Town Sports International Holdings, Inc. (CLUB) SVP Nitin Ajmera Sells 2,319 Shares of Stock

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Town Sports International Holdings, Inc. (NASDAQ:CLUB) SVP Nitin Ajmera sold 2,319 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $5.36, for a total value of $12,429.84. Following the completion of the sale, the senior vice president now directly owns 50,544 shares of the company’s stock, valued at $270,915.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Nitin Ajmera also recently made the following trade(s):

  • On Tuesday, March 5th, Nitin Ajmera sold 723 shares of Town Sports International stock. The shares were sold at an average price of $5.42, for a total value of $3,918.66.
  • On Thursday, December 13th, Nitin Ajmera sold 1,769 shares of Town Sports International stock. The shares were sold at an average price of $6.22, for a total value of $11,003.18.

Shares of NASDAQ:CLUB traded down $0.04 during trading on Thursday, hitting $5.32. 2,511 shares of the company were exchanged, compared to its average volume of 96,758. Town Sports International Holdings, Inc. has a fifty-two week low of $5.34 and a fifty-two week high of $14.85.

CLUB has been the subject of several research reports. Zacks Investment Research raised Town Sports International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 1st. ValuEngine lowered Town Sports International from a “buy” rating to a “hold” rating in a research report on Friday, November 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $11.00.

Several hedge funds and other institutional investors have recently modified their holdings of CLUB. Vanguard Group Inc. boosted its position in shares of Town Sports International by 7.8% during the 3rd quarter. Vanguard Group Inc. now owns 875,641 shares of the company’s stock valued at $7,575,000 after purchasing an additional 63,306 shares in the last quarter. Northern Trust Corp boosted its position in Town Sports International by 202.6% during the second quarter. Northern Trust Corp now owns 187,749 shares of the company’s stock worth $2,731,000 after acquiring an additional 125,707 shares during the last quarter. Rothschild Investment Corp IL boosted its position in Town Sports International by 11.1% during the fourth quarter. Rothschild Investment Corp IL now owns 399,391 shares of the company’s stock worth $2,556,000 after acquiring an additional 40,000 shares during the last quarter. AQR Capital Management LLC boosted its position in Town Sports International by 411.4% during the third quarter. AQR Capital Management LLC now owns 304,755 shares of the company’s stock worth $2,637,000 after acquiring an additional 245,164 shares during the last quarter. Finally, Martingale Asset Management L P acquired a new position in Town Sports International during the third quarter worth about $867,000. Institutional investors own 72.86% 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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