Shares of Town Sports International Holdings (NASDAQ:CLUB) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 12-month consensus target price of $13.00 for the company and are predicting that the company will post $0.04 EPS for the current quarter, according to Zacks. Zacks has also given Town Sports International an industry rank of 153 out of 255 based on the ratings given to its competitors.
Several equities analysts have weighed in on the company. Imperial Capital increased their price objective on Town Sports International to $13.00 and gave the company an “outperform” rating in a report on Monday, May 21st. BidaskClub raised Town Sports International from a “buy” rating to a “strong-buy” rating in a 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 price objective for the company in a report on Wednesday, May 2nd. ValuEngine raised Town Sports International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 2nd. Finally, TheStreet raised Town Sports International from a “d+” rating to a “c” rating in a report on Tuesday, April 10th.
In other news, CFO Carolyn Spatafora sold 12,811 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 202,353 shares of the company’s stock, valued at $1,495,388.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 16,642 shares of company stock valued at $127,581 over the last ninety days. Corporate insiders own 16.00% of the company’s stock.
Several institutional investors have recently bought and sold shares of CLUB. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Town Sports International by 544.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 191,417 shares of the company’s stock worth $1,062,000 after acquiring an additional 161,717 shares during the period. JPMorgan Chase & Co. raised its position in shares of Town Sports International by 12,229.5% in the first quarter. JPMorgan Chase & Co. now owns 107,267 shares of the company’s stock worth $815,000 after buying an additional 106,397 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Town Sports International by 5.0% in the fourth quarter. Renaissance Technologies LLC now owns 2,151,300 shares of the company’s stock worth $11,940,000 after buying an additional 102,000 shares in the last quarter. Millennium Management LLC raised its position in shares of Town Sports International by 446.6% in the fourth quarter. Millennium Management LLC now owns 123,212 shares of the company’s stock worth $684,000 after buying an additional 100,672 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Town Sports International by 22.7% in 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 in the last quarter. 60.51% of the stock is owned by hedge funds and other institutional investors.
Shares of Town Sports International traded up $0.10, hitting $11.90, on Thursday, Marketbeat reports. The company had a trading volume of 135,600 shares, compared to its average volume of 134,713. The company has a market cap of $322.38 million, a PE ratio of -70.00 and a beta of 2.69. Town Sports International has a 1 year low of $3.80 and a 1 year high of $11.95. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of -2.65.
Town Sports International (NASDAQ:CLUB) last issued its quarterly earnings data on Thursday, April 26th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.11. The company had revenue of $107.11 million during the quarter, compared to analysts’ expectations of $105.03 million. research analysts anticipate that Town Sports International will post 0.19 EPS for the current year.
Town Sports International Company 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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