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Town Sports International Holdings (NASDAQ:CLUB) traded up 4.8% on Tuesday following insider buying activity, American Banking reports. The company traded as high as $4.37 and last traded at $4.34, with a volume of 318,928 shares traded. The stock had previously closed at $4.14.

Specifically, major shareholder Hg Vora Capital Management, Ll acquired 450,000 shares of the company’s stock on the open market in a transaction dated Monday, August 4th. The stock was purchased at an average cost of $4.48 per share, for a total transaction of $2,016,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

A number of analysts have recently weighed in on CLUB shares. Analysts at Zacks downgraded shares of Town Sports International Holdings from a “neutral” rating to an “underperform” rating in a research note on Monday. They now have a $4.10 price target on the stock. Analysts at Wedbush cut their price target on shares of Town Sports International Holdings from $8.00 to $5.50 in a research note on Thursday, July 31st.

The stock has a 50-day moving average of $6.19 and a 200-day moving average of $7.78. The company’s market cap is $102.8 million.

Town Sports International Holdings (NASDAQ:CLUB) last released its earnings data on Wednesday, July 30th. The company reported ($0.02) EPS for the quarter. The company had revenue of $115.70 million for the quarter, compared to the consensus estimate of $116.28 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was down 3.7% on a year-over-year basis. On average, analysts predict that Town Sports International Holdings will post $-0.21 earnings per share for the current fiscal year.

Town Sports International Holdings, Inc (NASDAQ:CLUB) is an owner and operator of fitness clubs in the Northeast and Mid-Atlantic regions of the United States and a fitness club owner and operator in the United States in each case based on the number of clubs.

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