Shares of Town Sports International Holdings, Inc. (NASDAQ:CLUB) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports.
Analysts have set a 12-month consensus price target of $7.50 for the company and are forecasting that the company will post ($0.02) earnings per share for the current quarter, according to Zacks. Zacks has also given Town Sports International an industry rank of 112 out of 265 based on the ratings given to its competitors.
A number of analysts have commented on CLUB shares. Zacks Investment Research cut shares of Town Sports International from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 1st. ValuEngine raised shares of Town Sports International from a “sell” rating to a “hold” rating in a report on Sunday, December 31st.
Shares of Town Sports International (NASDAQ CLUB) traded up $0.30 during mid-day trading on Thursday, reaching $6.25. 82,813 shares of the company’s stock were exchanged, compared to its average volume of 46,846. Town Sports International has a twelve month low of $3.15 and a twelve month high of $7.15. The stock has a market capitalization of $166.76, a PE ratio of -9.92 and a beta of 3.07. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of -1.95.
In other Town Sports International news, CFO Carolyn Spatafora sold 11,546 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $5.74, for a total value of $66,274.04. Following the completion of the transaction, the chief financial officer now directly owns 218,729 shares in the company, valued at $1,255,504.46. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last quarter, insiders sold 16,597 shares of company stock valued at $95,400. Company insiders own 19.00% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the business. Northern Trust Corp boosted its position in shares of Town Sports International by 1.7% in the second quarter. Northern Trust Corp now owns 48,863 shares of the company’s stock worth $230,000 after purchasing an additional 838 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Town Sports International by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 359,779 shares of the company’s stock worth $1,691,000 after purchasing an additional 6,162 shares during the period. GSA Capital Partners LLP boosted its position in shares of Town Sports International by 25.6% in the third quarter. GSA Capital Partners LLP now owns 70,211 shares of the company’s stock worth $491,000 after purchasing an additional 14,300 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Town Sports International in the third quarter worth approximately $105,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Town Sports International by 3,416.2% in the third quarter. JPMorgan Chase & Co. now owns 17,581 shares of the company’s stock worth $120,000 after purchasing an additional 17,081 shares during the period. Institutional investors and hedge funds own 56.30% of the company’s stock.
Town Sports International Company Profile
Town Sports International Holdings, Inc is an owner and operator of fitness clubs in the Northeast and Mid-Atlantic regions of the United States fitness. As of December 31, 2016, the Company, through its subsidiaries, operated 150 fitness clubs (clubs). It owned and operated a total of 102 clubs under the New York Sports Clubs (NYSC) brand name within a 120-mile radius of New York City as of December 31, 2016, including 35 locations in Manhattan.
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