Revenue Update on ClubCorp Holdings Inc(NYSE:MYCC)

ClubCorp Holdings Inc(NYSE:MYCC) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $345.301M. Analysts estimated a revenue of $339.540M. The revenues were 1.7% above the estimates. Earnings per share were $0.08. The reported EPS was below estimates by -42.86%. Analysts had estimated an EPS of $0.14.

ClubCorp Holdings Inc (MYCC) shares turned negative on Wednesdays trading session with the shares closing down -0.6 points or -3.43% at a volume of 6,09,752. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $17.6. The peak price level was also seen at $17.6 while the days lowest was $16.9. Finally the shares closed at $16.9. The 52-week high of the shares is $17.6 while the 52-week low is $10.54. According to the latest information available, the market cap of the company is $1,107 M.

Several Insider Transactions has been reported to the SEC. On Jul 25, 2016, Andrew V Miller (EVP of Membership) sold 2,000 shares at $14.94 per share price.Also, On Jul 19, 2016, Margaret Mary Spellings (director) purchased 1,000 shares at $14.76 per share price.On Mar 7, 2016, Janet Grove (director) purchased 1,000 shares at $14.55 per share price, according to the Form-4 filing with the securities and exchange commission.

ClubCorp Holdings Inc. is engaged in membership-based leisure business and an owner and operator of private golf and country clubs and business sports and alumni clubs in North America. The Company operations are organized into two business segments: golf and country clubs and business sports and alumni clubs. Its golf and country club segment includes a variety of clubs designed to appeal to a group of families and individuals who lead an active lifestyle and seek a nearby outlet for golf tennis swimming and other activities. The Company’s business sports and alumni club segment is designed to provide its members with private locations where they can work network and socialize. As of December 30 2014 the Company’s portfolio of 207 owned or operated clubs with over 180000 memberships serving over 400000 individual members.

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