ClubCorp Holdings, Inc. (NYSE:MYCC):
Rowley Law PLLC Is Investigating ClubCorp Holdings, Inc. and Its Board of Directors For Potential Breaches Of Fiduciary Duty.
In the market the company is trading down from yesterday’s close of $17.1.
Additionally the company declared a dividend that was paid on Mon Apr 17, 2017. The dividend was $0.130 per share for the quarter which comes to $0.52 on an annualized basis. This dividend represents a yeild of $3.97 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Monday the 3rd of April 2017.
ClubCorp Holdings, Inc., launched on November 10, 2010, is involved 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. The golf and country club segment includes private country clubs, golf clubs and public golf facilities. The business, sports and alumni club segment includes business clubs, business/sports clubs, sports clubs and alumni clubs. As of April 12, 2017 it owned or operated a portfolio of over 200 golf and country clubs, business clubs, sports clubs, and alumni clubs in 27 states, the District of Columbia and two foreign countries that serve over 430,000 members. The Business’s facilities are located in areas, such as Los Angeles, San Francisco, Atlanta, Columbus, Houston, Las Vegas and Richmond..
Shares are trading at $17.08 a bit higher than the 50 day moving average which is $13.28 and which is marginally over the 200 day moving average of $14.98. The 50 day moving average went up by +28.605% and the 200 day average went up $2.10 or +13.990%.
The most current P/E ratio is 284.583 and market cap is 1.12B. As of the last earnings report the EPS was $0.06 and is expected to be $0.36 for the current year with 65,731,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.09 with next year’s EPS anticipated to be $0.63.
A few investment firms have weighed in on MYCC. On July 11 the company was rated “In-Line” by Imperial Capital which was a cut from the previous “Outperform” rating. October 17 investment analysts at Imperial Capital made no change to the company rating of “Outperform” and lowered the price expectation from $21.00 to $16.00.
On September 26 analysts at Goldman Sachs initiated coverage on MYCC by announcing an initial rating of “Neutral” and price target of $16.00. Imperial Capital upgraded the stock and raised the price target on September 16 changing the price target from $12.00 to $21.00 and moving the rating from “In-line” to “Outperform”.
On September 16 the company was upgraded from “In-line” to “Outperform” with a current price target of $21.00 by Imperial Capital. On September 13 Citigroup held the stock rating at “Buy” but moved down the price target to $17.00 from $19.00.