Alambic Investment Management L.P. lessened its holdings in shares of Town Sports International Holdings (NASDAQ:CLUB) by 19.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,278 shares of the company’s stock after selling 15,822 shares during the quarter. Alambic Investment Management L.P. owned approximately 0.24% of Town Sports International worth $496,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Macquarie Group Ltd. increased its position in Town Sports International by 12.2% during the fourth quarter. Macquarie Group Ltd. now owns 169,581 shares of the company’s stock worth $941,000 after buying an additional 18,425 shares during the last quarter. Geode Capital Management LLC increased its position in Town Sports International by 16.2% during the fourth quarter. Geode Capital Management LLC now owns 178,560 shares of the company’s stock worth $990,000 after buying an additional 24,907 shares during the last quarter. AXA acquired a new position in Town Sports International during the fourth quarter worth approximately $140,000. Monashee Investment Management LLC acquired a new position in Town Sports International during the fourth quarter worth approximately $145,000. Finally, Dimensional Fund Advisors LP increased its position in Town Sports International by 22.7% during the third quarter. Dimensional Fund Advisors LP now owns 441,487 shares of the company’s stock worth $3,090,000 after buying an additional 81,708 shares during the last quarter. 60.48% of the stock is currently owned by hedge funds and other institutional investors.
Town Sports International stock opened at $10.45 on Wednesday. Town Sports International Holdings has a 12 month low of $3.80 and a 12 month high of $11.95. The company has a debt-to-equity ratio of -2.65, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market capitalization of $289.74 million, a PE ratio of -61.47 and a beta of 2.65.
Town Sports International (NASDAQ:CLUB) last posted its earnings results on Thursday, April 26th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.11. The firm had revenue of $107.11 million during the quarter, compared to analyst estimates of $105.03 million. analysts anticipate that Town Sports International Holdings will post 0.19 EPS for the current year.
Several equities analysts have recently commented on the company. Imperial Capital upped their target price on Town Sports International to $13.00 and gave the company an “outperform” rating in a research report on Monday. BidaskClub raised Town Sports International from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 4th. Zacks Investment Research raised Town Sports International from a “hold” rating to a “strong-buy” rating and set a $11.00 target price on the stock in a research report on Wednesday, May 2nd. ValuEngine raised Town Sports International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd. Finally, TheStreet raised Town Sports International from a “d+” rating to a “c” rating in a research report on Tuesday, April 10th. One equities research analyst has rated the stock with a buy rating and three have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Strong Buy” and a consensus price target of $12.00.
In other news, CFO Carolyn Spatafora sold 12,811 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $7.39, for a total value of $94,673.29. Following the transaction, the chief financial officer now owns 202,353 shares of the company’s stock, valued at $1,495,388.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 21,715 shares of company stock worth $161,169 in the last ninety days. 16.00% of the stock is owned by company insiders.
Town Sports International Profile
Town Sports International Holdings, Inc, together with its subsidiaries, owns and operates fitness clubs in the Northeast and Mid-Atlantic regions of the United States. The company's clubs offer special purpose rooms for group fitness classes; and other exercise programs, as well as accommodate cardiovascular and strength-training equipment.
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