Town Sports International Holdings, Inc. (CLUB) Receives Average Recommendation of “Strong Buy” from Analysts

Town Sports International Holdings, Inc. (NASDAQ:CLUB) has been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Analysts have set a 12-month consensus target price of $13.00 for the company and are anticipating that the company will post ($0.02) earnings per share for the current quarter, according to Zacks. Zacks has also given Town Sports International an industry rank of 160 out of 255 based on the ratings given to related companies.

A number of brokerages recently weighed in on CLUB. Zacks Investment Research cut shares of Town Sports International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. ValuEngine cut shares of Town Sports International from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 3rd. Finally, BidaskClub cut shares of Town Sports International from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 31st.

Shares of CLUB opened at $9.39 on Friday. Town Sports International has a 12-month low of $5.00 and a 12-month high of $14.85. The firm has a market cap of $235.20 million, a P/E ratio of -55.24 and a beta of 2.31. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of -2.58.

Town Sports International (NASDAQ:CLUB) last posted its earnings results on Friday, July 27th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The business had revenue of $112.33 million during the quarter, compared to the consensus estimate of $110.71 million. As a group, analysts predict that Town Sports International will post 0.15 EPS for the current fiscal year.

In related news, CFO Carolyn Spatafora sold 35,584 shares of Town Sports International stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $10.14, for a total transaction of $360,821.76. Following the transaction, the chief financial officer now directly owns 165,537 shares of the company’s stock, valued at $1,678,545.18. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Patrick Walsh bought 4,301 shares of the stock in a transaction that occurred on Friday, September 14th. The shares were purchased at an average cost of $8.80 per share, for a total transaction of $37,848.80. Following the completion of the acquisition, the chief executive officer now owns 1,507,749 shares of the company’s stock, valued at $13,268,191.20. The disclosure for this purchase can be found here. 16.00% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Town Sports International during the second quarter worth about $132,000. Cubist Systematic Strategies LLC purchased a new position in Town Sports International in the 2nd quarter worth about $166,000. Bank of Montreal Can purchased a new position in Town Sports International in the 2nd quarter worth about $195,000. CAPROCK Group Inc. purchased a new position in Town Sports International in the 2nd quarter worth about $205,000. Finally, Rhumbline Advisers purchased a new position in Town Sports International in the 2nd quarter worth about $216,000. 70.36% of the stock is currently owned by hedge funds and other institutional investors.

About Town Sports International

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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