Zacks: Town Sports International Holdings (CLUB) Given Average Recommendation of “Strong Buy” by Brokerages

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

Brokerages have set a one year consensus price target of $8.50 for the company and are expecting that the company will post ($0.07) EPS for the current quarter, according to Zacks. Zacks has also given Town Sports International an industry rank of 82 out of 265 based on the ratings given to related companies.

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Several analysts have recently commented on the stock. ValuEngine upgraded shares of Town Sports International from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research upgraded shares of Town Sports International from a “strong sell” rating to a “hold” rating in a report on Monday, January 1st. Finally, Imperial Capital reiterated an “outperform” rating and issued a $8.50 target price (up previously from $7.50) on shares of Town Sports International in a report on Friday, March 2nd.

In other news, CFO Carolyn Spatafora sold 12,811 shares of the stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $7.39, for a total value of $94,673.29. Following the completion of the sale, the chief financial officer now owns 202,353 shares in the company, valued at $1,495,388.67. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders sold 20,483 shares of company stock valued at $147,494. 19.00% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in CLUB. Northern Trust Corp raised its holdings in shares of Town Sports International by 1.7% in the second quarter. Northern Trust Corp now owns 48,863 shares of the company’s stock valued at $230,000 after purchasing an additional 838 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in Town Sports International during the third quarter worth about $1,058,000. JPMorgan Chase & Co. increased its holdings in Town Sports International by 3,416.2% during the third quarter. JPMorgan Chase & Co. now owns 17,581 shares of the company’s stock worth $120,000 after buying an additional 17,081 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Town Sports International by 22.7% during 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 during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in Town Sports International during the third quarter worth about $105,000. Institutional investors own 56.61% of the company’s stock.

CLUB opened at $8.30 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of -2.49. Town Sports International has a 1-year low of $3.15 and a 1-year high of $8.40.

Town Sports International (NASDAQ:CLUB) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.13. The business had revenue of $105.33 million for the quarter, compared to analyst estimates of $99.64 million. equities research analysts forecast that Town Sports International will post -0.04 earnings per share for the current year.

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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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