Town Sports International Holdings, Inc. (NASDAQ:CLUB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

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 reissued an “outperform” rating and issued a $7.50 target price (up from $5.00) on shares of Town Sports International Holdings in a research note on Monday, July 31st.

Shares of Town Sports International Holdings (NASDAQ CLUB) opened at 6.95 on Monday. The company’s market capitalization is $175.42 million. Town Sports International Holdings has a 12 month low of $2.10 and a 12 month high of $7.15. The firm has a 50-day moving average of $6.15 and a 200 day moving average of $4.69.

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

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In other Town Sports International Holdings news, Director Louis Spencer Wells sold 6,000 shares of the business’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $5.90, for a total transaction of $35,400.00. Following the completion of the sale, the director now directly owns 21,235 shares of the company’s stock, valued at approximately $125,286.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 19.00% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC grew its position in shares of Town Sports International Holdings by 5.4% during the 1st quarter. Renaissance Technologies LLC now owns 1,317,100 shares of the company’s stock worth $4,676,000 after buying an additional 67,700 shares during the period. Acadian Asset Management LLC lifted its holdings in Town Sports International Holdings by 340.7% in the second quarter. Acadian Asset Management LLC now owns 33,055 shares of the company’s stock valued at $155,000 after buying an additional 25,555 shares during the period. Kennedy Capital Management Inc. lifted its holdings in 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 period. Dimensional Fund Advisors LP lifted its holdings in Town Sports International Holdings by 2.3% in the first quarter. Dimensional Fund Advisors LP now owns 353,617 shares of the company’s stock valued at $1,255,000 after buying an additional 7,852 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in 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 period. 50.52% of the stock is currently owned by institutional investors.

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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