FBR Capital Believes MYCC Still Has Room to Grow

By Jason Carr

In a report released today, Susan Anderson from FBR Capital reiterated a Buy rating on ClubCorp Holdings (NYSE: MYCC), with a price target of $23. The company’s shares closed yesterday at $16.55, close to its 52-week high of $17.50.

According to TipRanks.com, Anderson is a 2-star analyst with an average return of 0.0% and a 46.4% success rate. Anderson covers the Services sector, focusing on stocks such as Ascena Retail Group, Abercrombie Fitch, and Children’s Place.

Currently, the analyst consensus on ClubCorp Holdings is Moderate Buy and the average price target is $21, representing a 26.9% upside.

In a report issued on January 13, Imperial Capital also reiterated a Buy rating on the stock with a $21 price target.

The company has a one year high of $17.50 and a one year low of $9.75. Currently, ClubCorp Holdings has an average volume of 617.2K.

Based on the recent corporate insider activity of 31 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.

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.