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Why ClubCorp Holdings, Inc. Stock Soared on Monday

11 July 2017

According to Zacks, "ClubCorp Holdings, Inc.is involved in leisure business". It operates in two segments: Golf and Country Clubs and Business, Sports and Alumni Clubs.

ClubCorp also owns the Capital City Club and Commerce Club in Columbia and Greenville, respectively, as well as private and semi-private golf-anchored country clubs in Aiken and Hilton Head Island. ClubCorp Holdings, Inc.is based in Dallas, Texas. It increased, as 7 investors sold RigNet Inc shares while 26 reduced holdings. Stifel Nicolaus reissued a "buy" rating and set a $18.00 price objective on shares of ClubCorp Holdings in a report on Tuesday, June 6th. Imperial Capital maintained ClubCorp Holdings Inc (NYSE: MYCC) rating on Thursday, April 13. Jefferies Group LLC reissued a "buy" rating and set a $27.00 price objective on shares of ClubCorp Holdings in a report on Wednesday, June 21st. A rating of 1 or 2 would represent a Buy, and a 3 rating would signify a Hold on the stock. Citigroup has "Buy" rating and $17 target.

Shares of ClubCorp Holdings (NYSE: MYCC) traded up 30.344% during midday trading on Thursday, hitting $17.075. About 20.56 million shares traded or 4017.21% up from the average. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 284.583 and a beta of 1.12. Imperial Capital maintained ClubCorp Holdings Inc (NYSE: MYCC) on Monday, October 17 with "Outperform" rating. Peak6 Investments LP has invested 0.01% of its portfolio in ClubCorp Holdings Inc (NYSE: MYCC). During the same quarter a year ago, the firm posted ($0.13) earnings per share. The transaction is expected to close sometime in the year's fourth fiscal quarter. During the same period in the prior year, the firm earned ($0.13) earnings per share.

WARNING: "ClubCorp Holdings, Inc". Analysts have also given a consensus recommendation on the stock of 1.70.

The average twelve-month target price among brokers that have issued ratings on the stock in the previous year is $19.50. State Street Corp boosted its position in shares of ClubCorp Holdings by 2.6% in the first quarter. Putnam Investments LLC now owns 280,316 shares of the company's stock valued at $4,023,000 after buying an additional 5,900 shares during the last quarter.

Spot Trading Llc increased Clubcorp Hldgs Inc (MYCC) stake by 1203.52% reported in 2016Q4 SEC filing.

ClubCorp, which is the owner-operator of more than 200 private clubs including country clubs for more than 430,000 members, has been purchased by buyout firm Apollo Global Management for $1.1 billion in a surprising, all-cash deal.

Why ClubCorp Holdings, Inc. Stock Soared on Monday