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.
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.
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.
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.
Receive News & Ratings for Town Sports International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Town Sports International and related companies with MarketBeat.com's FREE daily email newsletter.