Town Sports International (CLUB) Upgraded at ValuEngine

ValuEngine upgraded shares of Town Sports International (NASDAQ:CLUB) from a sell rating to a hold rating in a report released on Friday morning.

Separately, Zacks Investment Research raised Town Sports International from a strong sell rating to a hold rating in a report on Monday, January 1st.

Town Sports International (CLUB) opened at $5.70 on Friday. The firm has a market capitalization of $152.08, a price-to-earnings ratio of -9.05 and a beta of 3.07. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of -1.95. Town Sports International has a fifty-two week low of $3.00 and a fifty-two week high of $7.15.

In other news, insider Michelle Ryan sold 11,316 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $5.98, for a total transaction of $67,669.68. Following the completion of the transaction, the insider now owns 18,333 shares of the company’s stock, valued at approximately $109,631.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Carolyn Spatafora sold 11,546 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $5.74, for a total value of $66,274.04. Following the transaction, the chief financial officer now directly owns 218,729 shares of the company’s stock, valued at approximately $1,255,504.46. The disclosure for this sale can be found here. Insiders sold a total of 27,913 shares of company stock valued at $163,070 over the last ninety days. Insiders own 19.00% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Alambic Investment Management L.P. raised its holdings in shares of Town Sports International by 379.9% during the 4th quarter. Alambic Investment Management L.P. now owns 81,100 shares of the company’s stock worth $450,000 after buying an additional 64,200 shares in the last quarter. Algert Global LLC raised its holdings in shares of Town Sports International by 241.3% during the 4th quarter. Algert Global LLC now owns 157,912 shares of the company’s stock worth $876,000 after buying an additional 111,646 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of Town Sports International by 83.2% during the 4th quarter. Acadian Asset Management LLC now owns 323,915 shares of the company’s stock worth $1,795,000 after buying an additional 147,125 shares in the last quarter. GSA Capital Partners LLP raised its holdings in shares of Town Sports International by 25.6% during the 3rd quarter. GSA Capital Partners LLP now owns 70,211 shares of the company’s stock worth $491,000 after buying an additional 14,300 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Town Sports International during the 3rd quarter worth $105,000. 54.74% of the stock is owned by 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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