ClubCorp purchased by buyout firm Apollo Group for $1.1 billion in cash

Last time, the company failed Wall Street by reporting EPS of $-0.12, smashing the consensus of $-0.07 per share. United Capital Financial Advisers LLC's holdings in ClubCorp Holdings were worth $391,000 as of its most recent filing with the SEC. Next quarter's EPS is expected be $0.10 and the next full year EPS is anticipated to be $0.64. Over the past 2 quarters, the stock is down -10.27%, compared with a fall of almost -17.61% for 3 months and about -1.50% for the past 30 days.

In the first quarter, ClubCorp's revenue rose 3 percent to $221.3 million and its net loss narrowed 9.7 percent to $7.5 million. State Street Corp boosted its position in shares of ClubCorp Holdings by 2.6% in the first quarter. Comerica Bank increased its stake in shares of ClubCorp Holdings by 18.8% in the fourth quarter. Goldman Sachs Group Inc accumulated 334,523 shares or 0% of the stock.

Hedge funds have recently modified their holdings of the company. Moreover, Walleye Trading Ltd Liability has 0.01% invested in ClubCorp Holdings Inc (NYSE:MYCC) for 60,991 shares. About 20.56 million shares traded or 4017.21% up from the average. The stock has a market cap of $861.08 million, a price-to-earnings ratio of 218.33 and a beta of 1.12. The 50 day moving average was up $3.80 or +28.605% whereas the 200 day average was up by +13.990%. The company reported ($0.12) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.08) by $0.04. Peak6 Investments LP has invested 0.01% of its portfolio in ClubCorp Holdings Inc (NYSE:MYCC). Revenue for the quarter also did not kill consensus, coming in at $221.28M, compared to the consensus of 221.58M.

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COPYRIGHT VIOLATION WARNING: This news story was first published by BBNS and is the property of of BBNS. On September 26, 2016 Goldman Sachs added MYCC to its research portfolio giving it an initial rating of "Neutral" and setting a price target of $16.00. Imperial Capital maintained ClubCorp Holdings Inc (NYSE:MYCC) on Monday, October 17 with "Outperform" rating.

Analysts await ClubCorp Holdings Inc (NYSE:MYCC) to report earnings on July, 13. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Stifel Nicolaus reiterated a "buy" rating and issued a $18.00 price objective on shares of ClubCorp Holdings in a research note on Tuesday, June 6th.

ClubCorp Holdings, Inc, incorporated on November 10, 2010, is engaged in membership-based leisure business.

ClubCorp, Dallas, has reached a buyout agreement with the affiliates of private equity firm Apollo Global Management for approximately $1.1 billion, the companies announced Sunday in a media release.

  • Neal Todd