Town Sports International Holdings Inc. (NASDAQ:CLUB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Monday.
According to Zacks, “TOWN SPORTS INTERNATIONAL, INC. health club company is the largest in the Northeastern United States. TSI owns and operates the Sports Clubs Network of clubs, which includes New York Sports Clubs, Boston Sports Clubs, Washington Sports Clubs and Philadelphia Sports Clubs. There are also three locations in Switzerland: the Forum and the Joggeli Fitness Clubs in Basel and the Luxor Club in Zurich. All Sports Clubs locations offer a multitude of options for everyone, including a wide range of group exercise and fitness programs. Select facilities also offer racquet sports, pools, basketball courts and other recreational activities. All Clubs are fully equipped with tons of strength training equipment, cardiovascular machines and other exercise equipment. Additional services such as personal training, massage, steam room and sauna, Sports Clubs for Kids and fitness assessments are also available. “
Shares of Town Sports International Holdings (NASDAQ:CLUB) opened at 2.88 on Monday. Town Sports International Holdings has a one year low of $0.92 and a one year high of $3.97. The firm has a 50-day moving average of $2.99 and a 200-day moving average of $2.95. The company has a market capitalization of $72.25 million, a P/E ratio of 0.94 and a beta of 2.84.
Town Sports International Holdings (NASDAQ:CLUB) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $1.00. Equities research analysts expect that Town Sports International Holdings will post $0.24 EPS for the current fiscal year.
In other Town Sports International Holdings news, Director Patrick Walsh acquired 109,723 shares of the stock in a transaction dated Monday, August 22nd. The shares were bought at an average cost of $2.43 per share, for a total transaction of $266,626.89. Following the completion of the acquisition, the director now directly owns 299,294 shares of the company’s stock, valued at $727,284.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 19.80% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of CLUB. Bank of New York Mellon Corp increased its stake in Town Sports International Holdings by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 39,016 shares of the company’s stock worth $106,000 after buying an additional 704 shares during the period. GSA Capital Partners LLP increased its stake in Town Sports International Holdings by 32.8% in the second quarter. GSA Capital Partners LLP now owns 65,352 shares of the company’s stock worth $178,000 after buying an additional 16,159 shares during the period. Vanguard Group Inc. increased its stake in Town Sports International Holdings by 0.4% in the second quarter. Vanguard Group Inc. now owns 748,911 shares of the company’s stock worth $2,037,000 after buying an additional 2,712 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Town Sports International Holdings by 5.1% in the first quarter. Renaissance Technologies LLC now owns 1,054,100 shares of the company’s stock worth $3,025,000 after buying an additional 51,000 shares during the period. Institutional investors own 62.29% of the company’s stock.
About Town Sports International Holdings
Town Sports International Holdings, Inc (Town Sports) is an owner and operator of fitness clubs in the Northeast and Mid-Atlantic regions of the United States. The Company, through its subsidiaries, operates over 150 fitness clubs (clubs) and approximately three BFX Studio (studio) locations. The Company’s operating segments include New York Sports Clubs (NYSC), Boston Sports Clubs (BSC), Philadelphia Sports Clubs (PSC), Washington Sports Clubs (WSC), Swiss Sports Clubs and BFX Studio.
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