Town Sports International (CLUB) Hits New 12-Month High and Low at $8.50

Town Sports International Holdings (NASDAQ:CLUB) shares reached a new 52-week high and low during trading on Friday . The company traded as low as $8.50 and last traded at $8.45, with a volume of 57756 shares changing hands. The stock had previously closed at $8.30.

A number of research firms have commented on CLUB. ValuEngine raised shares of Town Sports International from a “hold” rating to a “buy” rating in a research report on Tuesday, April 3rd. Imperial Capital reissued an “outperform” rating and set a $8.50 target price (up previously from $7.50) on shares of Town Sports International in a research report on Friday, March 2nd. Finally, Zacks Investment Research downgraded shares of Town Sports International from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th.

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The firm has a market cap of $225.80, a price-to-earnings ratio of -49.71 and a beta of 2.69. 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 (NASDAQ:CLUB) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.13. The firm had revenue of $105.33 million during the quarter, compared to the consensus estimate of $99.64 million. equities analysts forecast that Town Sports International Holdings will post -0.04 EPS for the current year.

In other news, CFO Carolyn Spatafora sold 12,811 shares of the firm’s 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 sale, the chief financial officer now directly owns 202,353 shares in the company, valued at approximately $1,495,388.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 20,483 shares of company stock worth $147,494 over the last 90 days. Company insiders own 19.00% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Alambic Investment Management L.P. boosted its holdings in shares of Town Sports International by 379.9% in the 4th quarter. Alambic Investment Management L.P. now owns 81,100 shares of the company’s stock valued at $450,000 after buying an additional 64,200 shares in the last quarter. Macquarie Group Ltd. bought a new stake in shares of Town Sports International in the 3rd quarter valued at about $1,058,000. Acadian Asset Management LLC boosted its holdings in shares of Town Sports International by 83.2% in the 4th quarter. Acadian Asset Management LLC now owns 323,915 shares of the company’s stock valued at $1,795,000 after buying an additional 147,125 shares in the last quarter. Algert Global LLC bought a new stake in shares of Town Sports International in the 3rd quarter valued at about $324,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Town Sports International by 22.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 441,487 shares of the company’s stock valued at $3,090,000 after buying an additional 81,708 shares in the last quarter. Institutional investors and hedge funds own 56.61% of the company’s stock.

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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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