Town Sports International Holdings, Inc. (NASDAQ:CLUB) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday, August 2nd. The brokerage presently has a $6.00 price target on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 5.26% from the company’s current price.

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. “

Separately, Imperial Capital restated an “outperform” rating and issued a $7.50 price target (up from $5.00) on shares of Town Sports International Holdings in a report on Monday, July 31st.

Shares of Town Sports International Holdings (NASDAQ CLUB) opened at 5.70 on Wednesday. The firm has a 50-day moving average of $4.96 and a 200-day moving average of $3.98. Town Sports International Holdings has a one year low of $2.10 and a one year high of $5.88. The company’s market cap is $143.87 million.

Town Sports International Holdings (NASDAQ:CLUB) last posted its quarterly earnings data on Thursday, July 27th. The company reported ($0.02) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.12. The firm had revenue of $99.99 million for the quarter, compared to the consensus estimate of $98.68 million. Equities research analysts forecast that Town Sports International Holdings will post ($0.24) EPS for the current fiscal year.

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In other Town Sports International Holdings news, insider Michael G. Linn sold 4,060,082 shares of the stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $3.60, for a total transaction of $14,616,295.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Hg Vora Capital Management, Ll bought 3,850,000 shares of the company’s stock in a transaction on Wednesday, June 14th. The shares were acquired at an average price of $3.60 per share, for a total transaction of $13,860,000.00. The disclosure for this purchase can be found here. 19.00% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its stake in Town Sports International Holdings by 6.1% in the fourth quarter. Renaissance Technologies LLC now owns 1,249,400 shares of the company’s stock valued at $3,124,000 after buying an additional 71,459 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Town Sports International Holdings by 6.6% in the first quarter. Bank of New York Mellon Corp now owns 35,984 shares of the company’s stock valued at $128,000 after buying an additional 2,220 shares during the last quarter. Kennedy Capital Management Inc. raised its position in shares of Town Sports International Holdings by 9.9% in the first quarter. Kennedy Capital Management Inc. now owns 212,537 shares of the company’s stock valued at $755,000 after buying an additional 19,230 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Town Sports International Holdings by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 359,779 shares of the company’s stock valued at $1,691,000 after buying an additional 6,162 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Town Sports International Holdings by 1.7% in the second quarter. Northern Trust Corp now owns 48,863 shares of the company’s stock valued at $230,000 after buying an additional 838 shares during the last quarter. 49.28% of the stock is owned by institutional investors and hedge funds.

Town Sports International Holdings Company Profile

Town Sports International Holdings, Inc is an owner and operator of fitness clubs in the Northeast and Mid-Atlantic regions of the United States fitness. As of December 31, 2016, the Company, through its subsidiaries, operated 150 fitness clubs (clubs). It owned and operated a total of 102 clubs under the New York Sports Clubs (NYSC) brand name within a 120-mile radius of New York City as of December 31, 2016, including 35 locations in Manhattan.

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