Town Sports International Holdings Inc. (CLUB) Downgraded to “Hold” at Zacks Investment Research
According to Zacks, “TOWN SPORTS INTERNATIONAL, INC. health club company is the largest in the Northeastern United States. TSI owns and operates the Sports Clubs Network of clubs, which includes New York Sports Clubs, Boston Sports Clubs, Washington Sports Clubs and Philadelphia Sports Clubs. There are also three locations in Switzerland: the Forum and the Joggeli Fitness Clubs in Basel and the Luxor Club in Zurich. All Sports Clubs locations offer a multitude of options for everyone, including a wide range of group exercise and fitness programs. Select facilities also offer racquet sports, pools, basketball courts and other recreational activities. All Clubs are fully equipped with tons of strength training equipment, cardiovascular machines and other exercise equipment. Additional services such as personal training, massage, steam room and sauna, Sports Clubs for Kids and fitness assessments are also available. “
Town Sports International Holdings (NASDAQ:CLUB) opened at 3.03 on Monday. The stock has a market capitalization of $76.02 million, a P/E ratio of 0.99 and a beta of 2.84. The firm’s 50-day moving average is $2.98 and its 200 day moving average is $2.94. Town Sports International Holdings has a 12-month low of $0.92 and a 12-month high of $3.97.
Town Sports International Holdings (NASDAQ:CLUB) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $1.00. Equities research analysts anticipate that Town Sports International Holdings will post $0.24 earnings per share for the current year.
In other news, Director Patrick Walsh purchased 109,723 shares of Town Sports International Holdings stock in a transaction dated Monday, August 22nd. The stock was bought at an average price of $2.43 per share, with a total value of $266,626.89. Following the completion of the acquisition, the director now owns 299,294 shares in the company, valued at approximately $727,284.42. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 19.80% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its position in shares of Town Sports International Holdings by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 39,016 shares of the company’s stock valued at $106,000 after buying an additional 704 shares during the period. GSA Capital Partners LLP increased its stake in Town Sports International Holdings by 32.8% in the second quarter. GSA Capital Partners LLP now owns 65,352 shares of the company’s stock valued at $178,000 after buying an additional 16,159 shares during the last quarter. Vanguard Group Inc. increased its stake in Town Sports International Holdings by 0.4% in the second quarter. Vanguard Group Inc. now owns 748,911 shares of the company’s stock valued at $2,037,000 after buying an additional 2,712 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Town Sports International Holdings by 5.1% in the first quarter. Renaissance Technologies LLC now owns 1,054,100 shares of the company’s stock valued at $3,025,000 after buying an additional 51,000 shares during the last quarter. 62.29% of the stock is owned by institutional investors.
About Town Sports International Holdings
Town Sports International Holdings, Inc (Town Sports) is an owner and operator of fitness clubs in the Northeast and Mid-Atlantic regions of the United States. The Company, through its subsidiaries, operates over 150 fitness clubs (clubs) and approximately three BFX Studio (studio) locations. The Company’s operating segments include New York Sports Clubs (NYSC), Boston Sports Clubs (BSC), Philadelphia Sports Clubs (PSC), Washington Sports Clubs (WSC), Swiss Sports Clubs and BFX Studio.
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