Deutsche Bank Believes MYCC Won’t Stop Here

By Jason Carr

Deutsche Bank analyst Carlo Santarelli maintained a Buy rating on ClubCorp Holdings (NYSE: MYCC) yesterday and set a price target of $19. The company’s shares closed yesterday at $16.90, close to its 52-week high of $17.60.

According to, Santarelli is a 4-star analyst with an average return of 5.0% and a 61.4% success rate. Santarelli covers the Services sector, focusing on stocks such as Marriott International, Pinnacle Entertainment, and Isle of Capri Casinos.

ClubCorp Holdings has an analyst consensus of Strong Buy, with a price target consensus of $20.

The company has a one year high of $17.60 and a one year low of $10.80. Currently, ClubCorp Holdings has an average volume of 581.3K.

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MYCC in relation to earlier this year. Most recently, in July 2016, Margaret Mary Spellings, a Director at MYCC bought 1,000 shares for a total of $14,750.

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ClubCorp Holdings, Inc. owns and operates private golf, country clubs, business, sports and alumni clubs in North America. The company operates through two business segments: Golf and Country Clubs; and Business, Sports and Alumni Clubs. The Golf and Country Club segment includes a broad variety of clubs designed to appeal to a diverse group of families and individuals who lead an active lifestyle and seek a nearby outlet for golf, tennis, swimming and other outdoor activities. The Business, Sports and Alumni Clubs segment operates business clubs that provide a setting for dining, business, or social entertainment for business executives, professionals and entrepreneurs located in office towers or business complexes; sports clubs, which comprise fitness and racquet facilities; business or sports clubs; and alumni clubs that associate with universities to provide a connection between the university and its alumni and faculty. ClubCorp Holdings was founded on November 10, 2010 and is headquartered in Dallas, TX.