Zacks Investment Research cut shares of Town Sports International Holdings Inc. (NASDAQ:CLUB) from a buy rating to a hold rating in a research report report published on Monday.
According to Zacks, “TOWN SPORTS INTERNATIONAL, INC. health club company is the largest in the Northeastern United States. TSI owns and operates the Sports Clubs Network of clubs, which includes New York Sports Clubs, Boston Sports Clubs, Washington Sports Clubs and Philadelphia Sports Clubs. There are also three locations in Switzerland: the Forum and the Joggeli Fitness Clubs in Basel and the Luxor Club in Zurich. All Sports Clubs locations offer a multitude of options for everyone, including a wide range of group exercise and fitness programs. Select facilities also offer racquet sports, pools, basketball courts and other recreational activities. All Clubs are fully equipped with tons of strength training equipment, cardiovascular machines and other exercise equipment. Additional services such as personal training, massage, steam room and sauna, Sports Clubs for Kids and fitness assessments are also available. “
Shares of Town Sports International Holdings (NASDAQ:CLUB) opened at 2.87 on Monday. Town Sports International Holdings has a one year low of $0.92 and a one year high of $3.97. The stock has a market capitalization of $72.00 million, a PE ratio of 0.94 and a beta of 2.85. The company’s 50-day moving average price is $3.00 and its 200 day moving average price is $2.95.
Town Sports International Holdings (NASDAQ:CLUB) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of ($0.21) by $1.00. Analysts anticipate that Town Sports International Holdings will post $0.24 EPS for the current year.
In other Town Sports International Holdings news, Director Patrick Walsh purchased 109,723 shares of the stock in a transaction on Monday, August 22nd. The shares were bought at an average cost of $2.43 per share, with a total value of $266,626.89. Following the completion of the acquisition, the director now owns 299,294 shares in the company, valued at $727,284.42. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 19.80% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of CLUB. Bank of New York Mellon Corp raised its stake 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 raised its stake in 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 last quarter. Vanguard Group Inc. raised its stake in 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 last quarter. Finally, Renaissance Technologies LLC raised its stake in Town Sports International Holdings by 5.1% in the first quarter. Renaissance Technologies LLC now owns 1,054,100 shares of the company’s stock valued at $3,025,000 after buying an additional 51,000 shares during the last quarter. 62.29% of the stock is currently owned by institutional investors.
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.