Town Sports International Holdings, Inc. (NASDAQ:CLUB) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Brokers have set a 1 year consensus target price of $13.00 for the company and are expecting that the company will post ($0.02) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Town Sports International an industry rank of 180 out of 255 based on the ratings given to related companies.

A number of equities analysts recently issued reports on CLUB shares. Imperial Capital upped their price objective on shares of Town Sports International to $13.00 and gave the stock an “outperform” rating in a research report on Monday, May 21st. Zacks Investment Research upgraded shares of Town Sports International from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective for the company in a research report on Wednesday, May 2nd. BidaskClub upgraded shares of Town Sports International from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 4th. Finally, ValuEngine upgraded shares of Town Sports International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd.

In related news, insider Pw Partners Atlas Fund Iii, Lp acquired 2,806 shares of the stock in a transaction that occurred on Thursday, June 14th. The stock was acquired at an average cost of $11.60 per share, for a total transaction of $32,549.60. Following the transaction, the insider now directly owns 1,503,448 shares in the company, valued at $17,439,996.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Carolyn Spatafora sold 35,584 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $10.14, for a total transaction of $360,821.76. Following the completion of the transaction, the chief financial officer now owns 165,537 shares of the company’s stock, valued at $1,678,545.18. The disclosure for this sale can be found here. 16.00% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in CLUB. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Town Sports International in the 2nd quarter valued at approximately $132,000. Laurel Wealth Advisors Inc. acquired a new position in Town Sports International in the 1st quarter valued at approximately $148,000. Element Capital Management LLC acquired a new position in Town Sports International in the 1st quarter valued at approximately $178,000. Bank of Montreal Can acquired a new position in Town Sports International in the 2nd quarter valued at approximately $195,000. Finally, CAPROCK Group Inc. acquired a new position in Town Sports International in the 2nd quarter valued at approximately $205,000. Hedge funds and other institutional investors own 61.66% of the company’s stock.

Town Sports International traded up $0.10, reaching $9.85, during trading on Monday, MarketBeat.com reports. 128,582 shares of the company were exchanged, compared to its average volume of 222,450. The stock has a market cap of $266.47 million, a price-to-earnings ratio of -57.94 and a beta of 2.44. Town Sports International has a twelve month low of $5.00 and a twelve month high of $14.85. The company has a debt-to-equity ratio of -2.58, a current ratio of 0.91 and a quick ratio of 0.91.

Town Sports International (NASDAQ:CLUB) last released its quarterly earnings data on Friday, July 27th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.02). The company had revenue of $112.33 million for the quarter, compared to analyst estimates of $110.71 million. equities research analysts anticipate that Town Sports International will post 0.15 EPS for the current fiscal year.

About Town Sports International

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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