Town Sports International (NASDAQ:CLUB) was downgraded by equities researchers at TheStreet from a “c-” rating to a “d” rating in a research note issued on Wednesday, TheStreetRatingsTable reports.
Several other research firms also recently commented on CLUB. ValuEngine downgraded Town Sports International from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Zacks Investment Research downgraded Town Sports International from a “hold” rating to a “sell” rating in a report on Thursday, May 2nd. Finally, Imperial Capital reissued an “outperform” rating and issued a $5.50 target price (down from $11.00) on shares of Town Sports International in a report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $5.50.
NASDAQ CLUB opened at $2.94 on Wednesday. Town Sports International has a twelve month low of $2.90 and a twelve month high of $14.85.
Town Sports International (NASDAQ:CLUB) last released its earnings results on Thursday, April 25th. The company reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.13). Town Sports International had a negative return on equity of 0.10% and a negative net margin of 0.69%. The company had revenue of $116.60 million during the quarter, compared to the consensus estimate of $114.63 million. On average, equities analysts predict that Town Sports International will post -0.22 earnings per share for the current year.
In other Town Sports International news, insider Pw Partners Atlas Fund Iii, Lp purchased 247,895 shares of the stock in a transaction dated Thursday, May 2nd. The shares were purchased at an average cost of $3.62 per share, with a total value of $897,379.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Patrick Walsh purchased 40,681 shares of the stock in a transaction dated Thursday, May 2nd. The shares were acquired at an average cost of $3.58 per share, for a total transaction of $145,637.98. Following the completion of the acquisition, the chief executive officer now owns 1,965,929 shares of the company’s stock, valued at $7,038,025.82. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 452,002 shares of company stock worth $1,695,011 and sold 99,543 shares worth $545,305. Insiders own 13.30% of the company’s stock.
Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of Town Sports International by 128.4% during the first quarter. JPMorgan Chase & Co. now owns 8,450 shares of the company’s stock valued at $40,000 after purchasing an additional 4,750 shares in the last quarter. Alambic Investment Management L.P. bought a new position in shares of Town Sports International during the first quarter valued at $54,000. Rhumbline Advisers lifted its holdings in shares of Town Sports International by 38.9% during the fourth quarter. Rhumbline Advisers now owns 20,799 shares of the company’s stock valued at $133,000 after purchasing an additional 5,830 shares in the last quarter. Menta Capital LLC lifted its holdings in shares of Town Sports International by 10.3% during the fourth quarter. Menta Capital LLC now owns 22,439 shares of the company’s stock valued at $144,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Town Sports International during the first quarter valued at $178,000. 70.43% of the stock is currently owned by hedge funds and other institutional investors.
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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