Town Sports International Holdings Trading 4.5% Higher Following Insider Buying Activity (CLUB)
Shares of Town Sports International Holdings (NASDAQ:CLUB) traded up 4.5% during mid-day trading on Friday after an insider bought additional shares in the company, Stock Ratings Network.com reports. The stock traded as high as $7.19 and last traded at $6.91, with a volume of 119,170 shares. The stock had previously closed at $6.61.
Specifically, major shareholder Hg Vora Capital Management, Ll acquired 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
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 $164.1 million and a price-to-earnings ratio of 37.13.
Town Sports International Holdings (NASDAQ:CLUB) last issued its quarterly earnings data 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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