. The Company’s Business, sports and alumni club activities consist of business clubs, business/sports clubs, sports clubs and alumni clubs. The Company’s portfolio of approximately 210 owned or operated clubs, with over 183,000 memberships, served over 430,000 individual members. The Company’s facilities are located in approximately 30 states of the United States, including California, Georgia, Texas, Arizona, Nevada, Colorado, Ohio, Kansas, North Carolina, Virginia, Tennessee, New Jersey, New York and Florida; the District of Columbia in the United States; Cozumel and Puerto Vallarta in Mexico, and Beijing and Hangzhou in China.

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