Town Sports International Holdings, Inc. (NASDAQ:CLUB) CEO Patrick Walsh acquired 4,301 shares of Town Sports International stock in a transaction that occurred on Friday, September 14th. The stock was bought at an average cost of $8.80 per share, with a total value of $37,848.80. Following the acquisition, the chief executive officer now directly owns 1,507,749 shares of the company’s stock, valued at $13,268,191.20. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.
CLUB stock traded up $0.03 during trading on Friday, hitting $8.61. The company had a trading volume of 113,363 shares, compared to its average volume of 166,705. Town Sports International Holdings, Inc. has a fifty-two week low of $5.00 and a fifty-two week high of $14.85. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of -2.58. The company has a market capitalization of $235.20 million, a P/E ratio of -50.65 and a beta of 2.31.
Town Sports International (NASDAQ:CLUB) last issued its quarterly earnings results on Friday, July 27th. The company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.02). The business had revenue of $112.33 million for the quarter, compared to the consensus estimate of $110.71 million. Equities analysts anticipate that Town Sports International Holdings, Inc. will post 0.15 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of CLUB. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Town Sports International in the 2nd quarter valued at about $132,000. Laurel Wealth Advisors Inc. acquired a new stake in Town Sports International in the 1st quarter valued at about $148,000. Cubist Systematic Strategies LLC acquired a new stake in Town Sports International in the 2nd quarter valued at about $166,000. Element Capital Management LLC acquired a new stake in Town Sports International in the 1st quarter valued at about $178,000. Finally, Bank of Montreal Can acquired a new stake in Town Sports International in the 2nd quarter valued at about $195,000. 70.36% of the stock is owned by institutional investors.
Several research firms recently weighed in on CLUB. ValuEngine downgraded shares of Town Sports International from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. BidaskClub downgraded shares of Town Sports International from a “strong-buy” rating to a “buy” rating in a report on Friday, August 31st. Finally, Zacks Investment Research downgraded shares of Town Sports International from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.00.
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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