Kennedy Capital Management Inc. Increases Position in Town Sports International Holdings, Inc. (CLUB)

Kennedy Capital Management Inc. lifted its holdings in Town Sports International Holdings, Inc. (NASDAQ:CLUB) by 1.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 214,626 shares of the company’s stock after purchasing an additional 2,089 shares during the period. Kennedy Capital Management Inc. owned approximately 0.85% of Town Sports International Holdings worth $1,009,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Bank of New York Mellon Corp grew its holdings in shares of Town Sports International Holdings by 6.6% in the first quarter. Bank of New York Mellon Corp now owns 35,984 shares of the company’s stock valued at $128,000 after purchasing an additional 2,220 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Town Sports International Holdings by 2.3% in the first quarter. Dimensional Fund Advisors LP now owns 353,617 shares of the company’s stock valued at $1,255,000 after purchasing an additional 7,852 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of Town Sports International Holdings by 340.7% in the second quarter. Acadian Asset Management LLC now owns 33,055 shares of the company’s stock valued at $155,000 after purchasing an additional 25,555 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Town Sports International Holdings by 5.4% in the first quarter. Renaissance Technologies LLC now owns 1,317,100 shares of the company’s stock valued at $4,676,000 after purchasing an additional 67,700 shares in the last quarter. Hedge funds and other institutional investors own 50.52% of the company’s stock.

A number of research analysts recently weighed in on CLUB shares. Zacks Investment Research upgraded shares of Town Sports International Holdings from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a report on Wednesday, August 2nd. Imperial Capital restated an “outperform” rating and issued a $7.50 price objective (up previously from $5.00) on shares of Town Sports International Holdings in a report on Monday, July 31st.

Town Sports International Holdings, Inc. (NASDAQ CLUB) opened at 6.20 on Thursday. Town Sports International Holdings, Inc. has a one year low of $2.10 and a one year high of $6.70. The company has a 50 day moving average of $5.80 and a 200-day moving average of $4.47. The firm’s market cap is $156.49 million.

Town Sports International Holdings (NASDAQ:CLUB) last posted its quarterly earnings results on Thursday, July 27th. The company reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.12. The business had revenue of $99.99 million during the quarter, compared to analysts’ expectations of $98.68 million. On average, equities research analysts predict that Town Sports International Holdings, Inc. will post ($0.24) earnings per share for the current year.

In related news, Director Louis Spencer Wells sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $5.90, for a total value of $35,400.00. Following the transaction, the director now owns 21,235 shares in the company, valued at $125,286.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 19.00% of the company’s stock.

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Town Sports International Holdings 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.

Institutional Ownership by Quarter for Town Sports International Holdings (NASDAQ:CLUB)

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