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

Town Sports International Holdings, Inc. (NASDAQ:CLUB) has received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 1-year consensus price objective of $7.50 for the company and are forecasting that the company will post ($0.02) EPS for the current quarter, according to Zacks. Zacks has also given Town Sports International an industry rank of 213 out of 265 based on the ratings given to related companies.

A number of equities analysts have recently issued reports on CLUB shares. Zacks Investment Research raised Town Sports International from a “strong sell” rating to a “hold” rating in a research report on Monday, January 1st. ValuEngine raised Town Sports International from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st.

Shares of Town Sports International (NASDAQ CLUB) traded up $0.10 during mid-day trading on Friday, hitting $6.00. The stock had a trading volume of 65,365 shares, compared to its average volume of 47,245. The firm has a market capitalization of $157.42, a P/E ratio of -9.38 and a beta of 3.03. The company has a debt-to-equity ratio of -1.95, a quick ratio of 0.94 and a current ratio of 0.95. Town Sports International has a 1-year low of $2.60 and a 1-year high of $7.15.

In other news, CFO Carolyn Spatafora sold 11,546 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $5.74, for a total transaction of $66,274.04. Following the sale, the chief financial officer now directly owns 218,729 shares of the company’s stock, valued at $1,255,504.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michelle Ryan sold 11,316 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $5.98, for a total transaction of $67,669.68. Following the sale, the insider now directly owns 18,333 shares in the company, valued at $109,631.34. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,097 shares of company stock worth $170,174. Insiders own 19.00% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Cubist Systematic Strategies LLC purchased a new stake in shares of Town Sports International during the third quarter valued at $105,000. JPMorgan Chase & Co. grew its holdings in shares of Town Sports International by 3,416.2% during the third quarter. JPMorgan Chase & Co. now owns 17,581 shares of the company’s stock valued at $120,000 after buying an additional 17,081 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Town Sports International by 1.7% during the second quarter. Northern Trust Corp now owns 48,863 shares of the company’s stock valued at $230,000 after buying an additional 838 shares during the last quarter. Algert Global LLC purchased a new stake in shares of Town Sports International during the third quarter valued at $324,000. Finally, GSA Capital Partners LLP grew its holdings in shares of Town Sports International by 25.6% during the third quarter. GSA Capital Partners LLP now owns 70,211 shares of the company’s stock valued at $491,000 after buying an additional 14,300 shares during the last quarter. 54.24% of the stock is currently owned by hedge funds and other institutional investors.

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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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