Today, Town Sports International Holdings Inc. (CLUB) Given Consensus Rating of “Strong Buy” by Brokerages

Today, Town Sports International Holdings Inc. (CLUB) Given Consensus Rating of “Strong Buy” by Brokerages
Shares of Town Sports International Holdings Inc. (NASDAQ:CLUB) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Analysts have set a one year consensus price objective of $5.00 for the company and are expecting that the company will post ($0.12) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Town Sports International Holdings an industry rank of 59 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research lowered shares of Town Sports International Holdings from a “buy” rating to a “hold” rating in a research note on Monday, October 3rd.

In other news, major shareholder Pw Partners Atlas Fund Iii, Lp acquired 43,095 shares of Town Sports International Holdings stock in a transaction that occurred on Tuesday, November 15th. The shares were acquired at an average price of $2.35 per share, with a total value of $101,273.25. Following the purchase, the insider now directly owns 499,294 shares of the company’s stock, valued at $1,173,340.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 19.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in Town Sports International Holdings by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 39,016 shares of the company’s stock valued at $106,000 after buying an additional 704 shares during the last quarter. GSA Capital Partners LLP increased its stake in shares of Town Sports International Holdings by 32.8% in the second quarter. GSA Capital Partners LLP now owns 65,352 shares of the company’s stock valued at $178,000 after buying an additional 16,159 shares during the period. Vanguard Group Inc. increased its stake in shares of Town Sports International Holdings by 0.4% in the second quarter. Vanguard Group Inc. now owns 748,911 shares of the company’s stock valued at $2,037,000 after buying an additional 2,712 shares during the period. Northern Trust Corp increased its stake in shares of Town Sports International Holdings by 0.6% in the third quarter. Northern Trust Corp now owns 41,750 shares of the company’s stock valued at $129,000 after buying an additional 243 shares during the period. Finally, Spark Investment Management LLC increased its stake in shares of Town Sports International Holdings by 134.0% in the third quarter. Spark Investment Management LLC now owns 44,467 shares of the company’s stock valued at $137,000 after buying an additional 25,467 shares during the period. 62.51% of the stock is currently owned by institutional investors and hedge funds.

Shares of Town Sports International Holdings (NASDAQ:CLUB) opened at 2.50 on Wednesday. Town Sports International Holdings has a 52-week low of $0.92 and a 52-week high of $3.97. The firm has a 50-day moving average of $2.52 and a 200 day moving average of $2.76. The company has a market capitalization of $62.35 million, a P/E ratio of 0.69 and a beta of 3.08.

Town Sports International Holdings (NASDAQ:CLUB) last issued its earnings results on Wednesday, October 26th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by $0.04. On average, analysts anticipate that Town Sports International Holdings will post $0.20 EPS for the current year.

Town Sports International Holdings Company Profile

Town Sports International Holdings, Inc (Town Sports) is an owner and operator of fitness clubs in the Northeast and Mid-Atlantic regions of the United States. The Company, through its subsidiaries, operates over 150 fitness clubs (clubs) and approximately three BFX Studio (studio) locations. The Company’s operating segments include New York Sports Clubs (NYSC), Boston Sports Clubs (BSC), Philadelphia Sports Clubs (PSC), Washington Sports Clubs (WSC), Swiss Sports Clubs and BFX Studio.

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