Shares in ClubCorp Holdings, Inc. (NYSE:MYCC) Acquired by KCG Holdings Inc

  • Shares in ClubCorp Holdings, Inc. (NYSE:MYCC) Acquired by KCG Holdings Inc

Shares in ClubCorp Holdings, Inc. (NYSE:MYCC) Acquired by KCG Holdings Inc

Though, shares have risen about that much on the news to $17.08 in pre-market trading.

Hedge funds have recently modified their holdings of the company. Macquarie lowered ClubCorp Holdings from an outperform rating to a neutral rating and boosted their price objective for the company from $16.90 to $18.00 in a research report on Monday, March 6th. The deal values MYCC stock at $17.12 per share, a modest discount to the equity's February 22 annual high of $17.60. Swiss National Bank raised its stake in ClubCorp Holdings by 2.7% in the first quarter. ClubCorp Holdings, Inc. has a 12 month low of $10.80 and a 12 month high of $17.60.

State Board Of Administration Of Florida Retirement accumulated 12,963 shares or 0% of the stock.

ClubCorp Holdings (NYSE:MYCC) last issued its quarterly earnings results on Wednesday, April 12th.

ClubCorp Holdings, Inc. (NYSE:MYCC)'s shares may have a significant upside to the consensus target of 18.65, but how has it been performing relative to the market? Jefferies maintained ClubCorp Holdings Inc (NYSE:MYCC) rating on Friday, June 2.

Among 11 analysts covering ClubCorp Holdings Inc (NYSE:MYCC), 9 have Buy rating, 0 Sell and 2 Hold.

Prior to the deal announcement, the shares had declined about 25 percent since reaching a closing high this year on February 21 - the day before ClubCorp reported weak fourth-quarter earnings. More interesting news about ClubCorp Holdings Inc (NYSE:MYCC) were released by: Businesswire.com and their article: "CLUBCORP HOLDINGS, INC". Current price levels see the company 28.07% off the 20-day simple moving average. Breaking that down further, it has performed 16.53% for the week, 13.64% for the month, -7.41% over the last quarter, -55.36% for the past half-year and -74.90% for this a year ago. The stock of ClubCorp Holdings Inc (NYSE:MYCC) has "Outperform" rating given on Thursday, January 19 by FBR Capital. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. Its revenue totaled $221.58 million down -35.83% from the previous quarter. ClubCorp Holdings had a net margin of 0.41% and a return on equity of 8.96%. In the latest earnings report the EPS was $0.06 and is estimated to be $0.36 for the current year with 65,731,000 shares now outstanding. During the same period in the prior year, the firm posted ($0.13) EPS. Those same analysts are projecting that the stock will reach $3.50 on a short term basis.

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

Founded in 1957, Dallas-based ClubCorps owns or operates more than 200 private golf, country and private clubs, including the Firestone Country Club in Akron, Ohio; Mission Hills Country Club in Rancho Mirage, Calif.; The Woodlands Country Club in The Woodlands, Texas; and the Capital Club Beijing. The Company is also the owner-operator of private golf and country clubs, and business, sports and alumni clubs in North America.