Town Sports International (CLUB) Sets New 1-Year High and Low at $8.40

Town Sports International Holdings (NASDAQ:CLUB) shares reached a new 52-week high and low during mid-day trading on Thursday . The company traded as low as $8.40 and last traded at $8.32, with a volume of 86578 shares traded. The stock had previously closed at $8.10.

A number of research analysts recently issued reports on the company. ValuEngine upgraded Town Sports International from a “hold” rating to a “buy” rating in a report on Tuesday. Imperial Capital reiterated an “outperform” rating and set a $8.50 price objective (up from $7.50) on shares of Town Sports International in a report on Friday, March 2nd. Finally, Zacks Investment Research cut Town Sports International from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th.

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The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of -2.49. The stock has a market cap of $220.36, a P/E ratio of -49.71 and a beta of 2.69.

Town Sports International (NASDAQ:CLUB) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.13. The company had revenue of $105.33 million for the quarter, compared to analyst estimates of $99.64 million. equities research analysts anticipate that Town Sports International Holdings will post -0.04 EPS for the current fiscal year.

In related news, CFO Carolyn Spatafora sold 12,811 shares of the stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $7.39, for a total transaction of $94,673.29. Following the completion of the transaction, the chief financial officer now directly owns 202,353 shares of the company’s stock, valued at $1,495,388.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 20,483 shares of company stock valued at $147,494 over the last three months. Insiders own 19.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Macquarie Group Ltd. boosted its position in Town Sports International by 12.2% during the fourth quarter. Macquarie Group Ltd. now owns 169,581 shares of the company’s stock valued at $941,000 after purchasing an additional 18,425 shares during the last quarter. Millennium Management LLC boosted its position in Town Sports International by 446.6% during the fourth quarter. Millennium Management LLC now owns 123,212 shares of the company’s stock valued at $684,000 after purchasing an additional 100,672 shares during the last quarter. Renaissance Technologies LLC boosted its position in Town Sports International by 5.0% during the fourth quarter. Renaissance Technologies LLC now owns 2,151,300 shares of the company’s stock valued at $11,940,000 after purchasing an additional 102,000 shares during the last quarter. AXA acquired a new position in Town Sports International during the fourth quarter valued at approximately $140,000. Finally, Geode Capital Management LLC boosted its position in Town Sports International by 16.2% during the fourth quarter. Geode Capital Management LLC now owns 178,560 shares of the company’s stock valued at $990,000 after purchasing an additional 24,907 shares during the last quarter. 56.61% of the stock is owned by hedge funds and other institutional investors.

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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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