Insider Buying: Hg Vora Capital Management, Ll Purchases 70,000 Shares of Town Sports International Holdings Stock (CLUB)
Town Sports International Holdings (NASDAQ:CLUB) major shareholder Hg Vora Capital Management, Ll purchased 70,000 shares of the company’s stock in a transaction dated Thursday, July 10th. The shares were purchased at an average price of $6.51 per share, with a total value of $455,700.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Town Sports International Holdings (NASDAQ:CLUB) traded up 1.69% on Thursday, hitting $6.61. 174,726 shares of the company’s stock traded hands. Town Sports International Holdings has a 52-week low of $5.65 and a 52-week high of $14.96. The stock has a 50-day moving average of $6.11 and a 200-day moving average of $8.72. The company has a market cap of $157.2 million and a P/E ratio of 36.52.
Town Sports International Holdings (NASDAQ:CLUB) last posted its quarterly earnings results on Tuesday, April 29th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by $0.16. The company had revenue of $115.90 million for the quarter, compared to the consensus estimate of $117.00 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, analysts predict that Town Sports International Holdings will post $-0.09 earnings per share for the current fiscal year.
Town Sports International Holdings, Inc (NASDAQ:CLUB) is the owner and operator of fitness clubs in the Northeast and Mid-Atlantic regions of the United States and the fitness club owner and operator in the United States, in each case based on the number of clubs.
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