Potential ClubCorp-Apollo Deal Under Scrutiny

TSLA stock chart

Among specific stocks on the move today are electric auto name Tesla Inc (NASDAQ:TSLA), country club name ClubCorp Holdings Inc (NYSE:MYCC), and retailer Abercrombie & Fitch Co. October 17 investment analysts at Imperial Capital held the stock rating at "Outperform" and lowered the price expectation from $21.00 to $16.00.

Hedge funds have recently modified their holdings of the company. Stifel Nicolaus reissued a "buy" rating and set a $18.00 target price on shares of ClubCorp Holdings in a research note on Tuesday, June 6th.

Shares of ClubCorp Holdings (NYSE:MYCC) traded up 3.15% during midday trading on Tuesday, hitting $13.10. State Street Corp boosted its position in shares of ClubCorp Holdings by 2.6% in the first quarter.

ClubCorp Holdings, Inc. has a 52-week low of $10.80 and a 52-week high of $17.60.

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

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

Turning to HC2 Holdings, Inc.

Sell-side analysts are offering a consensus "Buy" rating on shares of ClubCorp Holdings, Inc. The transaction is expected to close sometime in the year's fourth fiscal quarter.

KCG Holdings Inc. purchased a new stake in shares of ClubCorp Holdings, Inc. Imperial Capital cut their price objective on ClubCorp Holdings from $21.00 to $17.00 and set an outperform rating for the company in a report on Thursday, April 13th. Over the past month the firm's stock is -1.50%, -17.61% for the last quarter, -10.27% for the past six-months and 2.34% for the a year ago. About 20.56 million shares traded or 4017.21% up from the average. In May, the company added two new independent contractors in an agreement with activist shareholder FrontFour Capital Group.

Founded in 1957, the company owns or operates more than 200 private golf, country and private clubs. The company's current price-earnings ratio amounts to 190.82 times earnings, above the average P/E ratio of 54.40 times earnings. Peak6 Investments LP has invested 0.01% of its portfolio in ClubCorp Holdings Inc (NYSE:MYCC).

Shares have declined about 25 percent since reaching February 21 - the day before ClubCorp reported weak fourth-quarter earnings. Revenue for the quarter also did not kill consensus, coming in at $221.28M, compared to the consensus of 221.58M. On average, equities research analysts expect that ClubCorp Holdings will post $0.36 EPS for the current year. 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-based leisure business.

Private equity giant Apollo Global Management LLC has agreed to buy golf club operator ClubCorp Holdings Inc. for roughly $1.1 billion, the companies said Monday, in a deal guided by respective legal advisers Paul Weiss Rifkind Wharton & Garrison LLP and Simpson Thacher & Bartlett LLP.

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