A Director at ClubCorp Holdings (NYSE: MYCC) is Buying Shares

By George MacDonald

Yesterday, a Director at ClubCorp Holdings (NYSE: MYCC), Douglas H. Brooks, bought shares of MYCC for $103.4k.

Douglas H. Brooks increased his holding by 44.24%. In addition to Douglas H. Brooks, 16 other MYCC executives reported Buy trades in the last month.

The company has a one year high of $24.62 and a one year low of $9.75. MYCC’s market cap is $879.3M and the company has a P/E ratio of 23.9%. Currently, ClubCorp Holdings has an average volume of 757.4k.

Based on 6 analyst ratings, the analyst consensus is Strong Buy with an average price target of $19.83, reflecting a -33.1% downside. Eight different firms, including Merrill Lynch and Deutsche Bank, currently also have a Buy rating on the stock. Starting in February 2016, MYCC received 4 Buy ratings in a row.

Looking at blogger coverage of MYCC, there is a 71% Bullish tendency on the stock, in relation to a 68% average bullish tendency within the Service sector.

In the last 30 days, insiders have sold $93.81k worth of MYCC shares and purchased $462.5k worth of MYCC shares. Over the last 3 months, the insider sentiment on ClubCorp Holdings has been negative based on 61 corporate insider transactions. This sentiment is lower than the average sector sentiment of insiders.

ClubCorp Holdings Inc owns or operates a portfolio of golf and country clubs, business clubs, sports clubs and alumni clubs. Its properties include Firestone Country Club, Akron, Rancho Mirage, and among others.