Town Sports International Holdings, Inc. (NASDAQ:CLUB) Receives Average Recommendation of “Strong Buy” from Brokerages

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Shares of Town Sports International Holdings, Inc. (NASDAQ:CLUB) have been given 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.

Analysts have set a 12-month consensus target price of $3.00 for the company and are expecting that the company will post ($0.10) EPS for the current quarter, according to Zacks. Zacks has also given Town Sports International an industry rank of 208 out of 255 based on the ratings given to related companies.

Several equities research analysts recently issued reports on CLUB shares. Zacks Investment Research upgraded Town Sports International from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 8th. ValuEngine raised Town Sports International from a “hold” rating to a “buy” rating in a report on Friday, January 3rd.

In other news, major shareholder Hg Vora Capital Management, Ll sold 2,800,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $1.50, for a total value of $4,200,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Patrick Walsh purchased 21,508 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average price of $1.76 per share, for a total transaction of $37,854.08. Following the completion of the transaction, the chief executive officer now directly owns 2,521,942 shares of the company’s stock, valued at approximately $4,438,617.92. The disclosure for this purchase can be found here. Insiders have sold 7,004,567 shares of company stock valued at $10,510,541 over the last quarter. 13.30% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in CLUB. A.R.T. Advisors LLC purchased a new position in Town Sports International in the 2nd quarter worth approximately $29,000. Meeder Asset Management Inc. boosted its stake in Town Sports International by 3,383.1% during the third quarter. Meeder Asset Management Inc. now owns 20,376 shares of the company’s stock worth $34,000 after buying an additional 19,791 shares during the last quarter. Jefferies Group LLC acquired a new position in Town Sports International during the second quarter worth $39,000. D. E. Shaw & Co. Inc. purchased a new stake in Town Sports International in the 2nd quarter valued at $104,000. Finally, Paloma Partners Management Co purchased a new stake in Town Sports International in the 2nd quarter valued at $140,000. Institutional investors own 61.31% of the company’s stock.

NASDAQ:CLUB opened at $2.12 on Tuesday. The stock has a market capitalization of $72.25 million, a PE ratio of -4.42 and a beta of 1.27. Town Sports International has a fifty-two week low of $1.11 and a fifty-two week high of $6.29. The company has a fifty day moving average of $2.08 and a two-hundred day moving average of $1.81.

Town Sports International (NASDAQ:CLUB) last announced its earnings results on Tuesday, November 5th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.33). The firm had revenue of $115.50 million for the quarter, compared to analyst estimates of $116.61 million. Equities research analysts predict that Town Sports International will post -0.42 earnings per share for the current year.

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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