Town Sports International Holdings, Inc. (NASDAQ:CLUB) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports.
Brokerages have set a 12-month consensus price target of $7.50 for the company, according to Zacks. Zacks has also given Town Sports International an industry rank of 89 out of 265 based on the ratings given to its competitors.
Several equities analysts have recently weighed in on the stock. ValuEngine raised shares of Town Sports International from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research lowered shares of Town Sports International from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 1st.
In related news, CFO Carolyn Spatafora sold 11,546 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $5.74, for a total value of $66,274.04. Following the completion of the sale, the chief financial officer now owns 218,729 shares of the company’s stock, valued at approximately $1,255,504.46. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders sold 17,297 shares of company stock valued at $99,684. 19.00% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of CLUB. Arrowstreet Capital Limited Partnership increased its holdings in Town Sports International by 544.5% in the 4th 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 in the last quarter. Macquarie Group Ltd. purchased a new stake in Town Sports International in the 3rd quarter worth $1,058,000. Mckinley Capital Management LLC Delaware purchased a new stake in Town Sports International in the 3rd quarter worth $1,045,000. Acadian Asset Management LLC increased its holdings in Town Sports International by 83.2% in the 4th quarter. Acadian Asset Management LLC now owns 323,915 shares of the company’s stock worth $1,795,000 after acquiring an additional 147,125 shares in the last quarter. Finally, EAM Investors LLC purchased a new stake in Town Sports International in the 3rd quarter worth $817,000. 56.30% of the stock is owned by institutional investors.
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About Town Sports International
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.
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