ClubCorp Holdings, Inc. (MYCC) Position Lifted by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. increased its position in ClubCorp Holdings, Inc. (NYSE:MYCC) by 8.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 424,518 shares of the company’s stock after acquiring an additional 34,402 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.64% of ClubCorp Holdings worth $5,562,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Algert Global LLC raised its holdings in ClubCorp Holdings by 76.0% in the 2nd quarter. Algert Global LLC now owns 169,610 shares of the company’s stock worth $2,222,000 after acquiring an additional 73,223 shares during the period. Sei Investments Co. raised its holdings in ClubCorp Holdings by 16.1% in the 2nd quarter. Sei Investments Co. now owns 95,274 shares of the company’s stock worth $1,248,000 after acquiring an additional 13,217 shares during the period. Suffolk Capital Management LLC raised its holdings in ClubCorp Holdings by 59.0% in the 2nd quarter. Suffolk Capital Management LLC now owns 137,579 shares of the company’s stock worth $1,802,000 after acquiring an additional 51,038 shares during the period. State of New Jersey Common Pension Fund D raised its holdings in ClubCorp Holdings by 5.8% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 328,897 shares of the company’s stock worth $4,309,000 after acquiring an additional 17,897 shares during the period. Finally, Spark Investment Management LLC raised its holdings in ClubCorp Holdings by 172.2% in the 2nd quarter. Spark Investment Management LLC now owns 283,400 shares of the company’s stock worth $3,712,000 after acquiring an additional 179,300 shares during the period. Hedge funds and other institutional investors own 96.31% of the company’s stock.

Several research analysts have recently issued reports on MYCC shares. BidaskClub downgraded shares of ClubCorp Holdings from a “hold” rating to a “sell” rating in a report on Thursday, September 14th. Stifel Nicolaus downgraded shares of ClubCorp Holdings from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $18.00 to $17.00 in a report on Wednesday, July 26th. Zacks Investment Research downgraded shares of ClubCorp Holdings from a “hold” rating to a “sell” rating in a report on Friday, July 28th. MKM Partners downgraded shares of ClubCorp Holdings from a “buy” rating to a “neutral” rating and set a $17.00 price objective on the stock. in a report on Thursday, July 20th. Finally, Jefferies Group LLC restated a “buy” rating and set a $27.00 price objective on shares of ClubCorp Holdings in a report on Wednesday, June 21st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $19.50.

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ClubCorp Holdings, Inc. (NYSE:MYCC) opened at 17.10 on Friday. The stock’s 50 day moving average is $17.02 and its 200 day moving average is $15.23. ClubCorp Holdings, Inc. has a 12-month low of $10.80 and a 12-month high of $17.60. The company’s market cap is $1.12 billion.

ClubCorp Holdings (NYSE:MYCC) last issued its quarterly earnings data on Thursday, July 20th. The company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.14). The company had revenue of $276.35 million during the quarter, compared to the consensus estimate of $276.51 million. ClubCorp Holdings had a negative net margin of 0.04% and a positive return on equity of 9.50%. On average, equities analysts forecast that ClubCorp Holdings, Inc. will post $0.30 earnings per share for the current year.

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.

Institutional Ownership by Quarter for ClubCorp Holdings (NYSE:MYCC)

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