Town Sports International Holdings Inc. (NASDAQ:CLUB) shares fell 0.6% during trading on Tuesday . The company traded as low as $3.16 and last traded at $3.33, with a volume of 62,845 shares trading hands. The stock had previously closed at $3.35.

Separately, Zacks Investment Research raised shares of Town Sports International Holdings from a “hold” rating to a “strong-buy” rating and set a $3.00 price objective for the company in a research report on Wednesday, August 3rd.

The company’s 50-day moving average price is $2.82 and its 200 day moving average price is $2.84. The company has a market capitalization of $82.04 million, a price-to-earnings ratio of 1.07 and a beta of 2.63.

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Town Sports International Holdings (NASDAQ:CLUB) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $1.00. On average, equities research analysts forecast that Town Sports International Holdings Inc. will post $0.24 EPS for the current fiscal year.

In related news, Director Patrick Walsh acquired 109,723 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The shares were acquired at an average cost of $2.43 per share, for a total transaction of $266,626.89. Following the completion of the acquisition, the director now directly owns 299,294 shares in the company, valued at approximately $727,284.42. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 19.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CLUB. Vanguard Group Inc. increased its position in Town Sports International Holdings by 0.4% in the second quarter. Vanguard Group Inc. now owns 748,911 shares of the company’s stock worth $2,037,000 after buying an additional 2,712 shares during the period. GSA Capital Partners LLP increased its position in Town Sports International Holdings by 32.8% in the second quarter. GSA Capital Partners LLP now owns 65,352 shares of the company’s stock worth $178,000 after buying an additional 16,159 shares during the period. Bank of New York Mellon Corp increased its position in Town Sports International Holdings by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 39,016 shares of the company’s stock worth $106,000 after buying an additional 704 shares during the period. Finally, Renaissance Technologies LLC increased its position in Town Sports International Holdings by 5.1% in the first quarter. Renaissance Technologies LLC now owns 1,054,100 shares of the company’s stock worth $3,025,000 after buying an additional 51,000 shares during the period. 62.29% of the stock is owned by institutional investors and hedge funds.

Town Sports International Holdings Company Profile

Town Sports International Holdings, Inc (Town Sports) is an owner and operator of fitness clubs in the Northeast and Mid-Atlantic regions of the United States. The Company, through its subsidiaries, operates over 150 fitness clubs (clubs) and approximately three BFX Studio (studio) locations. The Company’s operating segments include New York Sports Clubs (NYSC), Boston Sports Clubs (BSC), Philadelphia Sports Clubs (PSC), Washington Sports Clubs (WSC), Swiss Sports Clubs and BFX Studio.

5 Day Chart for NASDAQ:CLUB

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